Reservoir Media (RSVR) Set to Announce Quarterly Earnings on Wednesday

Reservoir Media (NASDAQ:RSVR) is scheduled to be posting its quarterly 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 issued its earnings results on Thursday, May 30th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.01 by $0.03. Reservoir Media had a net margin of 0.44% and a return on equity of 1.14%. The company had revenue of $39.15 million for 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 Trading Down 2.6 %

RSVR opened at $8.39 on Tuesday. The company has a quick ratio of 1.07, a current ratio of 1.17 and a debt-to-equity ratio of 0.93. The firm’s 50-day simple moving average is $7.67 and its 200-day simple moving average is $7.61. Reservoir Media has a twelve month low of $5.19 and a twelve month high of $9.20.

Analysts Set New Price Targets

Separately, B. Riley upped their price objective 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.

Insider Buying and Selling at Reservoir Media

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

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.