Q2 2023 Earnings Estimate for Townsquare Media, Inc. Issued By Barrington Research (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ – Get Rating) – Analysts at Barrington Research boosted their Q2 2023 earnings per share (EPS) estimates for Townsquare Media in a note issued to investors on Wednesday, August 3rd. Barrington Research analyst J. Goss now expects that the company will post earnings per share of $0.72 for the quarter, up from their prior forecast of $0.69. The consensus estimate for Townsquare Media’s current full-year earnings is $2.02 per share.

Townsquare Media (NYSE:TSQ – Get Rating) last issued its quarterly earnings data on Tuesday, May 10th. The company reported $0.19 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.04). The firm had revenue of $100.24 million for the quarter, compared to analysts’ expectations of $98.96 million. Townsquare Media had a net margin of 4.61% and a return on equity of 60.74%.

Separately, StockNews.com lowered Townsquare Media from a “buy” rating to a “hold” rating in a research report on Thursday.

Townsquare Media Trading Down 2.2 %

Shares of Townsquare Media stock opened at $9.10 on Friday. The firm has a market cap of $155.22 million, a price-to-earnings ratio of 7.78 and a beta of 1.64. The business has a 50-day moving average price of $8.70 and a 200-day moving average price of $10.68. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 9.74. Townsquare Media has a twelve month low of $7.71 and a twelve month high of $15.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TSQ. American Century Companies Inc. grew its position in Townsquare Media by 10.6% in the fourth quarter. American Century Companies Inc. now owns 880,747 shares of the company’s stock worth $11,740,000 after acquiring an additional 84,264 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Townsquare Media by 28.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 282,800 shares of the company’s stock worth $3,770,000 after acquiring an additional 61,900 shares in the last quarter. BlackRock Inc. grew its position in Townsquare Media by 14.6% in the first quarter. BlackRock Inc. now owns 221,426 shares of the company’s stock worth $2,832,000 after acquiring an additional 28,217 shares in the last quarter. Eidelman Virant Capital grew its position in Townsquare Media by 46.7% in the second quarter. Eidelman Virant Capital now owns 88,000 shares of the company’s stock worth $710,000 after acquiring an additional 28,000 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Townsquare Media by 29.5% during the first quarter. Sei Investments Co. now owns 108,545 shares of the company’s stock valued at $1,388,000 after buying an additional 24,744 shares during the period. Hedge funds and other institutional investors own 50.04% of the company’s stock.

Townsquare Media Company Profile

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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 various digital marketing solutions, including hosting, search engine optimization, online directory optimization, e-commerce solutions, online reputation monitoring, social media management, appointment scheduling, payment and invoice, customer management, email marketing, and website retargeting services, as well as traditional and mobile-enabled website design, creation, and development services.