Reservoir Media (NASDAQ:RSVR) Releases Earnings Results

Reservoir Media (NASDAQ:RSVR) announced its quarterly earnings data on Wednesday. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.06, Zacks reports. Reservoir Media had a negative net margin of 0.22% and a positive return on equity of 0.85%. Reservoir Media updated its FY 2025 guidance to EPS.

Reservoir Media Stock Up 3.3 %

NASDAQ:RSVR traded up $0.27 during midday trading on Wednesday, hitting $8.40. 7,426 shares of the company were exchanged, compared to its average volume of 24,956. Reservoir Media has a fifty-two week low of $5.95 and a fifty-two week high of $9.83. The company has a market capitalization of $547.52 million, a PE ratio of -419.54, a price-to-earnings-growth ratio of 11.87 and a beta of 0.92. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.90. The company has a fifty day simple moving average of $8.67 and a 200 day simple moving average of $8.28.

Wall Street Analyst Weigh In

Separately, B. Riley boosted their target price on Reservoir Media from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, October 31st.

Reservoir Media Company Profile

Reservoir Media, Inc operates as a music publishing company. It operates through two segments, Music Publishing and Recorded Music. The Music Publishing segment acquires interests in music catalogs, as well as signs songwriters. The Recorded Music segment engages in the acquisition of sound recording catalogs; discovery and development of recording artists; and marketing, distribution, sale, and licensing of the music catalogs.