Reservoir Media (NASDAQ:RSVR) Announces Earnings Results

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

Reservoir Media Stock Performance

RSVR stock traded up $0.27 on Wednesday, reaching $8.40. 8,472 shares of the company were exchanged, compared to its average volume of 24,956. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25. Reservoir Media has a 12 month low of $5.95 and a 12 month high of $9.83. The stock’s fifty day moving average price is $8.67 and its 200 day moving average price is $8.28. The firm has a market capitalization of $547.52 million, a PE ratio of -419.54, a PEG ratio of 11.87 and a beta of 0.92.

Analysts Set New Price Targets

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

About Reservoir Media

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.