Reading International Inc (RDI) Scheduled to Post Quarterly Earnings on Monday
Reading International Inc (NASDAQ:RDI) will be announcing its earnings results before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.11 per share for the quarter.
A number of research analysts have recently commented on the stock. B. Riley reaffirmed a “buy” rating and set a $26.50 price objective on shares of Reading International in a research note on Wednesday, August 16th. BidaskClub upgraded Reading International from a “hold” rating to a “buy” rating in a report on Friday, September 15th. Finally, Zacks Investment Research raised Reading International from a “sell” rating to a “hold” rating in a research report on Tuesday, August 8th.
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In related news, insider James J. Cotter, Jr. sold 9,888 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $15.62, for a total value of $154,450.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 25.57% of the company’s stock.
About Reading International
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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