Reading International (NASDAQ:RDI) Releases Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Reading International (NASDAQ:RDI) released its quarterly earnings data on Friday. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.06 by $0.04, Zacks reports. The firm had revenue of $66.90 million for the quarter, compared to analyst estimates of $63.47 million.

Reading International Price Performance

Shares of NASDAQ:RDI opened at $1.61 on Friday. The stock has a market capitalization of $36.57 million, a P/E ratio of -2.93 and a beta of 0.77. The business has a 50-day moving average of $1.35 and a two-hundred day moving average of $1.19. Reading International has a fifty-two week low of $0.94 and a fifty-two week high of $1.68.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Reading International in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company has a consensus rating of “Sell”.

Reading International Company Profile

Reading International, Inc (NASDAQ: RDI) is a diversified entertainment and real estate company headquartered in Santa Monica, California. The company’s principal operating arm is Reading Cinemas, a chain of multiplex movie theaters serving audiences in Australia, New Zealand and the United States. Reading Cinemas locations feature a mix of mainstream and independent film programming, premium large-format screens, special event presentations and concession services designed to enhance the customer experience.

In addition to its exhibition business, Reading International maintains a real estate development and management division focused on retail, office and mixed-use properties.