Townsquare Media, Inc. to Post Q4 2024 Earnings of $0.46 Per Share, Barrington Research Forecasts (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ - Free Report) - Equities researchers at Barrington Research upped their Q4 2024 earnings per share estimates for shares of Townsquare Media in a research report issued to clients and investors on Tuesday, April 2nd. Barrington Research analyst J. Goss now anticipates that the company will post earnings per share of $0.46 for the quarter, up from their previous estimate of $0.42. Barrington Research currently has a "Outperform" rating and a $17.00 target price on the stock. The consensus estimate for Townsquare Media's current full-year earnings is $1.54 per share. Barrington Research also issued estimates for Townsquare Media's FY2025 earnings at $1.42 EPS.

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

Townsquare Media Trading Up 3.5 %

TSQ stock traded up $0.43 during midday trading on Friday, reaching $12.58. The stock had a trading volume of 90,861 shares, compared to its average volume of 52,019. The firm has a market cap of $209.24 million, a price-to-earnings ratio of -4.58, a PEG ratio of 0.67 and a beta of 1.37. Townsquare Media has a twelve month low of $8.00 and a twelve month high of $12.72. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 50.41. The business has a fifty day simple moving average of $10.88 and a two-hundred day simple moving average of $10.07.

Townsquare Media Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Stockholders of record on Friday, April 5th will be given a dividend of $0.198 per share. This is a positive change from Townsquare Media's previous quarterly dividend of $0.19. This represents a $0.79 annualized dividend and a dividend yield of 6.30%. The ex-dividend date is Thursday, April 4th. Townsquare Media's payout ratio is presently -28.83%.

Insider Activity

In related news, COO Erik Hellum sold 5,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $10.95, for a total value of $54,750.00. Following the sale, the chief operating officer now directly owns 718,222 shares in the company, valued at approximately $7,864,530.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, COO Erik Hellum sold 5,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $10.95, for a total value of $54,750.00. Following the sale, the chief operating officer now directly owns 718,222 shares in the company, valued at approximately $7,864,530.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Gary L. Ginsberg sold 15,000 shares of the stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $11.68, for a total transaction of $175,200.00. Following the completion of the sale, the director now owns 100,164 shares in the company, valued at $1,169,915.52. The disclosure for this sale can be found here. Insiders sold a total of 28,832 shares of company stock valued at $327,135 in the last ninety days. 30.50% of the stock is owned by insiders.

Institutional Trading of Townsquare Media

A number of hedge funds have recently modified their holdings of the company. Tower Research Capital LLC TRC raised its holdings in Townsquare Media by 169.3% during the 3rd quarter. Tower Research Capital LLC TRC now owns 4,597 shares of the company's stock worth $33,000 after buying an additional 2,890 shares during the period. Group One Trading L.P. acquired a new stake in Townsquare Media during the 1st quarter worth approximately $40,000. Citigroup Inc. acquired a new stake in Townsquare Media during the 2nd quarter worth approximately $41,000. California State Teachers Retirement System acquired a new stake in Townsquare Media during the 2nd quarter worth approximately $46,000. Finally, BNP Paribas Arbitrage SNC acquired a new stake in Townsquare Media during the 2nd quarter worth approximately $63,000. 71.69% of the stock is currently owned by institutional investors and hedge funds.

About Townsquare Media

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.