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In a challenging market environment, Townsquare Media LLC (NYSE:TSQ) stock has touched a 52-week low, with shares plummeting to $6.56. According to InvestingPro data, the company maintains a healthy current ratio of 1.38 and offers an attractive dividend yield of ~12%, though investors should note that eight additional key insights are available to subscribers. The media and entertainment company, which specializes in local advertising and marketing solutions, has faced significant headwinds over the past year, reflected in a stark 1-year change with a decline of -46.02%. Investors have shown concern as the stock struggles to regain momentum amidst shifting industry dynamics and broader economic pressures. The current price level marks a critical juncture for Townsquare Media as it navigates through a period of uncertainty and aims to reposition itself for future growth. With analyst price targets ranging from $15 to $21 and the next earnings report due on May 8, 2025, investors seeking deeper insights can access the comprehensive Pro Research Report available exclusively on InvestingPro.
In other recent news, Townsquare Media LLC reported its fourth-quarter 2024 earnings, beating analyst expectations with an earnings per share (EPS) of $0.60, surpassing the projected $0.57. The company’s revenue for the quarter was $117.8 million, slightly missing the anticipated $118.05 million. Townsquare Media’s digital advertising now makes up 52% of its total net revenue, highlighting a strategic shift towards digital platforms. The company also successfully refinanced $490 million in debt, extending its maturities until 2030. Analyst firms have noted Townsquare Media’s strategic focus on digital growth, with Barrington Research and Noble Capital Markets showing interest in the company’s future trajectory. For the first quarter of 2025, Townsquare forecasts net revenue between $98 million and $100 million, with a full-year projection of $435 million to $455 million. The company aims to achieve 75% to 80% of its revenue from digital channels, aligning with its strategic pivot away from traditional broadcasting. Additionally, Townsquare Media’s adjusted EBITDA for Q4 2024 increased by 25.8% year-over-year, reaching $31.2 million, indicating robust operational performance.
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