News

Research – Townsquare Media (TSQ) – Hitting a Nice Stride

Media and Marketing
0 min read

Wednesday, August 7, 2019

Townsquare Media (TSQ)

Hitting a Nice Stride

Townsquare Media Inc is an entertainment and media company offering digital marketing solutions in the United States and Canada. It owns and operates radio stations, social media properties focusing the small and mid-cap companies. Services offered to the clients include live events, local advertising, digital advertising, e-commerce offerings, few others.

Michael Kupinski, Senior Research Analyst, DOR, Noble Capital Markets, Inc.

Refer to full report for price target, fundamental analysis and rating.

  • Over achieves expectations, again. Second quarter revenues of $113.1 million was better than our $109.9 million estimate, beating expectations in all three reporting segments including Marketing Services, Live Events, and Interactive. The company exceeded our cash flow estimate of $27.6 million by a significant 9.2%, coming in at $30.1 million. 
     
  • Digital growth is impressive. The company added 1,100 net subscribers to its Interactive business, an acceleration from the first quarter growth of 850. The company now has…




    Get full report on Channelchek desktop.




This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst
certification and important disclosures included in full report. 
NOTE: investment decisions should not be based upon the content of
this research summary.  Proper due diligence is required before
making any investment decision.
 

Share

Inbox Intel from Channelchek.

Informed investors make more money. And it’s all about timing. Get it when it happens.

By clicking submit you are agreeing to the Terms of Use and Privacy Policy
© 2018-2024 Noble Financial Group, Inc. All Rights Reserved. Channelchek is provided at no cost to be used for information purposes only and not as investment advisement.