Townsquare Media (TSQ) Scheduled to Post Quarterly Earnings on Thursday

Townsquare Media (NYSE:TSQ) is set to post its quarterly earnings results before the market opens on Thursday, May 9th. Analysts expect Townsquare Media to post earnings of $0.05 per share for the quarter. Townsquare Media has set its FY 2024 guidance at EPS and its Q1 2024 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Friday, March 15th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.26 by $0.08. Townsquare Media had a positive return on equity of 55.40% and a negative net margin of 9.90%. The company had revenue of $114.79 million during the quarter, compared to analysts’ expectations of $111.78 million. On average, analysts expect Townsquare Media to post $2 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Townsquare Media Price Performance

NYSE:TSQ opened at $12.63 on Wednesday. The firm’s 50-day simple moving average is $11.59 and its 200 day simple moving average is $10.66. Townsquare Media has a 52 week low of $8.00 and a 52 week high of $13.57. The firm has a market cap of $210.04 million, a price-to-earnings ratio of -4.61, a P/E/G ratio of 0.68 and a beta of 1.33. The company has a debt-to-equity ratio of 50.41, a quick ratio of 1.74 and a current ratio of 1.74.

Townsquare Media Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 1st. Shareholders of record on Friday, April 5th were paid a dividend of $0.198 per share. This represents a $0.79 dividend on an annualized basis and a yield of 6.27%. The ex-dividend date was 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 -28.83%.

Insider Buying and Selling

In other news, EVP Claire Marie Yenicay sold 31,048 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $12.36, for a total transaction of $383,753.28. Following the completion of the sale, the executive vice president now directly owns 190,191 shares in the company, valued at $2,350,760.76. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Townsquare Media news, EVP Claire Marie Yenicay sold 31,048 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total value of $383,753.28. Following the transaction, the executive vice president now directly owns 190,191 shares of the company’s stock, valued at $2,350,760.76. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Chairman Steven Price sold 1,565,681 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $12.36, for a total transaction of $19,351,817.16. Following the transaction, the chairman now directly owns 897,115 shares in the company, valued at $11,088,341.40. The disclosure for this sale can be found here. Insiders have sold a total of 2,886,934 shares of company stock valued at $35,653,276 over the last ninety days. 34.90% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

TSQ has been the subject of a number of analyst reports. Guggenheim boosted their price target on Townsquare Media from $12.00 to $12.50 and gave the company a “buy” rating in a research note on Wednesday, March 20th. StockNews.com raised shares of Townsquare Media from a “hold” rating to a “buy” rating in a report on Friday, April 19th. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a research note on Tuesday, April 2nd. Finally, Noble Financial upped their target price on Townsquare Media from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Monday, April 1st.

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.