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TSQ

Townsquare Media

$7.60

0.04 (0.53%)

08:36
03/13/18
03/13
08:36
03/13/18
08:36

Townsquare Media sees FY18 revenue $510M-$520M, consensus $529.44M

Says strategic review is now largely complete. Says reduced events, eliminated less profitable events, simplified operations in digital business. Says focused on stabilizing profitability, not revenue growth in entertainment business. Expects continued growth in digital portfolio in 2018 and beyond. Says confident in sufficient liquidity over the next 12 months. Sees FY18 EBITDA $99M-$101M. Sees FY18 local marketing solutions revenue $364M-$372M. Sees FY18 entertainment net revenue $140M-$148M. Comments taken from Q4 earnings conference call.

  • 13

    Mar

TSQ Townsquare Media
$7.60

0.04 (0.53%)

11/13/17
RBCM
11/13/17
NO CHANGE
Target $10
RBCM
Outperform
Townsquare Media price target lowered to $10 from $12 at RBC Capital
RBC Capital analyst Leo Kulp lowered his price target on Townsquare Media to $10 following Q3 results, saying the quarter was challenging as management lowered its outlook and considered strategic alternatives for the Entertainment segment. Kulp says the business was negatively impacted by the continued headwind from the Insane Inflatables 5K and National Digital. The analyst also notes that the Local Marketing Solutions segment saw strong results driven by strength in digital offerings, adding the slowdown in subs was due to a shift in customer retention strategies and growth should reaccelerate in the coming quarters. Kulp keeps his Outperform rating on Townsquare Media.
11/08/17
11/08/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. Snap (SNAP) was downgraded to Underweight from Neutral at JPMorgan, to Sector Perform from Outperform at RBC Capital, and to Hold from Buy at Stifel. 2. Mallinckrodt (MNK) was downgraded to Neutral from Buy at Goldman Sachs, to Equal Weight from Overweight at Barclays, and to Market Perform from Outperform at Wells Fargo. 3. Scotts Miracle-Gro (SMG) downgraded to Neutral from Overweight at JPMorgan with analyst Jeffrey Zekauskas saying he finds the shares fairly valued at current levels. 4. Andersons (ANDE) downgraded to Neutral from Buy at Buckingham with analyst Eric Larson citing the weaker than expected third quarter report and guidance. 5. Townsquare Media (TSQ) downgraded to Equal Weight from Overweight at Stephens with analyst Kyle Evans saying the Local Marketing Services business appears healthy but he is unwilling to wait another year for signs of improvement in its struggling Entertainment business. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.
11/08/17
SPHN
11/08/17
DOWNGRADE
Target $11
SPHN
Equal Weight
Townsquare Media downgraded to Equal Weight from Overweight at Stephens
Stephens analyst Kyle Evans downgraded Townsquare Media to Equal Weight from Overweight, saying the Local Marketing Services business appears healthy but he is unwilling to wait another year for signs of improvement in its struggling Entertainment business. Following the company's quarterly report he lowered his price target on Townsquare Media shares to $11 from $13.
09/29/17
09/29/17
DOWNGRADE

On The Fly: Top five analyst downgrades
Catch up on today's top five analyst downgrades with this list compiled by The Fly: 1. DHX Media (DHXM) downgraded to Hold from Buy at Canaccord. 2. Alcobra (ADHD) downgraded to Neutral from Buy at Roth Capital with analyst Michael Higgins citing the company's announcement that it plans to merge with privately-held Arcturus Therapeutics in an all-stock transaction. 3. Scana (SCG) downgraded to Sell from Hold at Williams Capital with analyst Christopher Ellinghaus citing a new shareholder lawsuit accusing the company of manipulating the stock regarding the development of the V.C. Summer nuclear project. 4. Townsquare Media (TSQ) downgraded to Underperform from Buy at BofA/Merrill with analyst Bryan Goldberg citing headwinds and lack of catalysts. 5. Norbord (OSB) downgraded to Underperform from Market Perform at BMO Capital with analyst Ketan Mamtora citing valuation and upcoming OSB supply increases. This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, This list is just a portion of The Fly's full analyst coverage. To see The Fly's full Street Research coverage, click here.

TODAY'S FREE FLY STORIES

IIPR

Innovative Industrial Properties

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MO

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MAN

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MAN

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WBS

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NATI

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MSFT

Microsoft

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0.03 (0.28%)

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MSFT

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GME

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$10.57

0.03 (0.28%)

AMD

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SNE

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$42.09

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GOOGL

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$1,206.00

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GOOG

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LYFT

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DIS

Disney

$108.30

-0.36 (-0.33%)

, AAPL

Apple

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-3.96 (-2.03%)

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DIS

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AAPL

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CMCSK

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CMCSA

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-0.49 (-1.22%)

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FB

Facebook

$164.25

-1.83 (-1.10%)

, GOOG

Alphabet

$1,204.85

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FB

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GOOG

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GOOGL

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TWTR

Twitter

$32.98

0.37 (1.13%)

GM

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$36.51

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AMD

AMD

$26.43

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INTC

Intel

$53.20

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MRVL

Marvell

$19.69

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MCHP

Microchip

$85.50

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MU

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NVDA

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$177.40

-6.52 (-3.55%)

QCOM

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$56.71

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TXN

Texas Instruments

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PLNT

Planet Fitness

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IRDM

Iridium

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  • 28

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DJX

Dow Jones Industrial Average

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SPY

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IDTI

Integrated Device

$47.80

-0.04 (-0.08%)

, RNECY

Renesas

$0.00

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IDTI

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  • 25

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DJX

Dow Jones Industrial Average

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$0.00

(0.00%)

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General news
Senator Warren urges AG Barr to release Mueller report to the public »

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Dow Jones Industrial Average

$0.00

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$0.00

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SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

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BA

Boeing

$362.49

-10.2 (-2.74%)

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  • 28

    May

GLD

SPDR Gold Shares

$123.97

0.29 (0.23%)

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ONEXF

Onex

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(0.00%)

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DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

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Breaking Syndicate news story on DASAN Zhone »

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  • 28

    May

REPH

Recro Pharma

$9.73

0.1 (1.04%)

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  • 24

    Mar

DZSI

DASAN Zhone

$12.10

-0.12 (-0.98%)

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Breaking Syndicate news story on DASAN Zhone »

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  • 28

    May

DJX

Dow Jones Industrial Average

$0.00

(0.00%)

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S&P 500

$0.00

(0.00%)

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White House says hasn't received, been briefed on Mueller report, WSJ says »

Following confirmation…

DJX

Dow Jones Industrial Average

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SPX

S&P 500

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SPY

SPDR S&P 500 ETF Trust

$279.37

-5.26 (-1.85%)

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CATS

Catasys

$13.19

-0.39 (-2.87%)

17:26
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Breaking Syndicate news story on Catasys »

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USWS

U.S. Well Services

$7.74

-0.54 (-6.52%)

17:20
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Breaking Syndicate news story on U.S. Well Services »

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