Brokerages Expect Reading International Inc (RDI) to Post $0.14 Earnings Per Share

Reading International Inc (NASDAQ:RDI) has been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a 1 year consensus price target of $28.25 for the company and are expecting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Reading International an industry rank of 168 out of 265 based on the ratings given to its competitors.

RDI has been the subject of several recent research reports. B. Riley reiterated a “buy” rating and issued a $26.50 price target on shares of Reading International in a report on Wednesday, August 16th. BidaskClub upgraded Reading International from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research downgraded Reading International from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Finally, Gabelli started coverage on Reading International in a research note on Friday, December 1st. They set a “buy” rating for the company.

Several institutional investors have recently made changes to their positions in RDI. B. Riley Financial Inc. bought a new position in shares of Reading International during the third quarter worth about $204,000. Van Den Berg Management I Inc. lifted its position in shares of Reading International by 56.0% during the third quarter. Van Den Berg Management I Inc. now owns 295,085 shares of the company’s stock worth $4,639,000 after purchasing an additional 105,897 shares during the last quarter. Pinnacle Associates Ltd. bought a new position in shares of Reading International during the third quarter worth about $211,000. Dimensional Fund Advisors LP lifted its position in shares of Reading International by 3.7% during the third quarter. Dimensional Fund Advisors LP now owns 915,315 shares of the company’s stock worth $14,389,000 after purchasing an additional 32,645 shares during the last quarter. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Reading International by 13.6% during the third quarter. Jupiter Asset Management Ltd. now owns 236,377 shares of the company’s stock worth $3,716,000 after purchasing an additional 28,357 shares during the last quarter. Institutional investors own 35.17% of the company’s stock.

Shares of Reading International (NASDAQ RDI) traded up $0.06 on Tuesday, hitting $16.01. The company had a trading volume of 36,800 shares, compared to its average volume of 38,466. The company has a quick ratio of 1.55, a current ratio of 1.55 and a debt-to-equity ratio of 0.80. The stock has a market cap of $364.68, a price-to-earnings ratio of 27.98 and a beta of 1.30. Reading International has a twelve month low of $14.37 and a twelve month high of $17.18.

Reading International (NASDAQ:RDI) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.04). Reading International had a net margin of 8.70% and a return on equity of 8.16%. The company had revenue of $66.09 million during the quarter, compared to analyst estimates of $65.70 million. equities research analysts forecast that Reading International will post 1.15 EPS for the current year.

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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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