Reading International Inc (NASDAQ:RDI) has received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.
Brokerages have set a 1 year consensus target price of $26.50 for the company and are anticipating that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also given Reading International an industry rank of 117 out of 265 based on the ratings given to its competitors.
RDI has been the topic of several recent research reports. BidaskClub downgraded Reading International from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Zacks Investment Research cut Reading International from a “hold” rating to a “sell” rating in a research report on Friday, November 17th. Finally, B. Riley reissued a “buy” rating and issued a $26.50 price target on shares of Reading International in a report on Wednesday, August 16th.
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Reading International (NASDAQ:RDI) traded up $0.12 on Wednesday, reaching $15.40. The company’s stock had a trading volume of 31,100 shares, compared to its average volume of 37,888. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.55 and a quick ratio of 1.55. The stock has a market capitalization of $366.18, a price-to-earnings ratio of 26.81 and a beta of 1.32. Reading International has a 52 week low of $14.37 and a 52 week 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 for the quarter, missing the consensus estimate of $0.11 by ($0.04). The company had revenue of $66.09 million for the quarter, compared to analysts’ expectations of $65.70 million. Reading International had a net margin of 8.70% and a return on equity of 8.16%. research analysts predict that Reading International will post 1.15 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of RDI. Rhumbline Advisers lifted its position in shares of Reading International by 1.4% during the 2nd quarter. Rhumbline Advisers now owns 19,715 shares of the company’s stock valued at $318,000 after acquiring an additional 270 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of Reading International by 2.6% in the second quarter. Wells Fargo & Company MN now owns 12,258 shares of the company’s stock valued at $198,000 after buying an additional 312 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Reading International by 5.1% in the first quarter. Goldman Sachs Group Inc. now owns 10,725 shares of the company’s stock valued at $167,000 after buying an additional 521 shares during the period. American International Group Inc. raised its position in Reading International by 7.2% in the first quarter. American International Group Inc. now owns 10,368 shares of the company’s stock worth $161,000 after purchasing an additional 695 shares in the last quarter. Finally, Wilen Investment Management CORP. raised its position in Reading International by 2.4% in the second quarter. Wilen Investment Management CORP. now owns 63,342 shares of the company’s stock worth $998,000 after purchasing an additional 1,500 shares in the last quarter. 34.89% of the stock is owned by institutional investors.
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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