Reading International (NASDAQ:RDI) Announces Earnings Results, Misses Expectations By $0.10 EPS

by · The Cerbat Gem

Reading International (NASDAQ:RDI – Get Free Report) posted its earnings results on Friday. The company reported ($0.36) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.10), Zacks reports. The company had revenue of $45.12 million during the quarter, compared to analysts’ expectations of $48.13 million.

Reading International Trading Up 1.0%

NASDAQ:RDI opened at $1.06 on Friday. The firm has a market cap of $24.08 million, a price-to-earnings ratio of -1.38 and a beta of 0.80. The company’s 50-day moving average is $1.11 and its two-hundred day moving average is $1.14. Reading International has a 12-month low of $0.94 and a 12-month high of $1.65.

Analysts Set New Price Targets

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Reading International in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Reading International currently has a consensus rating of “Sell”.

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About Reading International

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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.

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