Townsquare Media Inc (TSQ) Announces Quarterly Dividend of $0.08

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Townsquare Media Inc (NYSE:TSQ) announced a quarterly dividend on Wednesday, August 8th, Zacks reports. Investors of record on Thursday, September 27th will be given a dividend of 0.075 per share on Thursday, November 15th. This represents a $0.30 annualized dividend and a yield of 4.11%. The ex-dividend date is Wednesday, September 26th.

Townsquare Media stock traded down $0.15 during midday trading on Friday, hitting $7.30. 21,821 shares of the stock were exchanged, compared to its average volume of 69,180. Townsquare Media has a fifty-two week low of $6.03 and a fifty-two week high of $10.50. The stock has a market cap of $147.95 million, a P/E ratio of 9.86, a PEG ratio of 1.87 and a beta of 1.37. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 1.59.

Townsquare Media (NYSE:TSQ) last released its quarterly earnings data on Wednesday, August 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.29 by $0.09. Townsquare Media had a negative net margin of 7.70% and a positive return on equity of 7.07%. The firm had revenue of $119.58 million during the quarter, compared to analysts’ expectations of $115.56 million. As a group, analysts forecast that Townsquare Media will post 0.93 EPS for the current year.

A number of equities research analysts have weighed in on TSQ shares. ValuEngine upgraded shares of Townsquare Media from a “sell” rating to a “hold” rating in a research report on Tuesday, August 28th. Zacks Investment Research upgraded shares of Townsquare Media from a “sell” rating to a “hold” rating in a research report on Thursday, July 12th. Finally, Noble Financial set a $11.00 price target on shares of Townsquare Media and gave the company a “buy” rating in a research report on Thursday, August 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Townsquare Media has a consensus rating of “Buy” and a consensus price target of $9.80.

About Townsquare Media

Townsquare Media, Inc operates as a radio, digital media, entertainment, and digital marketing solutions company in small and mid-sized markets. It operates through two segments, Local Marketing Solutions and Entertainment. The Local Marketing Solutions segment provides broadcast and digital solutions to advertisers and businesses through its radio stations, Websites, radio stations' online streams, and mobile applications.

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