Townsquare Media (TSQ) will release its results on Wednesday

Townsquare Media (NYSE:TSQ – Get Rating) will announce its results before market open on Wednesday, November 9. Analysts expect the company to report earnings of $0.58 per share for the quarter. Those interested in listening to the company’s earnings conference call can do so using this link.

Townsquare Media (NYSE:TSQ – Get Rating) last reported results on Tuesday, August 2. The company reported earnings per share (EPS) of $0.71 for the quarter, beating the consensus estimate of $0.63 by $0.08. Townsquare Media had a return on equity of 58.11% and a net margin of 4.61%. The company posted revenue of $121.92 million for the quarter, compared to $117.25 million expected by analysts. On average, analysts expect Townsquare Media to post EPS of $2 for the current fiscal year and EPS of $2 for the next fiscal year.

Townsquare Media trades up 0.8%

Shares of Townsquare Media opened at $7.62 on Wednesday. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt ratio of 8.80. The company has a market capitalization of $129.97 million, a PE ratio of 6.51, a P/E/G ratio of 0.30 and a beta of 1.58. The company’s fifty-day moving average is $7.92 and its two-hundred-day moving average is $8.92. Townsquare Media has a fifty-two week minimum of $7.14 and a fifty-two week maximum of $15.33.

A Wall Street analyst gives his opinion

Separately, StockNews.com began covering Townsquare Media stocks in a research note on Wednesday, October 12. They have set a “holding” rating on the stock.

Institutional entries and exits

Several institutional investors and hedge funds have recently changed their positions in TSQ. Gamco Investors Inc. ET AL increased its stake in Townsquare Media by 4.0% in the first quarter. Gamco Investors Inc. ET AL now owns 294,200 shares of the company valued at $3,763,000 after purchasing an additional 11,400 shares during the period. BlackRock Inc. increased its equity stake in Townsquare Media by 14.6% during the 1st quarter. BlackRock Inc. now owns 221,426 shares of the company valued at $2,832,000 after purchasing an additional 28,217 shares in the last quarter. Sei Investments Co. increased its position in Townsquare Media shares by 29.5% during the 1st quarter. Sei Investments Co. now owns 108,545 shares of the company valued at $1,388,000 after acquiring an additional 24,744 shares during the period. Millennium Management LLC increased its stake in Townsquare Media by 40.8% during the second quarter. Millennium Management LLC now owns 114,638 shares of the company valued at $939,000 after purchasing an additional 33,197 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Townsquare Media by 3.6% during the first quarter. Bank of New York Mellon Corp now owns 64,071 shares of the company valued at $820,000 after acquiring 2,224 additional shares in the last quarter. Institutional investors hold 50.28% of the company’s shares.

About Townsquare Media

(Get a rating)

Townsquare Media, Inc. operates as a digital media and marketing solutions company in small and medium 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, management social media, appointment booking, payment and invoicing, client management, email marketing and website retargeting services, as well as design, creation and development services. traditional and mobile websites.

Further reading

Revenue history for Townsquare Media (NYSE:TSQ)

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