Reading International, Inc. (NASDAQ:RDI) – Equities researchers at B. Riley boosted their FY2018 earnings estimates for shares of Reading International in a research report issued on Monday, November 12th. B. Riley analyst E. Wold now forecasts that the company will earn $0.51 per share for the year, up from their prior estimate of $0.50. B. Riley currently has a “Buy” rating on the stock. B. Riley also issued estimates for Reading International’s Q2 2019 earnings at $0.27 EPS and Q4 2019 earnings at $0.19 EPS.

Several other research firms have also weighed in on RDI. Zacks Investment Research upgraded shares of Reading International from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research note on Saturday, August 18th. BidaskClub lowered shares of Reading International from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 29th.

Reading International stock opened at $15.24 on Thursday. The stock has a market cap of $346.44 million, a PE ratio of 11.72 and a beta of 1.38. Reading International has a fifty-two week low of $13.91 and a fifty-two week high of $17.50. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.89.

Reading International (NASDAQ:RDI) last released its quarterly earnings data on Wednesday, November 7th. The company reported $0.06 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.01. The company had revenue of $74.26 million for the quarter, compared to analyst estimates of $70.40 million. Reading International had a net margin of 5.46% and a return on equity of 6.57%.

In related news, insider James J. Cotter, Jr. sold 9,400 shares of the company’s stock in a transaction dated Thursday, August 23rd. The shares were sold at an average price of $16.18, for a total value of $152,092.00. Following the transaction, the insider now owns 298,587 shares in the company, valued at approximately $4,831,137.66. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Margaret Cotter sold 3,500 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $15.67, for a total transaction of $54,845.00. The disclosure for this sale can be found here. 26.95% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in RDI. UBS Group AG grew its stake in Reading International by 123.3% in the 1st quarter. UBS Group AG now owns 7,138 shares of the company’s stock valued at $119,000 after buying an additional 3,942 shares during the last quarter. Bessemer Group Inc. acquired a new position in Reading International in the 3rd quarter valued at about $193,000. MetLife Investment Advisors LLC grew its stake in Reading International by 60.9% in the 3rd quarter. MetLife Investment Advisors LLC now owns 13,679 shares of the company’s stock valued at $216,000 after buying an additional 5,175 shares during the last quarter. PEAK6 Investments LLC acquired a new position in Reading International in the 3rd quarter valued at about $251,000. Finally, First Trust Advisors LP grew its stake in Reading International by 37.7% in the 3rd quarter. First Trust Advisors LP now owns 24,922 shares of the company’s stock valued at $394,000 after buying an additional 6,822 shares during the last quarter. Institutional investors and hedge funds own 38.74% of the company’s stock.

Reading International Company Profile

Reading International, Inc engages in the ownership, development, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. The company operates in two segments, Theatrical Motion Picture Exhibition (Cinema Exhibition) and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.

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Earnings History and Estimates for Reading International (NASDAQ:RDI)

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