Noble Financial Cuts Earnings Estimates for Townsquare Media

Townsquare Media, Inc. (NYSE:TSQ - Free Report) - Investment analysts at Noble Financial dropped their FY2026 earnings per share estimates for Townsquare Media in a research report issued to clients and investors on Tuesday, March 18th. Noble Financial analyst M. Kupinski now forecasts that the company will post earnings per share of $1.57 for the year, down from their prior forecast of $1.68. Noble Financial has a "Outperform" rating and a $21.00 price objective on the stock. The consensus estimate for Townsquare Media's current full-year earnings is $1.07 per share.

Townsquare Media (NYSE:TSQ - Get Free Report) last posted its earnings results on Monday, March 17th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. The firm had revenue of $117.81 million during the quarter, compared to analysts' expectations of $116.41 million. Townsquare Media had a negative return on equity of 57.10% and a negative net margin of 8.84%. During the same quarter in the previous year, the business earned $0.34 earnings per share.

A number of other analysts have also recently commented on TSQ. Barrington Research reiterated an "outperform" rating and set a $15.00 target price on shares of Townsquare Media in a research report on Tuesday, March 18th. StockNews.com lowered Townsquare Media from a "buy" rating to a "hold" rating in a research report on Wednesday.

Remove Ads

Townsquare Media Trading Up 0.4 %

Shares of NYSE TSQ traded up $0.03 during mid-day trading on Wednesday, reaching $7.89. The company had a trading volume of 131,139 shares, compared to its average volume of 56,993. Townsquare Media has a 52-week low of $7.56 and a 52-week high of $13.57. The stock has a market cap of $127.24 million, a P/E ratio of -2.91, a PEG ratio of 0.58 and a beta of 1.33. The firm has a 50 day simple moving average of $8.67 and a two-hundred day simple moving average of $9.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. American Century Companies Inc. lifted its holdings in shares of Townsquare Media by 1.3% during the fourth quarter. American Century Companies Inc. now owns 699,787 shares of the company's stock worth $6,361,000 after purchasing an additional 9,292 shares during the period. Access Investment Management LLC lifted its stake in shares of Townsquare Media by 0.5% in the 4th quarter. Access Investment Management LLC now owns 398,450 shares of the company's stock worth $3,622,000 after acquiring an additional 1,985 shares during the period. Gamco Investors INC. ET AL boosted its holdings in shares of Townsquare Media by 7.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 353,507 shares of the company's stock valued at $3,213,000 after acquiring an additional 23,200 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Townsquare Media by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 280,897 shares of the company's stock valued at $2,554,000 after acquiring an additional 1,912 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Townsquare Media by 4.0% during the third quarter. State Street Corp now owns 177,163 shares of the company's stock worth $1,800,000 after acquiring an additional 6,800 shares during the period. 71.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Scott Schatz sold 5,000 shares of the business's stock in a transaction dated Monday, December 23rd. The stock was sold at an average price of $9.64, for a total value of $48,200.00. Following the transaction, the executive vice president now owns 38,068 shares in the company, valued at $366,975.52. The trade was a 11.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Over the last three months, insiders sold 14,594 shares of company stock valued at $138,632. Insiders own 30.50% of the company's stock.

Townsquare Media Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Shareholders of record on Thursday, April 17th will be paid a $0.20 dividend. The ex-dividend date is Thursday, April 17th. This is a positive change from Townsquare Media's previous quarterly dividend of $0.20. This represents a $0.80 dividend on an annualized basis and a yield of 10.13%. Townsquare Media's payout ratio is currently -69.57%.

Townsquare Media Company Profile

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.