Reading International, Inc. Expected to Earn Q1 2018 Earnings of $0.11 Per Share (RDI)

Reading International, Inc. (NASDAQ:RDI) – Equities research analysts at B. Riley issued their Q1 2018 EPS estimates for shares of Reading International in a research note issued to investors on Thursday. B. Riley analyst E. Wold forecasts that the company will earn $0.11 per share for the quarter. B. Riley currently has a “Buy” rating and a $23.50 target price on the stock. B. Riley also issued estimates for Reading International’s Q2 2018 earnings at $0.23 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.56 EPS, Q1 2019 earnings at $0.21 EPS, Q2 2019 earnings at $0.28 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.22 EPS and FY2019 earnings at $0.87 EPS.

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Reading International (NASDAQ:RDI) last announced its quarterly earnings data on Friday, March 16th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.03). Reading International had a net margin of 11.08% and a return on equity of 8.22%. The firm had revenue of $71.78 million during the quarter, compared to the consensus estimate of $77.50 million.

RDI has been the topic of a number of other reports. BidaskClub upgraded Reading International from a “strong sell” rating to a “sell” rating in a research note on Saturday, February 24th. Zacks Investment Research upgraded Reading International from a “sell” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Gabelli initiated coverage on Reading International in a research note on Friday, December 1st. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. Reading International has an average rating of “Hold” and a consensus price target of $23.50.

Shares of Reading International (RDI) opened at $16.60 on Monday. Reading International has a 52 week low of $14.37 and a 52 week high of $17.50. The stock has a market capitalization of $373.61, a PE ratio of 12.35 and a beta of 1.26. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.68.

In other news, insider James J. Cotter, Jr. sold 25,000 shares of the company’s stock in a transaction dated Wednesday, March 21st. The stock was sold at an average price of $16.80, for a total transaction of $420,000.00. Following the sale, the insider now directly owns 352,987 shares in the company, valued at $5,930,181.60. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider James J. Cotter, Jr. sold 15,000 shares of the company’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of $16.54, for a total value of $248,100.00. Following the sale, the insider now owns 352,987 shares in the company, valued at $5,838,404.98. The disclosure for this sale can be found here. Insiders own 25.57% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Metropolitan Life Insurance Co. NY bought a new stake in shares of Reading International during the fourth quarter valued at about $106,000. MetLife Investment Advisors LLC bought a new stake in shares of Reading International during the fourth quarter valued at about $142,000. JPMorgan Chase & Co. increased its position in shares of Reading International by 771.1% during the third quarter. JPMorgan Chase & Co. now owns 9,260 shares of the company’s stock valued at $146,000 after buying an additional 8,197 shares during the period. B. Riley Financial Inc. bought a new stake in shares of Reading International during the third quarter valued at about $204,000. Finally, AXA bought a new stake in shares of Reading International during the fourth quarter valued at about $219,000. Hedge funds and other institutional investors own 36.49% of the company’s stock.

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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.

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

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