Townsquare Media - TSQ Stock Forecast, Price & News

1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Townsquare Media in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" TSQ shares.
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1 analysts have issued 1 year price objectives for Townsquare Media's shares. Their TSQ share price forecasts range from $14.00 to $17.00. On average, they expect the company's share price to reach $15.50 in the next year. This suggests a possible upside of 85.2% from the stock's current price.
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Townsquare Media's stock was trading at $7.25 at the beginning of the year. Since then, TSQ shares have increased by 15.4% and is now trading at $8.37.
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Townsquare Media saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 17,900 shares, a decrease of 53.7% from the February 13th total of 38,700 shares. Based on an average daily volume of 25,700 shares, the days-to-cover ratio is currently 0.7 days. Approximately 0.2% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 9th 2023.
View our TSQ earnings forecast.

Townsquare Media, Inc. (NYSE:TSQ) announced its earnings results on Tuesday, November, 2nd. The company reported $0.54 earnings per share for the quarter, topping analysts' consensus estimates of $0.47 by $0.07. The business had revenue of $111.28 million for the quarter, compared to analyst estimates of $106.81 million. Townsquare Media had a net margin of 2.66% and a trailing twelve-month return on equity of 59.69%. During the same period in the prior year, the firm earned $0.12 EPS.

Townsquare Media declared a quarterly dividend on Thursday, March 9th. Investors of record on Monday, March 27th will be given a dividend of $0.1875 per share on Monday, May 1st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date of this dividend is Friday, March 24th. This is a boost from the stock's previous quarterly dividend of $0.08.
Read our dividend analysis for TSQ.

Townsquare Media (NYSE:TSQ) pays an annual dividend of $0.75 per share and currently has a dividend yield of 9.20%. TSQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 110.29%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TSQ will have a dividend payout ratio of 39.47% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TSQ.

Townsquare Media updated its first quarter 2023 earnings guidance on Thursday, March, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $100.00 million-$102.00 million, compared to the consensus revenue estimate of $103.01 million.

45 employees have rated Townsquare Media Chief Executive Officer Bill Wilson and Dhruv Prasad on Glassdoor.com. Bill Wilson and Dhruv Prasad has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Townsquare Media investors own include Energy Transfer (ET), Ford Motor (F), Pfizer (PFE), Enterprise Products Partners (EPD), Annaly Capital Management (NLY), Hanesbrands (HBI), CBL & Associates Properties (CBL), Frontier Communications (FTR), Oasis Petroleum (OAS) and Primo Water (PRMW).

Townsquare Media trades on the New York Stock Exchange (NYSE) under the ticker symbol "TSQ."

Townsquare Media's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Beck Mack & Oliver LLC (3.84%), Renaissance Technologies LLC (2.75%), Gamco Investors INC. ET AL (1.81%), Gamco Investors INC. ET AL (1.81%), Fuller & Thaler Asset Management Inc. (1.46%) and Sei Investments Co. (0.61%). Insiders that own company stock include David Quick and Scott Schatz.
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Shares of TSQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TSQ stock can currently be purchased for approximately $8.37.

Townsquare Media (NYSE:TSQ) has a market capitalization of $145.04 million and generates $463.08 million in revenue each year. The company earns $12.34 million in net income (profit) each year or $0.68 on an earnings per share basis.

The company employs 2,442 workers across the globe.

Townsquare Media's mailing address is ONE MANHATTANVILLE ROAD SUITE 202, PURCHASE NY, 10577. The official website for the company is www.townsquaremedia.com. The company can be reached via phone at (230) 861-0900, via email at investors@townsquaremedia.com, or via fax at 203-861-0920.