Wednesday, March 13, 2019

Townsquare Media (TSQ)

A Premium Valuation Appears Warranted.

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

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

• Fourth quarter upside surprise. The revenues were better than expected at $108.9 million versus our $105.1 million estimate, on the strength of its Digital businesses. Operating cash flow (adj. EBITDA) was better than expected at $23.9 million versus our $23.2 million estimate. 
• The Digital divide.  The company's digital businesses grew revenue an impressive 20% plus in 2018 to $120 million. Its Digital businesses represent approximately 28% of total company revenues, which sets the company ap... 

*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.