Reservoir Media (RSVR) to Release Earnings on Wednesday

Reservoir Media (NASDAQ:RSVR) is expected to be issuing its quarterly earnings data before the market opens on Wednesday, February 5th. Analysts expect the company to announce earnings of $0.02 per share and revenue of $36.16 million for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Reservoir Media Price Performance

NASDAQ RSVR opened at $8.00 on Tuesday. Reservoir Media has a one year low of $5.95 and a one year high of $9.83. The stock has a 50-day moving average of $8.70 and a 200 day moving average of $8.28. The company has a market capitalization of $521.76 million, a price-to-earnings ratio of -399.80, a PEG ratio of 11.87 and a beta of 0.92. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.25 and a current ratio of 1.37.

Analysts Set New Price Targets

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 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.