Reservoir Media (RSVR) to Release Earnings on Wednesday

Reservoir Media (NASDAQ:RSVR) is set to announce its earnings results before the market opens on Wednesday, July 31st. Reservoir Media has set its FY 2025 guidance at EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Reservoir Media (NASDAQ:RSVR) last released its earnings results on Thursday, May 30th. The company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.03. Reservoir Media had a net margin of 0.44% and a return on equity of 1.14%. The business had revenue of $39.15 million during the quarter, compared to the consensus estimate of $35.36 million. On average, analysts expect Reservoir Media to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Reservoir Media Stock Performance

Reservoir Media stock opened at $8.39 on Tuesday. Reservoir Media has a 52-week low of $5.19 and a 52-week high of $9.20. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.07 and a current ratio of 1.17. The firm has a 50 day moving average price of $7.67 and a two-hundred day moving average price of $7.61.

Insider Activity at Reservoir Media

In related news, major shareholder Hassan Khosrowshahi bought 300,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 4th. The shares were acquired at an average cost of $8.00 per share, with a total value of $2,400,000.00. Following the completion of the purchase, the insider now directly owns 28,526,573 shares in the company, valued at $228,212,584. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Hassan Khosrowshahi bought 300,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were bought at an average cost of $8.00 per share, with a total value of $2,400,000.00. Following the completion of the transaction, the insider now directly owns 28,526,573 shares of the company’s stock, valued at $228,212,584. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Adam Rothstein purchased 4,016 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were acquired at an average price of $7.01 per share, with a total value of $28,152.16. Following the purchase, the director now directly owns 272,256 shares in the company, valued at approximately $1,908,514.56. The disclosure for this purchase can be found here. 27.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, B. Riley lifted their target price on shares of Reservoir Media from $11.00 to $11.50 and gave the stock a “buy” rating in a research note on Friday, May 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.