Reservoir Media (RSVR) Projected to Post Quarterly Earnings on Wednesday

Reservoir Media (NASDAQ:RSVR) will likely be posting its quarterly earnings results before the market opens on Wednesday, February 5th. Analysts expect Reservoir Media to post earnings of $0.02 per share and revenue of $36.61 million for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Reservoir Media Stock Down 2.7 %

Shares of Reservoir Media stock opened at $8.15 on Wednesday. The business’s 50 day simple moving average is $8.77 and its 200 day simple moving average is $8.27. Reservoir Media has a 52-week low of $5.95 and a 52-week high of $9.83. The firm has a market cap of $531.54 million, a PE ratio of -407.30, a P/E/G ratio of 11.61 and a beta of 0.94. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.37.

Wall Street Analyst Weigh In

Separately, B. Riley lifted their target price on 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.