Reading International Inc (RDI) Set to Announce Quarterly Earnings on Tuesday
Reading International Inc (NASDAQ:RDI) will issue its quarterly earnings data before the market opens on Tuesday, August 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Reading International (NASDAQ:RDI) last released its earnings results on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.02. Reading International had a net margin of 3.71% and a return on equity of 7.69%. The business had revenue of $69.45 million for the quarter, compared to the consensus estimate of $71.80 million. On average, analysts expect Reading International to post $0.61 EPS for the current fiscal year and $0.66 EPS for the next fiscal year.
Reading International Inc (NASDAQ:RDI) traded down 0.45% during mid-day trading on Monday, hitting $15.50. 437 shares of the company were exchanged. The company has a 50 day moving average of $15.92 and a 200 day moving average of $15.83. Reading International Inc has a 12-month low of $12.54 and a 12-month high of $17.18. The stock has a market cap of $359.34 million, a P/E ratio of 35.39 and a beta of 1.33.
In related news, insider James J. Cotter, Jr. sold 5,112 shares of the stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $15.51, for a total value of $79,287.12. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 26.75% of the company’s stock.
RDI has been the topic of several recent research reports. B. Riley reaffirmed a “buy” rating and issued a $26.50 target price 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 lowered shares of Reading International from a “hold” rating to a “sell” rating in a research note on Tuesday, July 18th.
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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