About Reading International (NASDAQ:RDI)
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
Industry Motion picture theaters
Sub-IndustryMovies & Entertainment
SectorConsumer Discretionary
SymbolNASDAQ:RDI
CUSIP75540810
Phone213-235-2240
Debt
Debt-to-Equity Ratio0.68%
Current Ratio0.63%
Quick Ratio0.63%
Price-To-Earnings
Trailing P/E Ratio12.21
Forward P/E Ratio28.46
P/E GrowthN/A
Sales & Book Value
Annual Sales$279.73 million
Price / Sales1.32
Cash Flow$2.1454 per share
Price / Cash7.43
Book Value$7.90 per share
Price / Book2.02
Profitability
EPS (Most Recent Fiscal Year)$1.30
Net Income$30.99 million
Net Margins11.08%
Return on Equity8.22%
Return on Assets3.40%
Miscellaneous
Employees2,585
Outstanding Shares23,180,000
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 authorized a share buyback plan on Wednesday, April 12th 2017, which permits the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 6.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its shares are undervalued.
How were Reading International's earnings last quarter?
Reading International (NASDAQ:RDI) posted its quarterly earnings results on Friday, March, 16th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by $0.03. The business earned $71.78 million during the quarter, compared to analyst estimates of $77.50 million. Reading International had a net margin of 11.08% and a return on equity of 8.22%. View Reading International's Earnings History.
When is Reading International's next earnings date?
What price target have analysts set for RDI?
2 analysts have issued 1 year price objectives for Reading International's shares. Their predictions range from $23.50 to $23.50. On average, they expect Reading International's stock price to reach $23.50 in the next twelve months. View Analyst Ratings for Reading International.
Who are some of Reading International's key competitors?
Some companies that are related to Reading International include Golden Entertainment (GDEN), 500.Com (WBAI), Malibu Boats (MBUU), American Public Education (APEI), Empire Resorts (NYNY), Johnson Outdoors (JOUT), Kimball International (KBAL), WideOpenWest (WOW), Eros International (EROS), Glu Mobile (GLUU), Central European Media Enterprises (CETV), K12 (LRN), Duluth (DLTH), Civeo (CVEO), Lindblad Expeditions (LIND), Rent-A-Center (RCII), RYB Education (RYB) and Care.com (CRCM).
Who are Reading International's key executives?
Reading International's management team includes the folowing people:
- Ms. Ellen Marie Cotter, Chairperson of the Board, Pres & CEO (Age 52)
- Ms. Margaret Cotter, Vice Chairperson, Exec. VP of Real Estate Management & Devel.-NYC (Age 50)
- Mr. Devasis Ghose, Exec. VP, Treasurer & CFO (Age 64)
- Mr. Andrzej J. Matyczynski, Exec. VP of Global Operations (Age 65)
- Mr. Robert F. Smerling, Pres of US Cinemas (Age 83)
Has Reading International been receiving favorable news coverage?
News articles about RDI stock have been trending somewhat negative on Monday, according to Accern. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Reading International earned a media sentiment score of -0.02 on Accern's scale. They also gave news coverage about the company an impact score of 46.14 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
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 $15.91.
How big of a company is Reading International?
Reading International has a market capitalization of $365.50 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.
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 (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.
Reading International (NASDAQ:RDI) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
2 Wall Street analysts have issued ratings and price targets for Reading International in the last 12 months. Their average twelve-month price target is $23.50, suggesting that the stock has a possible upside of 47.43%. The high price target for RDI is $23.50 and the low price target for RDI is $23.50. There are currently 2 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $23.50 | $23.50 | $26.50 | $26.50 |
| Price Target Upside: | 47.43% upside | 41.57% upside | 65.94% upside | 65.32% upside |
Reading International (NASDAQ:RDI) Consensus Price Target History
Reading International (NASDAQ:RDI) Analyst Ratings History
Show:
| Date | Brokerage | Action | Rating | Price Target | Impact on Share Price | Details |
|---|
| 3/22/2018 | B. Riley | Lower Price Target | Buy -> Buy | $26.50 -> $23.50 | Low |  |
| 12/1/2017 | Gabelli | Initiated Coverage | Buy -> Buy | | Medium | |
