Reservoir Media (NASDAQ:RSVR) Issues Quarterly Earnings Results

Reservoir Media (NASDAQ:RSVR) issued its quarterly earnings results on Wednesday. The company reported $0.08 EPS for the quarter, topping the consensus estimate 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 Price Performance

NASDAQ:RSVR opened at $8.21 on Friday. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.37. The firm has a market cap of $535.46 million, a price-to-earnings ratio of -410.29, a P/E/G ratio of 11.87 and a beta of 0.92. Reservoir Media has a 52 week low of $5.95 and a 52 week high of $9.83. The firm’s 50-day simple moving average is $8.63 and its 200 day simple moving average is $8.28.

Wall Street Analyst Weigh In

Separately, B. Riley raised their target price on shares of Reservoir Media from $11.50 to $12.50 and gave the company 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.