Barrington Research Comments on Townsquare Media, Inc.’s Q4 2022 Earnings (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ - Get Rating) - Equities researchers at Barrington Analysis lowered their This fall 2022 earnings per share (EPS) estimates for shares of Townsquare Media in a report issued on Monday, November 14th. Barrington Analysis analyst J. Goss now expects that the corporate will put up earnings per share of $0.52 for the quarter, down from their earlier forecast of $0.61. The consensus estimate for Townsquare Media's present full-year earnings is $2.10 per share. Barrington Analysis additionally issued estimates for Townsquare Media's Q3 2023 earnings at $0.73 EPS and FY2024 earnings at $2.50 EPS.

A number of different equities analysis analysts additionally lately issued stories on the corporate. StockNews.com assumed protection on Townsquare Media in a report on Wednesday, October twelfth. They set a "maintain" ranking for the corporate. Guggenheim dropped their goal worth on Townsquare Media to $14.00 in a report on Tuesday.

Townsquare Media Buying and selling Up 2.4 %

Shares of Townsquare Media stock opened at $8.03 on Wednesday. The enterprise has a fifty day easy shifting common of $7.78 and a two-hundred day easy shifting common of $8.67. Townsquare Media has a 1 12 months low of $7.14 and a 1 12 months excessive of $13.96. The corporate has a market capitalization of $136.99 million, a price-to-earnings ratio of 14.60, a P/E/G ratio of 0.32 and a beta of 1.55. The corporate has a debt-to-equity ratio of 8.31, a present ratio of 1.54 and a fast ratio of 1.54.


Institutional Traders Weigh In On Townsquare Media

A lot of hedge funds and different institutional buyers have lately modified their holdings of TSQ. Janney Montgomery Scott LLC acquired a brand new stake in shares of Townsquare Media throughout the first quarter price $171,000. Financial institution of New York Mellon Corp lifted its holdings in shares of Townsquare Media by 3.6% throughout the first quarter. Financial institution of New York Mellon Corp now owns 64,071 shares of the corporate's inventory price $820,000 after shopping for an extra 2,224 shares within the final quarter. American Century Corporations Inc. lifted its holdings in shares of Townsquare Media by 8.0% throughout the first quarter. American Century Corporations Inc. now owns 951,531 shares of the corporate's inventory price $12,170,000 after shopping for an extra 70,784 shares within the final quarter. Group One Buying and selling L.P. acquired a brand new stake in shares of Townsquare Media throughout the first quarter price $40,000. Lastly, Acadian Asset Administration LLC elevated its place in shares of Townsquare Media by 0.9% within the first quarter. Acadian Asset Administration LLC now owns 251,706 shares of the corporate's inventory price $3,217,000 after buying an extra 2,203 shares throughout the interval. Institutional buyers and hedge funds personal 50.28% of the corporate's inventory.

Townsquare Media Firm Profile

(Get Rating)

Townsquare Media, Inc operates as a digital media and advertising options firm in small and medium-sized companies. It operates via three segments: Subscription Digital Advertising and marketing Options, Digital Promoting, and Broadcast Promoting. The Subscription Digital Advertising and marketing Options section provides numerous digital advertising options, together with internet hosting, SEO, on-line listing optimization, e-commerce options, on-line status monitoring, social media administration, appointment scheduling, cost and bill, buyer administration, e-mail advertising, and web site retargeting companies, in addition to conventional and mobile-enabled web site design, creation, and growth companies.

See Additionally

Earnings History and Estimates for Townsquare Media (NYSE:TSQ)

This on the spot information alert was generated by narrative science know-how and monetary knowledge from MarketBeat with a view to present readers with the quickest and most correct reporting. This story was reviewed by MarketBeat's editorial group previous to publication. Please ship any questions or feedback about this story to [email protected]

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