(Data available from 4/23/2016 forward)
Reading International (NASDAQ:RDI) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
Reading International (NASDAQ RDI) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 25.57%
Institutional Ownership Percentage: 36.03%
Reading International (NASDAQ RDI) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 3/23/2018 | James J Cotter Jr | Insider | Sell | 15,000 | $16.54 | $248,100.00 | 352,987 | |
| 3/21/2018 | James J Cotter Jr | Insider | Sell | 25,000 | $16.80 | $420,000.00 | 352,987 | |
| 12/22/2017 | James J Cotter Jr | Insider | Sell | 50,000 | $15.98 | $799,000.00 | 373,604 | |
| 8/14/2017 | James J Cotter Jr | Insider | Sell | 9,888 | $15.62 | $154,450.56 | | |
| 6/23/2017 | James J Cotter Jr | Insider | Sell | 5,112 | $15.51 | $79,287.12 | | |
| 12/8/2016 | James J Cotter Jr | Insider | Sell | 41,603 | $15.90 | $661,487.70 | 440,186 | |
| 12/1/2016 | James J Cotter Jr | Insider | Sell | 50,000 | $15.70 | $785,000.00 | 485,186 | |
| 11/22/2016 | James J Cotter Jr | Insider | Sell | 50,000 | $14.99 | $749,500.00 | 535,186 | |
| 11/21/2016 | James J Cotter Jr | Insider | Sell | 25,000 | $14.96 | $374,000.00 | 535,186 | |
| 9/8/2016 | James J Cotter Jr | Insider | Sell | 60,000 | $13.54 | $812,400.00 | 595,186 | |
| 8/18/2016 | James J Cotter Jr | Insider | Sell | 32,000 | $12.96 | $414,720.00 | 627,186 | |
| 8/16/2016 | James J Cotter Jr | Insider | Sell | 118,000 | $12.88 | $1,519,840.00 | 745,186 | |
| 12/9/2015 | James J Cotter Jr | Major Shareholder | Sell | 10,000 | $14.25 | $142,500.00 | 770,186 | |
| 12/2/2015 | James J. Cotter, Jr. | major shareholder | Sell | 16,500 | $14.45 | $238,425.00 | 780,186 | |
| 11/27/2015 | James J. Cotter, Jr. | major shareholder | Sell | 24,500 | $14.45 | $354,025.00 | 796,186 | |
| 11/24/2015 | James J. Cotter, Jr. | major shareholder | Sell | 11,000 | $14.64 | $161,040.00 | 820,686 | |
| 11/19/2015 | James J. Cotter, Jr. | major shareholder | Sell | 13,300 | $14.60 | $194,180.00 | 831,686 | |
| 11/17/2015 | James J. Cotter, Jr. | major shareholder | Sell | 13,800 | $14.86 | $205,068.00 | 844,986 | |
| 1/21/2015 | Douglas James Mceachern | Director | Buy | 6,000 | $12.01 | $72,060.00 | | |
| 1/15/2014 | James J Cotter | CEO | Sell | 12,751 | $7.40 | $94,357.40 | | |
| 5/21/2013 | Douglas James Mceachern | Director | Buy | 2,000 | $6.05 | $12,100.00 | | |
(Data available from 1/1/2013 forward)
Reading International (NASDAQ RDI) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Reviewing Reading International (RDI) & Marcus (MCS)
www.americanbankingnews.com - April 18 at 9:18 PM |
| Reading International (RDI) Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - April 13 at 10:45 AM |
| Reading International Sees Unusually High Options Volume (RDI)
www.americanbankingnews.com - April 11 at 7:06 AM |
| Reading International (RDI) Given $26.75 Average Target Price by Brokerages
www.americanbankingnews.com - April 10 at 1:27 PM |
| Head-To-Head Review: Reading International (RDI) vs. Marcus (MCS)
www.americanbankingnews.com - April 4 at 7:07 AM |
| Financial Comparison: Cinemark (CNK) versus Reading International (RDI)
www.americanbankingnews.com - April 3 at 3:09 AM |
| Reading International, Inc. (RDI) Receives Average Rating of "Strong Buy" from Brokerages
www.americanbankingnews.com - March 26 at 1:09 PM |
| Reading International, Inc. Forecasted to Earn Q1 2018 Earnings of $0.11 Per Share (RDI)
www.americanbankingnews.com - March 26 at 1:02 AM |
| Reading International (RDI) Upgraded to Sell by BidaskClub
www.americanbankingnews.com - March 25 at 9:50 AM |
| Reading International (RDI) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - March 24 at 9:28 PM |
| Reading International, Inc. (RDI) Insider Sells $248,100.00 in Stock
www.americanbankingnews.com - March 23 at 7:34 PM |
| Reading International, Inc. (RDI) Insider Sells $420,000.00 in Stock
www.americanbankingnews.com - March 23 at 7:15 PM |
| Reading International (RDI) PT Lowered to $23.50
www.americanbankingnews.com - March 22 at 8:05 AM |
 | Edited Transcript of RDI earnings conference call or presentation 20-Mar-18 10:59am GMT
finance.yahoo.com - March 21 at 4:15 PM |
| Analysts Set $28.25 Price Target for Reading International, Inc. (RDI)
www.americanbankingnews.com - March 13 at 12:03 PM |
| Cove Street Capital LLC Acquires New Holdings in Reading International, Inc. (RDI)
www.americanbankingnews.com - March 6 at 7:08 AM |
| Reading International, Inc. (RDI) Shares Bought by Wittenberg Investment Management Inc.
