Keep Eyes on Stock News- Townsquare Media, Inc. (NYSE: TSQ)

Townsquare Media, Inc. (NYSE: TSQ) ended with change of 0.53% to $7.6 with the total traded volume of 205718 shares versus to an average volume of 62.84K. The stock was up in the 5 days activity 7.95%. The one month performance of stock was high 13.43%. TSQ shares are -2.31% for the quarter and driving a -24.98% over the course of the past year and is now -1.04% since this point in 2018.  Right now TSQ beta is 1.44. The average volatility for the week and month was at 5.26% 4.74% respectively.

Townsquare Media, Inc. (NYSE: TSQ) announced today financial results for the fourth quarter and year ended December 31, 2017.

Bill Wilson, Co-Chief Executive Officer of Townsquare commented “We are pleased to announce another strong result in our Local Marketing Solutions segment, which delivered net revenue growth of 0.4% in the fourth quarter of 2017, and 1.9% for the full year, despite the loss of political revenue.  This was the 16th consecutive quarter of positive, organic net revenue growth for this segment of our Company.  Excluding political revenue, Local Marketing Solutions net revenue increased 5.2% in the fourth quarter of 2017, our strongest quarter of the year, and 3.9% for the full year”.

The Company also announced today that its Board of Directors approved the initiation of a quarterly cash dividend of $0.075 per share.  The dividend will be payable on May 15, 2018 to shareholders of record as of the close of business on April 2, 2018.

Dhruv Prasad, Co-Chief Executive Officer of Townsquare commented “The Board’s decision to approve a dividend reflects confidence in our current capitalization, the strength of our balance sheet, our free cash flow generation, and our outlook for 2018”.  “Our quarterly cash dividend of $0.075 per share, or $0.30 per share on an annual basis, commences in May 2018.”

Quarter Ended December 31, 2017 Compared to the Quarter Ended December 31, 2016

Net Revenue

Net revenue for the quarter ended December 31, 2017 decreased $4.4 million, or 3.7%, to $114.3 million, as compared to $118.7 million in the same period last year.  Local Marketing Solutions net revenue increased $0.4 million, or 0.4%, to $91.6 million and Entertainment net revenue decreased $4.8 million, or 17.4%, to $22.6 million, due to revenue declines in certain of our live events and in our national digital business.  Excluding political revenue, net revenue decreased $0.3 million, or 0.2%, to $113.1 million and Local Marketing Solutions net revenue increased $4.5 million, or 5.2%, to $90.5 million.

Net (Loss) Income

Net (loss) income for the quarter ended December 31, 2017 decreased $30.3 million, or 944.1%, to a net loss of $27.1 million, as compared to net income of $3.2 million in the same period last year.  Net (loss) income from continuing operations for the quarter ended December 31, 2017 decreased $29.4 million, or 941.5%, to a net loss of $26.3 million, as compared to net income of $3.1 million in the same period last year.  Net (loss) income and net (loss) income from continuing operations declined primarily due to a $51.8 million impairment charge recorded in the quarter ended December 31, 2017.

Adjusted EBITDA

Adjusted EBITDA for the quarter ended December 31, 2017 decreased $3.1 million, or 12.7%, to $21.6 million, as compared to $24.8 million in the same period last year.

Year Ended December 31, 2017 Compared to the Year Ended December 31, 2016

Net Revenue

Net revenue for the year ended December 31, 2017 decreased $8.6 million, or 1.7%, to $507.4 million, as compared to $516.0 million in the same period last year. Local Marketing Solutions net revenue increased $6.5 million or 1.9%, to $348.7 million and Entertainment net revenue decreased $15.0 million or 8.6%, to $158.8 million, due to revenue declines in certain of our live events and in our national digital business.  Excluding political revenue, net revenue decreased $2.0 million, or 0.4%, to $505.0 million and Local Marketing Solutions net revenue increased $13.1 million, or 3.9%, to $346.2 million.

Net (Loss) Income

Net (loss) income for the year ended December 31, 2017 decreased $33.6 million, or 144.1%, to a net loss of $10.3 million, as compared to net income of $23.3 million in the same period last year. Net (loss) income from continuing operations for the year ended December 31, 2017 decreased $32.1 million, or 138.3%, to a net loss of $8.9 million, as compared to net income of $23.2 million in the same period last year. Net (loss) income and net (loss) income from continuing operations declined primarily due to a $51.8 million impairment charge recorded in the quarter ended December 31, 2017.

Adjusted EBITDA

Adjusted EBITDA for the year ended December 31, 2017 decreased $9.4 million, or 8.8%, to $97.2 million, as compared to $106.6 million in the same period last year.

Liquidity and Capital Resources

As of December 31, 2017, we had a total of $65.3 million of cash on hand and $50.0 million of available borrowing capacity under our revolving credit facility. As of December 31, 2017, we had $571.9 million of outstanding indebtedness, representing 5.9x and 5.2x gross and net leverage, respectively, based on Adjusted EBITDA for the year ended December 31, 2017 of $97.2 million.

Shares of Townsquare Media, Inc. have been recently spotted trading -41.58% off of the 52-week high price. On the other end, company shares have been noted 21.02% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 6.28 – 13.01. Switching over to some distances from popular moving averages, we see that the stock has been recorded 3.89% away from the 50 day moving average and -16.52% away from the 200 day moving average. Moving closer, we can see that shares have been trading 7.87% off of the 20-day moving average.

Dorian Mcburney

Dorian Mcburney

Dorian Mcburney is an author, journalist and CEO of the website. He has more than 5 years of experience in institutional investment markets, including fixed income, equities, derivatives and real estate. He has a Bachelor in Business Administration with a major in Finance. He bought his first stocks in a private business at age 15 and made his first public stock trade at 23. He has always been interested in the stock market and how it behaves. As the dad of two children, he’s made saving money and investing for them a high priority. Over many years of investing, he has made some wise choices and he’s made many mistakes. But he’s learned from both. Mr. Dorian observations and experience give him the insight to stock market patterns and the investor behaviors that create them. He reports about Earnings news category. Address: 4946 Melody Lane, FARMINGTON, Minnesota Email: Dorianmcburney@stocksgeeks.com Contact number: 804-446-7372

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