What is Noble Financial’s Forecast for TSQ Q3 Earnings?

Townsquare Media, Inc. (NYSE:TSQ) – Analysts at Noble Financial reduced their Q3 2026 earnings per share estimates for Townsquare Media in a report released on Tuesday, August 11th. Noble Financial analyst M. Kupinski now expects that the company will post earnings per share of $0.14 for the quarter, down from their previous estimate of $0.15. The consensus estimate for Townsquare Media’s current full-year earnings is $0.02 per share.

Several other equities research analysts have also commented on the company. Wall Street Zen lowered Townsquare Media from a “buy” rating to a “hold” rating in a research note on Saturday. Zacks Research downgraded Townsquare Media from a “hold” rating to a “strong sell” rating in a research report on Monday, July 13th. Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of Townsquare Media in a report on Monday, May 11th. Finally, Weiss Ratings upgraded Townsquare Media from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, July 13th. One analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average price target of $10.00.

Townsquare Media Trading Down 7.6%

Shares of TSQ stock opened at $5.50 on Wednesday. The company has a 50 day simple moving average of $6.50 and a two-hundred day simple moving average of $6.49. The stock has a market cap of $94.02 million, a P/E ratio of -1.91, a P/E/G ratio of 24.79 and a beta of 1.22. Townsquare Media has a 12 month low of $4.30 and a 12 month high of $7.97.

Townsquare Media (NYSE:TSQ) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.21 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.02. The firm had revenue of $114.00 million for the quarter, compared to analysts’ expectations of $114.74 million. Townsquare Media had a negative net margin of 11.82% and a negative return on equity of 5.59%.

Townsquare Media Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, November 2nd. Investors of record on Monday, October 26th will be paid a dividend of $0.20 per share. The ex-dividend date is Monday, October 26th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 14.6%. Townsquare Media’s payout ratio is -27.78%.

Insider Buying and Selling at Townsquare Media

In other news, COO Erik Hellum sold 35,000 shares of the business’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $6.44, for a total value of $225,400.00. Following the transaction, the chief operating officer directly owned 914,542 shares in the company, valued at $5,889,650.48. The trade was a 3.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Robert L. Worshek sold 34,299 shares of the business’s stock in a transaction dated Thursday, May 28th. The shares were sold at an average price of $6.62, for a total value of $227,059.38. Following the completion of the transaction, the chief accounting officer owned 142,722 shares in the company, valued at $944,819.64. The trade was a 19.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 30.30% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in Townsquare Media in the 2nd quarter worth approximately $33,000. Algert Global LLC bought a new stake in shares of Townsquare Media during the third quarter valued at approximately $72,000. XTX Topco Ltd purchased a new position in shares of Townsquare Media in the fourth quarter worth $83,000. Occudo Quantitative Strategies LP bought a new position in shares of Townsquare Media during the second quarter worth $101,000. Finally, Cetera Investment Advisers purchased a new position in Townsquare Media during the first quarter valued at $129,000. 71.69% of the stock is owned by hedge funds and other institutional investors.

About Townsquare Media

Townsquare Media, Inc (NYSE: TSQ) is a diversified media and entertainment company that operates primarily in small and mid-sized markets across the United States. The company owns and manages over 300 local radio stations that deliver music, news, sports and community programming to listeners. In addition to its core broadcasting business, Townsquare Media provides digital marketing solutions and advertising services through its proprietary platforms and specialized agencies, helping local businesses connect with consumers via targeted online campaigns.

Founded in 2010 and headquartered in Purchase, New York, Townsquare Media has grown its footprint through strategic acquisitions and the development of a broad digital portfolio.