Reading International Inc (RDI) Announces Earnings Results
Reading International Inc (NASDAQ:RDI) announced its quarterly earnings data on Tuesday. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14, reports. Reading International had a net margin of 3.71% and a return on equity of 7.69%.
Shares of Reading International (NASDAQ RDI) traded up 0.97% during trading on Tuesday, reaching $15.63. 10,860 shares of the company’s stock were exchanged. The stock has a market cap of $362.35 million, a PE ratio of 35.68 and a beta of 1.33. Reading International has a 52-week low of $12.54 and a 52-week high of $17.18. The stock’s 50 day moving average price is $15.85 and its 200-day moving average price is $15.82.
In other news, insider James J. Cotter, Jr. sold 5,112 shares of the company’s stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $15.51, for a total value of $79,287.12. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 26.75% of the company’s stock.
A number of equities analysts have issued reports on RDI shares. B. Riley reaffirmed a “buy” rating and issued a $26.50 price objective on shares of Reading International in a research note on Monday, May 15th. TheStreet raised shares of Reading International from a “c+” rating to a “b” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research cut shares of Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
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Reading International Company Profile
Reading International, Inc (RDI) is engaged in the development, ownership and operation of multiplex cinemas in the United States, Australia, and New Zealand, and the development, ownership and operation of retail and commercial real estate in the United States, Australia and New Zealand. RDI operates through two segments: cinema exhibition and real estate.
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