Reservoir Media (NASDAQ:RSVR) Issues Quarterly Earnings Results

Reservoir Media (NASDAQ:RSVR) issued its earnings results 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 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 Price Performance

RSVR stock opened at $8.21 on Friday. Reservoir Media has a 1 year low of $5.95 and a 1 year high of $9.83. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 1.25. The stock 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. The company has a 50 day simple moving average of $8.63 and a 200 day simple moving average of $8.28.

Analyst Upgrades and Downgrades

Separately, B. Riley raised their price objective on Reservoir Media from $11.50 to $12.50 and gave the company a “buy” rating in a research note 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.