Townsquare Media (TSQ) Stock Forecast, Price & News

1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Townsquare Media in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TSQ shares.
View TSQ analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month target prices for Townsquare Media's stock. Their TSQ share price forecasts range from $14.00 to $17.00. On average, they predict the company's share price to reach $15.50 in the next twelve months. This suggests a possible upside of 72.0% from the stock's current price.
View analysts price targets for TSQ or view top-rated stocks among Wall Street analysts.

Townsquare Media's stock was trading at $7.25 at the start of the year. Since then, TSQ stock has increased by 24.3% and is now trading at $9.01.
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Townsquare Media saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 57,300 shares, an increase of 39.1% from the April 15th total of 41,200 shares. Based on an average daily trading volume, of 30,300 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.5% of the company's stock are short sold.
View Townsquare Media's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
View our TSQ earnings forecast.

Townsquare Media, Inc. (NYSE:TSQ) issued its quarterly earnings results on Thursday, March, 9th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.14. The firm had revenue of $120.28 million for the quarter, compared to analysts' expectations of $118.35 million. Townsquare Media had a trailing twelve-month return on equity of 53.66% and a net margin of 1.65%.

Townsquare Media declared a quarterly dividend on Wednesday, May 10th. Shareholders of record on Friday, June 30th will be given a dividend of $0.188 per share on Tuesday, August 1st. This represents a $0.75 dividend on an annualized basis and a dividend yield of 8.35%. The ex-dividend date of this dividend is Thursday, June 29th. This is a positive change from the stock's previous quarterly dividend of $0.19.
Read our dividend analysis for TSQ.

Townsquare Media (NYSE:TSQ) pays an annual dividend of $0.75 per share and currently has a dividend yield of 8.47%. TSQ has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 174.42%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, TSQ will have a dividend payout ratio of 40.32% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TSQ.

Townsquare Media issued an update on its second quarter 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $120.00 million-$122.00 million, compared to the consensus revenue estimate of $122.35 million.

45 employees have rated Townsquare Media Chief Executive Officer Bill Wilson and Dhruv Prasad on Glassdoor.com. Bill Wilson and Dhruv Prasad has an approval rating of 69% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Townsquare Media investors own include Energy Transfer (ET), Ford Motor (F), Pfizer (PFE), Enterprise Products Partners (EPD), Annaly Capital Management (NLY), Hanesbrands (HBI), CBL & Associates Properties (CBL), Frontier Communications (FTR), Oasis Petroleum (OAS) and Primo Water (PRMW).

Townsquare Media trades on the New York Stock Exchange (NYSE) under the ticker symbol "TSQ."

Townsquare Media's stock is owned by many different retail and institutional investors. Top institutional shareholders include American Century Companies Inc. (4.97%), Beck Mack & Oliver LLC (3.95%), Dimensional Fund Advisors LP (3.02%), Renaissance Technologies LLC (2.72%), Praetorian PR LLC (2.42%) and Gamco Investors INC. ET AL (1.85%). Insiders that own company stock include David Quick and Scott Schatz.
View institutional ownership trends.

Shares of TSQ stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TSQ stock can currently be purchased for approximately $9.01.

Townsquare Media (NYSE:TSQ) has a market capitalization of $156.14 million and generates $463.08 million in revenue each year. The company earns $12.34 million in net income (profit) each year or $0.43 on an earnings per share basis.

The company employs 2,442 workers across the globe.

Townsquare Media's mailing address is ONE MANHATTANVILLE ROAD SUITE 202, PURCHASE NY, 10577. The official website for the company is www.townsquaremedia.com. The company can be reached via phone at (230) 861-0900, via email at investors@townsquaremedia.com, or via fax at 203-861-0920.