Reservoir Media (NASDAQ:RSVR) Posts Quarterly Earnings Results

Reservoir Media (NASDAQ:RSVR - Get Free Report) announced its quarterly 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 net margin of 5.04% and a return on equity of 2.20%. Reservoir Media updated its FY 2025 guidance to EPS.

Reservoir Media Stock Down 3.0 %

Shares of NASDAQ:RSVR traded down $0.25 during mid-day trading on Friday, reaching $7.96. 21,804 shares of the stock were exchanged, compared to its average volume of 24,402. The stock's 50 day simple moving average is $8.60 and its 200-day simple moving average is $8.28. Reservoir Media has a one year low of $5.96 and a one year high of $9.83. The company has a market cap of $519.23 million, a P/E ratio of 72.37, a P/E/G ratio of 11.73 and a beta of 0.92. The company has a quick ratio of 1.25, a current ratio of 1.20 and a debt-to-equity ratio of 1.03.

Analyst Upgrades and Downgrades

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