Reading International (RDIB) Expected to Post Quarterly Earnings on Thursday

Reading International (NASDAQ:RDIB) is expected to be announcing its results before the market opens on Thursday, November 12th. Analysts expect the company to post earnings of ($0.0653) per share and revenue of $58.56 million for the quarter.

Reading International Stock Performance

Shares of RDIB opened at $9.81 on Tuesday. The firm’s 50-day moving average is $13.57 and its two-hundred day moving average is $10.90. Reading International has a twelve month low of $8.00 and a twelve month high of $24.00.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut Reading International from a “sell (d-)” rating to a “sell (e+)” rating in a report on Thursday, October 8th. One research analyst has rated the stock with a Sell rating. According to MarketBeat.com, the company presently has an average rating of “Sell”.

About Reading International

Reading International, Inc is an entertainment and real estate company that operates cinemas and owns, develops and manages real estate assets. Its cinema business includes multiplex theaters and specialty film venues designed to offer mainstream and independent films, premium viewing experiences, and related concessions and services.

The company operates cinemas under the Reading Cinemas and Angelika Film Center brands. Its cinema operations serve customers in the United States, Australia and New Zealand, with locations offering a combination of conventional movie screens, luxury amenities and curated programming, depending on the market.

Reading International also owns and manages commercial real estate, including properties associated with its theater operations and other development projects.