Reservoir Media (NASDAQ:RSVR) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Reservoir Media (NASDAQ:RSVR) posted its 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 Stock Performance

Shares of RSVR traded down $0.01 on Thursday, reaching $8.30. 2,632 shares of the company’s stock traded hands, compared to its average volume of 25,152. The stock’s 50 day simple moving average is $8.65 and its two-hundred day simple moving average is $8.28. The stock has a market cap of $541.00 million, a PE ratio of -418.04, a PEG 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 company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.90.

Wall Street Analysts Forecast Growth

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