Townsquare Media (TSQ) Scheduled to Post Earnings on Thursday

Townsquare Media (NYSE:TSQ) is scheduled to release its earnings data before the market opens on Thursday, November 7th. Analysts expect Townsquare Media to post earnings of $0.34 per share for the quarter. Townsquare Media has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.28). Townsquare Media had a negative return on equity of 171.57% and a negative net margin of 19.53%. The business had revenue of $118.23 million during the quarter, compared to analysts’ expectations of $117.99 million. On average, analysts expect Townsquare Media to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Townsquare Media Stock Down 0.4 %

Shares of NYSE:TSQ opened at $9.74 on Tuesday. The company has a 50-day moving average price of $10.13 and a 200 day moving average price of $10.83. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80. Townsquare Media has a 12 month low of $8.59 and a 12 month high of $13.57. The company has a market cap of $149.90 million, a price-to-earnings ratio of -1.74, a PEG ratio of 0.84 and a beta of 1.36.

Townsquare Media Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Investors of record on Tuesday, October 15th were paid a dividend of $0.1975 per share. This represents a $0.79 dividend on an annualized basis and a dividend yield of 8.11%. The ex-dividend date of this dividend was Tuesday, October 15th. Townsquare Media’s dividend payout ratio is currently -14.08%.

Analyst Ratings Changes

Several brokerages have issued reports on TSQ. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Townsquare Media in a research report on Monday, August 12th.

Insider Buying and Selling at Townsquare Media

In related news, Director Stephen A. Kaplan purchased 50,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was acquired at an average price of $10.41 per share, with a total value of $520,500.00. Following the completion of the acquisition, the director now owns 137,808 shares in the company, valued at approximately $1,434,581.28. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other Townsquare Media news, COO Erik Hellum sold 9,223 shares of the stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $10.30, for a total transaction of $94,996.90. Following the sale, the chief operating officer now directly owns 607,680 shares of the company’s stock, valued at approximately $6,259,104. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Stephen A. Kaplan acquired 50,000 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was purchased at an average price of $10.41 per share, with a total value of $520,500.00. Following the transaction, the director now owns 137,808 shares of the company’s stock, valued at approximately $1,434,581.28. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders have sold 28,585 shares of company stock worth $289,812 over the last quarter. Insiders own 30.50% of the company’s stock.

Townsquare Media Company Profile

Townsquare Media, Inc operates as a digital media and marketing solutions company in small and medium-sized businesses. It operates through three segments: Subscription Digital Marketing Solutions, Digital Advertising, and Broadcast Advertising. The Subscription Digital Marketing Solutions segment offers website design, creation, and development, as well as hosting services; and search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, and email and SMS marketing services.