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. This segment operates its cinema exhibition businesses under the Reading Cinemas, Angelika Film Centers, Consolidated Theatres, City Cinemas, and Rialto brands. The Real Estate segment owns, develops, rents, or licenses retail, commercial, and live theater assets. As of December 31, 2017, the company had interests in 58 cinemas comprising approximately 473 screens; fee interests in 3 live theaters; fee interest in 1 cinema in New York City; fee interests in 2 cinemas in Australia and 4 cinemas in New Zealand; fee interest in Union Square property; entertainment-themed centers; interest in 70.4 acres of vacant land; interest in 202 acres of vacant land; fee interest in 2 office buildings; and fee ownership of approximately 20.7 million square feet of developed and undeveloped real estate assets. Reading International, Inc. was founded in 1937 and is headquartered in Culver City, California.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Motion picture theaters
Sub-IndustryMovies & Entertainment
SectorConsumer Discretionary
Current SymbolNASDAQ:RDI
Previous Symbol
CUSIP75540810
Phone213-235-2240
Debt
Debt-to-Equity Ratio0.89
Current Ratio0.78
Quick Ratio0.78
Price-To-Earnings
Trailing P/E Ratio11.55
Forward P/E Ratio29.57
P/E GrowthN/A
Sales & Book Value
Annual Sales$279.73 million
Price / Sales1.24
Cash Flow$2.1120 per share
Price / Cash7.14
Book Value$7.82 per share
Price / Book1.93
Profitability
EPS (Most Recent Fiscal Year)$1.30
Net Income$30.99 million
Net Margins5.46%
Return on Equity6.57%
Return on Assets2.77%
Miscellaneous
Employees2,585
Outstanding Shares22,990,000
Market Cap$348.51 million
OptionableOptionable
Reading International (NASDAQ:RDI) Frequently Asked Questions
What is Reading International's stock symbol?
Reading International trades on the NASDAQ under the ticker symbol "RDI."
How will Reading International's stock buyback program work?
Reading International declared that its Board of Directors has approved a stock repurchase program on Wednesday, April 12th 2017, which authorizes the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to buy up to 6.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is undervalued.
How were Reading International's earnings last quarter?
Reading International, Inc. (NASDAQ:RDI) issued its quarterly earnings data on Wednesday, November, 7th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.01. The firm had revenue of $74.26 million for the quarter, compared to analysts' expectations of $70.40 million. Reading International had a return on equity of 6.57% and a net margin of 5.46%. View Reading International's Earnings History.
When is Reading International's next earnings date?
What price target have analysts set for RDI?
2 brokers have issued 12 month price objectives for Reading International's shares. Their forecasts range from $23.50 to $23.50. On average, they anticipate Reading International's share price to reach $23.50 in the next year. This suggests a possible upside of 55.8% from the stock's current price. View Analyst Price Targets for Reading International.
What is the consensus analysts' recommendation for Reading International?
2 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Reading International in the last year. There are currently 2 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Reading International.
Has Reading International been receiving favorable news coverage?
Headlines about RDI stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Reading International earned a news impact score of 1.5 on InfoTrie's scale. They also assigned headlines about the company a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an impact on the company's share price in the near term.
Who are some of Reading International's key competitors?
Some companies that are related to Reading International include Sonos (SONO), La-Z-Boy (LZB), XTEP Intl HOLDI/ADR (XTEPY), OneSmart International Edun Gr (ONE), Casa Systems (CASA), GreenTree Hospitality Group (GHG), Sleep Number (SNBR), Imax (IMAX), Marcus (MCS), Ted Baker (TBAKF), Tailored Brands (TLRD), American Woodmark (AMWD), NutriSystem (NTRI), Party City Holdco (PRTY) and Playa Hotels & Resorts (PLYA).
Who are Reading International's key executives?
Reading International's management team includes the folowing people:
- Ms. Ellen Marie Cotter, Chairperson of the Board, CEO & Pres (Age 52)
- Ms. Margaret Cotter, Vice Chairperson, Exec. VP of Real Estate Management & Devel.-NYC (Age 50)
- Mr. Devasis Ghose, Exec. VP, CFO & Treasurer (Age 64)
- Mr. Andrzej J. Matyczynski, Exec. VP of Global Operations (Age 65)
- Mr. Robert F. Smerling, Pres of Domestic Cinemas (Age 83)
Who are Reading International's major shareholders?
Reading International's stock is owned by a number of of retail and institutional investors. Top institutional shareholders include Dimensional Fund Advisors LP (5.00%), Renaissance Technologies LLC (4.12%), BlackRock Inc. (3.88%), Teton Advisors Inc. (2.15%), Eidelman Virant Capital (2.01%) and Gamco Investors INC. ET AL (1.14%). Company insiders that own Reading International stock include James J Cotter Jr and Margaret Cotter. View Institutional Ownership Trends for Reading International.
Which major investors are selling Reading International stock?
RDI stock was sold by a variety of institutional investors in the last quarter, including Glacier Peak Capital LLC, Renaissance Technologies LLC, Mackenzie Financial Corp, Bridgeway Capital Management Inc., Bank of New York Mellon Corp and TIAA CREF Investment Management LLC. Company insiders that have sold Reading International company stock in the last year include James J Cotter Jr and Margaret Cotter. View Insider Buying and Selling for Reading International.
Which major investors are buying Reading International stock?
RDI stock was bought by a variety of institutional investors in the last quarter, including Dimensional Fund Advisors LP, Walthausen & Co. LLC, Gamco Investors INC. ET AL, Martingale Asset Management L P, First Foundation Advisors, PEAK6 Investments LLC, BlackRock Inc. and Bessemer Group Inc.. View Insider Buying and Selling for Reading International.
How do I buy shares of Reading International?
Shares of RDI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Reading International's stock price today?
One share of RDI stock can currently be purchased for approximately $15.08.
How big of a company is Reading International?
Reading International has a market capitalization of $348.51 million and generates $279.73 million in revenue each year. The company earns $30.99 million in net income (profit) each year or $1.30 on an earnings per share basis. Reading International employs 2,585 workers across the globe.
What is Reading International's official website?
How can I contact Reading International?
Reading International's mailing address is 5995 SEPULVEDA BOULEVARD SUITE 300, CULVER CITY CA, 90230. The company can be reached via phone at 213-235-2240 or via email at [email protected]
MarketBeat Community Rating for Reading International (NASDAQ RDI)
MarketBeat's community ratings are surveys of what our community members think about Reading International and other stocks. Vote "Outperform" if you believe RDI will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RDI will underperform the S&P 500 over the long term. You may vote once every thirty days.
