Noble Financial Cuts Earnings Estimates for Townsquare Media

Townsquare Media, Inc. (NYSE:TSQ) – Analysts at Noble Financial decreased their FY2026 earnings per share (EPS) estimates for Townsquare Media in a report issued on Tuesday, March 18th. Noble Financial analyst M. Kupinski now expects that the company will post earnings of $1.57 per share for the year, down from their previous estimate of $1.68. Noble Financial has a “Outperform” rating and a $21.00 price target on the stock. The consensus estimate for Townsquare Media’s current full-year earnings is $1.07 per share.

Separately, Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Townsquare Media in a research note on Tuesday.

Townsquare Media Stock Down 1.4 %

Townsquare Media stock opened at $8.03 on Wednesday. Townsquare Media has a 12 month low of $7.56 and a 12 month high of $13.57. The company’s fifty day simple moving average is $8.75 and its 200-day simple moving average is $9.55. The stock has a market cap of $124.76 million, a P/E ratio of -2.96, a P/E/G ratio of 0.58 and a beta of 1.33.

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

Townsquare Media Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 1st. Stockholders of record on Thursday, April 17th will be issued a dividend of $0.20 per share. The ex-dividend date is Thursday, April 17th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 9.97%. This is an increase from Townsquare Media’s previous quarterly dividend of $0.20. Townsquare Media’s dividend payout ratio (DPR) is currently -29.15%.

Insider Activity at Townsquare Media

In related news, EVP Claire Marie Yenicay sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $9.65, for a total value of $48,250.00. Following the transaction, the executive vice president now directly owns 207,393 shares of the company’s stock, valued at approximately $2,001,342.45. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Scott Schatz sold 4,594 shares of the company’s stock in a transaction that occurred on Thursday, December 26th. The stock was sold at an average price of $9.65, for a total value of $44,332.10. Following the sale, the executive vice president now directly owns 31,366 shares of the company’s stock, valued at $302,681.90. The trade was a 12.78 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,594 shares of company stock valued at $186,882. Insiders own 30.50% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Wells Fargo & Company MN grew its position in shares of Townsquare Media by 56.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,296 shares of the company’s stock valued at $57,000 after purchasing an additional 2,259 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Townsquare Media by 28.9% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,698 shares of the company’s stock valued at $68,000 after buying an additional 1,503 shares during the last quarter. Wealthfront Advisers LLC acquired a new stake in Townsquare Media in the 4th quarter valued at approximately $69,000. Russell Investments Group Ltd. increased its position in Townsquare Media by 1,086.0% in the 4th quarter. Russell Investments Group Ltd. now owns 8,409 shares of the company’s stock worth $76,000 after buying an additional 7,700 shares during the period. Finally, Hillsdale Investment Management Inc. lifted its holdings in shares of Townsquare Media by 47.0% during the fourth quarter. Hillsdale Investment Management Inc. now owns 27,200 shares of the company’s stock worth $247,000 after buying an additional 8,700 shares during the last quarter. 71.69% of the stock is currently owned by institutional investors and hedge funds.

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.