Noble Financial Weighs in on Townsquare Media, Inc.’s Q3 2024 Earnings (NYSE:TSQ)

Townsquare Media, Inc. (NYSE:TSQ) – Analysts at Noble Financial issued their Q3 2024 earnings per share estimates for shares of Townsquare Media in a research note issued to investors on Thursday, August 8th. Noble Financial analyst M. Kupinski anticipates that the company will post earnings of $0.37 per share for the quarter. The consensus estimate for Townsquare Media’s current full-year earnings is $1.37 per share. Noble Financial also issued estimates for Townsquare Media’s Q4 2024 earnings at $0.56 EPS and FY2025 earnings at $1.14 EPS.

Other equities analysts also recently issued reports about the stock. Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of Townsquare Media in a report on Monday. StockNews.com cut shares of Townsquare Media from a “buy” rating to a “hold” rating in a report on Thursday, August 8th.

Townsquare Media Stock Down 2.7 %

TSQ opened at $10.32 on Monday. The stock’s fifty day simple moving average is $10.98 and its 200 day simple moving average is $11.23. Townsquare Media has a 1-year low of $8.00 and a 1-year high of $13.57. The stock has a market cap of $156.04 million, a PE ratio of -4.06, a price-to-earnings-growth ratio of 0.65 and a beta of 1.34. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 271.80.

Hedge Funds Weigh In On Townsquare Media

A number of hedge funds have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp acquired a new stake in Townsquare Media during the fourth quarter worth about $107,000. Bailard Inc. bought a new stake in shares of Townsquare Media during the 4th quarter worth approximately $247,000. Access Investment Management LLC acquired a new stake in shares of Townsquare Media during the 4th quarter worth approximately $4,156,000. Janney Montgomery Scott LLC raised its position in Townsquare Media by 17.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 38,891 shares of the company’s stock valued at $411,000 after purchasing an additional 5,852 shares in the last quarter. Finally, Gabelli Funds LLC lifted its stake in Townsquare Media by 5.1% during the fourth quarter. Gabelli Funds LLC now owns 62,000 shares of the company’s stock worth $655,000 after purchasing an additional 3,000 shares during the last quarter. Institutional investors own 71.69% of the company’s stock.

Insider Activity at Townsquare Media

In other Townsquare Media news, CAO Robert L. Worshek sold 15,980 shares of Townsquare Media stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $11.06, for a total value of $176,738.80. Following the completion of the sale, the chief accounting officer now owns 58,097 shares in the company, valued at approximately $642,552.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 30.50% of the stock is currently owned by corporate insiders.

Townsquare Media Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 1st. Stockholders of record on Tuesday, October 15th will be given a $0.1975 dividend. The ex-dividend date of this dividend is Tuesday, October 15th. This represents a $0.79 dividend on an annualized basis and a dividend yield of 7.66%. Townsquare Media’s payout ratio is presently -31.10%.

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.