Analysts Issue Forecasts for Reservoir Media FY2027 Earnings

Reservoir Media, Inc. (NASDAQ:RSVR) – Stock analysts at Roth Capital issued their FY2027 earnings estimates for shares of Reservoir Media in a research report issued on Tuesday, August 5th. Roth Capital analyst R. Baldry anticipates that the company will earn $0.22 per share for the year. The consensus estimate for Reservoir Media’s current full-year earnings is $0.11 per share.

RSVR has been the subject of a number of other reports. B. Riley reiterated a “buy” rating and set a $11.50 price objective (down from $12.50) on shares of Reservoir Media in a research note on Friday, June 6th. Wall Street Zen upgraded Reservoir Media from a “sell” rating to a “hold” rating in a research note on Monday, June 23rd.

Reservoir Media Trading Down 0.7%

Shares of NASDAQ:RSVR opened at $7.55 on Friday. The stock has a 50 day moving average of $7.64 and a 200 day moving average of $7.58. The company has a market cap of $494.98 million, a PE ratio of 68.64, a price-to-earnings-growth ratio of 6.57 and a beta of 0.89. The company has a current ratio of 1.29, a quick ratio of 1.20 and a debt-to-equity ratio of 1.05. Reservoir Media has a 12-month low of $6.56 and a 12-month high of $9.83.

Reservoir Media (NASDAQ:RSVR) last announced its quarterly earnings data on Tuesday, August 5th. The company reported ($0.01) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.01). The company had revenue of $37.16 billion during the quarter, compared to the consensus estimate of $36.88 million. Reservoir Media had a return on equity of 2.07% and a net margin of 4.67%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RSVR. JPMorgan Chase & Co. boosted its stake in Reservoir Media by 58.9% in the 4th quarter. JPMorgan Chase & Co. now owns 104,146 shares of the company’s stock worth $943,000 after purchasing an additional 38,609 shares during the period. Wells Fargo & Company MN boosted its stake in Reservoir Media by 22.4% in the 4th quarter. Wells Fargo & Company MN now owns 13,851 shares of the company’s stock worth $125,000 after purchasing an additional 2,531 shares during the period. Barclays PLC boosted its stake in Reservoir Media by 9.1% in the 4th quarter. Barclays PLC now owns 66,537 shares of the company’s stock worth $603,000 after purchasing an additional 5,549 shares during the period. Dimensional Fund Advisors LP boosted its stake in Reservoir Media by 18.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 352,568 shares of the company’s stock worth $3,191,000 after purchasing an additional 55,396 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Reservoir Media by 2.5% during the 4th quarter. Northern Trust Corp now owns 203,686 shares of the company’s stock valued at $1,843,000 after acquiring an additional 4,983 shares during the last quarter. 44.38% of the stock is currently owned by institutional investors.

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.