www.americanbankingnews.com - February 26 at 2:56 PM |
| Reading International (RDI) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - February 25 at 8:16 PM |
| Reading International (RDI) Rating Increased to Sell at BidaskClub
www.americanbankingnews.com - February 24 at 11:18 AM |
| Reading International Announces Trial Court Decision to Appoint Temporary Trustee Ad Litem to Obtain Offers to Purchase RDI Voting Stock in James J. Cotter, Sr., Voting Trust
finance.yahoo.com - February 23 at 4:47 PM |
| Zacks: Brokerages Set $28.25 Price Target for Reading International, Inc. (RDI)
www.americanbankingnews.com - February 23 at 4:44 PM |
| Reading International (RDI) Rating Lowered to Strong Sell at BidaskClub
www.americanbankingnews.com - February 17 at 1:52 PM |
| Reading International (RDI) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - February 15 at 6:58 AM |
| Zacks Investment Research Upgrades Reading International (RDI) to "Hold"
www.americanbankingnews.com - February 9 at 12:06 PM |
| Reading International, Inc. (RDI) Given Average Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - February 8 at 1:18 AM |
| Reading International (RDI) Cut to "Sell" at Zacks Investment Research
www.americanbankingnews.com - February 2 at 6:52 AM |
| Reading International, Inc. (RDI) Given Consensus Rating of "Strong Buy" by Brokerages
www.americanbankingnews.com - February 1 at 11:16 AM |
| Reading International (RDI) Downgraded to Strong Sell at BidaskClub
www.americanbankingnews.com - January 28 at 7:22 AM |
| Zacks: Reading International, Inc. (RDI) Given $28.25 Average Target Price by Brokerages
www.americanbankingnews.com - January 24 at 9:40 PM |
| Reading International (RDI) Upgraded by Zacks Investment Research to Hold
www.americanbankingnews.com - January 16 at 2:58 PM |
| Zacks: Reading International, Inc. (RDI) Receives Average Recommendation of "Strong Buy" from Analysts
www.americanbankingnews.com - January 16 at 12:10 PM |
| Reading International Derivative Lawsuit Trial Postponed by Nevada District Court
finance.yahoo.com - January 10 at 11:00 AM |
| Reading International Provides Update on Nevada District Court Ruling Regarding Derivative Lawsuit
finance.yahoo.com - January 5 at 4:55 PM |
| Zacks: Reading International, Inc. (RDI) Given Consensus Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - January 1 at 1:56 AM |
 | Reading International made top pick of 2018; shares up 4%
www.msn.com - December 30 at 4:00 PM |
| Reading International Target of Unusually High Options Trading (RDI)
www.americanbankingnews.com - December 29 at 1:58 AM |
| Reading International, Inc. (RDI) Insider Sells $799,000.00 in Stock
www.americanbankingnews.com - December 28 at 3:42 PM |
| Zacks: Reading International, Inc. (RDI) Given Average Rating of "Strong Buy" by Analysts
www.americanbankingnews.com - December 28 at 1:44 PM |
 | Reading (RDI) Secures Final $27.8M Payment from Burwood Sale
www.streetinsider.com - December 24 at 3:25 AM |
| Reading International (RDI) Stock Rating Lowered by BidaskClub
www.americanbankingnews.com - December 23 at 12:16 AM |
| Reading International Receives $27.8 Million Final Proceeds from Burwood Sale
finance.yahoo.com - December 22 at 11:09 AM |
| Reading International Unveils Plans for a Reimagined Cinemas at Cal Oaks Plaza
finance.yahoo.com - December 21 at 10:55 AM |
| Reading International Provides Update on California Superior Court Ruling Regarding the Cotter Living Trust
finance.yahoo.com - December 20 at 10:59 AM |
| ETFs with exposure to Reading International, Inc. : December 19, 2017
finance.yahoo.com - December 19 at 4:01 PM |
| Reading International, Inc. :RDI-US: Earnings Analysis: Q3, 2017 By the Numbers : December 18, 2017
finance.yahoo.com - December 18 at 11:29 AM |
| Brokerages Expect Reading International Inc (RDI) to Post $0.14 Earnings Per Share
www.americanbankingnews.com - December 12 at 11:06 AM |
| Reading International to Present at Benchmark Micro Cap Discovery Conference and Hold Non-Deal Roadshow
finance.yahoo.com - December 11 at 11:38 AM |
| Reading International (RDI) Now Covered by Gabelli
www.americanbankingnews.com - December 1 at 11:07 AM |
| Reading International Inc (RDI) Given $26.50 Consensus Price Target by Brokerages
www.americanbankingnews.com - November 25 at 9:18 PM |
| Zacks: Reading International Inc (RDI) Given Average Recommendation of "Strong Buy" by Brokerages
www.americanbankingnews.com - November 22 at 1:46 PM |
Reading International (NASDAQ:RDI) SEC Filings
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Reading International (NASDAQ:RDI) Income Statement, Balance Sheet and Cash Flow Statement
Reading International (NASDAQ RDI) Stock Chart for Monday, April, 23, 2018
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