Q2 2024 EPS Estimates for Townsquare Media, Inc. Boosted by Barrington Research (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ - Free Report) - Equities research analysts at Barrington Research upped their Q2 2024 earnings per share estimates for Townsquare Media in a note issued to investors on Tuesday, April 2nd. Barrington Research analyst J. Goss now forecasts that the company will earn $0.56 per share for the quarter, up from their previous estimate of $0.51. Barrington Research has a "Outperform" rating and a $17.00 price target on the stock. The consensus estimate for Townsquare Media's current full-year earnings is $1.48 per share. Barrington Research also issued estimates for Townsquare Media's Q3 2024 earnings at $0.53 EPS, FY2024 earnings at $1.63 EPS, Q1 2025 earnings at $0.13 EPS, Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.46 EPS, Q4 2025 earnings at $0.35 EPS and FY2026 earnings at $1.60 EPS.

Other research analysts have also recently issued reports about the company. Guggenheim increased their price target on Townsquare Media from $12.00 to $12.50 and gave the company a "buy" rating in a research report on Wednesday, March 20th. Noble Financial raised their price objective on Townsquare Media from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Monday. Finally, StockNews.com upgraded Townsquare Media from a "hold" rating to a "buy" rating in a research note on Friday, March 29th.

Townsquare Media Stock Down 1.8 %

NYSE TSQ traded down $0.22 during trading hours on Thursday, hitting $12.14. 81,338 shares of the company traded hands, compared to its average volume of 51,422. The business's 50-day moving average is $10.86 and its 200-day moving average is $10.05. Townsquare Media has a twelve month low of $8.00 and a twelve month high of $12.65. The company has a debt-to-equity ratio of 50.41, a quick ratio of 1.74 and a current ratio of 1.74. The stock has a market capitalization of $201.89 million, a price-to-earnings ratio of -4.44, a P/E/G ratio of 0.68 and a beta of 1.37.

Institutional Investors Weigh In On Townsquare Media

Large investors have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its holdings in shares of Townsquare Media by 169.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company's stock valued at $33,000 after acquiring an additional 2,890 shares in the last quarter. Group One Trading L.P. acquired a new stake in shares of Townsquare Media during the 1st quarter valued at $40,000. Citigroup Inc. acquired a new stake in shares of Townsquare Media during the 2nd quarter valued at $41,000. California State Teachers Retirement System acquired a new stake in shares of Townsquare Media during the 2nd quarter valued at $46,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in shares of Townsquare Media during the 2nd quarter valued at $63,000. Institutional investors and hedge funds own 71.69% of the company's stock.

Insiders Place Their Bets

In other Townsquare Media news, Director Gary L. Ginsberg sold 15,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.68, for a total transaction of $175,200.00. Following the transaction, the director now owns 100,164 shares in the company, valued at approximately $1,169,915.52. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Townsquare Media news, Director Gary L. Ginsberg sold 15,000 shares of the firm's stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.68, for a total value of $175,200.00. Following the sale, the director now owns 100,164 shares of the company's stock, valued at approximately $1,169,915.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Erik Hellum sold 3,380 shares of the firm's stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $11.03, for a total value of $37,281.40. Following the completion of the sale, the chief operating officer now directly owns 736,736 shares in the company, valued at approximately $8,126,198.08. The disclosure for this sale can be found here. Insiders have sold a total of 28,832 shares of company stock worth $327,135 in the last 90 days. Company insiders own 30.50% of the company's stock.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th will be paid a dividend of $0.198 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.52%. The ex-dividend date of this dividend is Thursday, April 4th. This is a positive change from Townsquare Media's previous quarterly dividend of $0.19. Townsquare Media's dividend payout ratio (DPR) is -27.37%.

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.