Reading International (NASDAQ:RDI) Issues Earnings Results

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

Reading International Stock Up 10.3%

RDI traded up $0.15 during trading on Friday, hitting $1.61. 252,320 shares of the stock were exchanged, compared to its average volume of 50,385. The firm has a market capitalization of $36.58 million, a P/E ratio of -2.09 and a beta of 0.77. Reading International has a 1-year low of $0.94 and a 1-year high of $1.68. The stock has a fifty day moving average price of $1.35 and a two-hundred day moving average price of $1.19.

Analyst Ratings Changes

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