Roth Capital Forecasts Reservoir Media FY2027 Earnings

Key Points

• Roth Capital predicts that Reservoir Media will achieve earnings per share of $0.22 in FY2027, significantly higher than the current consensus estimate of $0.11.
• Reservoir Media's stock has a market capitalization of approximately $496.63 million and is currently trading around $7.61, with a 52-week range of $6.56 to $9.83.
• Several institutional investors recently increased their stakes in Reservoir Media, with noteworthy growth such as First Pacific Advisors LP growing its position by over 4,900% in the second quarter.

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

Reservoir Media (NASDAQ:RSVR - Get Free Report) last released its earnings results on Tuesday, August 5th. The company reported ($0.01) earnings per share for the quarter, hitting 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%.

A number of other analysts have also weighed in on the stock. Wall Street Zen upgraded shares of Reservoir Media from a "sell" rating to a "hold" rating in a report on Monday, June 23rd. B. Riley reiterated a "buy" rating and issued a $11.50 price objective (down previously from $12.50) on shares of Reservoir Media in a report on Friday, June 6th.

Reservoir Media Trading Up 0.4%

RSVR stock traded up $0.03 during midday trading on Friday, hitting $7.73. The company had a trading volume of 68,397 shares, compared to its average volume of 57,342. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 1.05. Reservoir Media has a 52 week low of $6.56 and a 52 week high of $9.83. The stock's 50 day moving average price is $7.64 and its 200 day moving average price is $7.57. The stock has a market cap of $506.78 million, a price-to-earnings ratio of 70.28, a PEG ratio of 6.57 and a beta of 0.89.

Insider Activity at Reservoir Media

In other news, Director Adam Rothstein sold 48,430 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $7.50, for a total value of $363,225.00. Following the sale, the director directly owned 166,465 shares of the company's stock, valued at approximately $1,248,487.50. This represents a 22.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 27.00% of the company's stock.

Institutional Investors Weigh In On Reservoir Media

Several institutional investors have recently modified their holdings of RSVR. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Reservoir Media during the second quarter valued at $34,000. First Pacific Advisors LP purchased a new stake in shares of Reservoir Media during the first quarter valued at $50,000. BNP Paribas Financial Markets purchased a new stake in shares of Reservoir Media during the fourth quarter valued at $51,000. Corton Capital Inc. bought a new position in Reservoir Media in the first quarter valued at about $105,000. Finally, Wells Fargo & Company MN lifted its holdings in Reservoir Media by 22.4% in the fourth quarter. Wells Fargo & Company MN now owns 13,851 shares of the company's stock valued at $125,000 after acquiring an additional 2,531 shares during the period. 44.38% of the stock is owned by hedge funds and other institutional investors.

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.