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

Reservoir Media (NASDAQ:RSVR) announced its quarterly earnings results on Wednesday. The company reported $0.08 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 Up 3.3 %

NASDAQ RSVR traded up $0.27 during trading on Wednesday, hitting $8.40. 8,472 shares of the company traded hands, compared to its average volume of 24,956. Reservoir Media has a 12 month low of $5.95 and a 12 month high of $9.83. The business has a fifty day simple moving average of $8.67 and a 200 day simple moving average of $8.28. The company has a market capitalization of $547.52 million, a P/E ratio of -419.54, a PEG ratio of 11.87 and a beta of 0.92. The company has a current ratio of 1.37, a quick ratio of 1.25 and a debt-to-equity ratio of 0.90.

Analysts Set New Price Targets

Separately, B. Riley boosted their target price on shares of Reservoir Media from $11.50 to $12.50 and gave the stock a “buy” rating in a research report 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.