Reading International Inc (NASDAQ:RDI) Releases Earnings Results, Beats Expectations By $0.14 EPS
Reading International Inc (NASDAQ:RDI) issued its quarterly earnings results on Tuesday. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14, reports. Reading International had a return on equity of 7.69% and a net margin of 3.71%.
Shares of Reading International (RDI) traded up 0.97% during mid-day trading on Tuesday, hitting $15.63. The stock had a trading volume of 10,860 shares. Reading International has a 1-year low of $12.54 and a 1-year high of $17.18. The company has a market cap of $362.35 million, a P/E ratio of 35.68 and a beta of 1.33. The firm’s 50 day moving average price is $15.85 and its 200 day moving average price is $15.82.
A number of brokerages have recently commented on RDI. Zacks Investment Research upgraded Reading International from a “sell” rating to a “hold” rating in a report on Tuesday. TheStreet upgraded Reading International from a “c+” rating to a “b” rating in a report on Friday, June 2nd. Finally, B. Riley restated a “buy” rating and issued a $26.50 price target on shares of Reading International in a report on Saturday, May 20th.
In other news, insider James J. Cotter, Jr. sold 5,112 shares of the firm’s stock in a transaction dated Friday, June 23rd. The stock was 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 Securities & Exchange Commission, which is available through this link. Company insiders own 26.75% of the company’s stock.
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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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