Reservoir Media (RSVR) to Release 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 $36.16 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Reservoir Media Price Performance

Reservoir Media stock opened at $8.00 on Tuesday. Reservoir Media has a 52-week low of $5.95 and a 52-week high of $9.83. The firm has a fifty day moving average of $8.70 and a 200-day moving average of $8.28. The firm has a market capitalization of $521.76 million, a P/E ratio of -399.80, a PEG ratio of 11.87 and a beta of 0.92. The company has a quick ratio of 1.25, a current ratio of 1.37 and a debt-to-equity ratio of 0.90.

Analyst Upgrades and Downgrades

Separately, B. Riley increased their price objective on shares of Reservoir Media from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Thursday, October 31st.

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.