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. The cinema exhibition segment operates multiplex cinemas. RDI's real estate segment includes real estate development and the rental of retail, commercial and live theater assets. The Company manages its cinema exhibition businesses around the world under various brands, including Reading Cinema, Angelika Film Centers, Consolidated Theatres and City Cinemas brands in the United States; under the Reading Cinema brand in Australia, and under the Reading Cinema and Rialto brands in New Zealand.
Industry, Sector and Symbol:
- Sector: Consumer Discretionary
- Industry: Leisure & Recreation
- Sub-Industry: Movies & Entertainment
- Symbol: NASDAQ:RDI
- CUSIP: 75540810
- Web: www.readingrdi.com
- Market Cap: $368.68 million
- Outstanding Shares: 23,057,000
- 50 Day Moving Avg: $15.75
- 200 Day Moving Avg: $15.68
- 52 Week Range: $12.54 - $17.18
Sales & Book Value:
- Trailing P/E Ratio: 14.29
- Foreward P/E Ratio: 24.54
- P/E Growth: 0.00
- Annual Revenue: $280.63 million
- Price / Sales: 1.31
- Book Value: $7.37 per share
- Price / Book: 2.16
- EBIDTA: $54.47 million
- Net Margins: 9.36%
- Return on Equity: 9.86%
- Return on Assets: 3.84%
- Debt-to-Equity Ratio: 0.70%
- Current Ratio: 1.67%
- Quick Ratio: 1.67%
- Average Volume: 38,922 shs.
- Beta: 1.27
- Short Ratio: 3.93
Frequently Asked Questions for Reading International (NASDAQ:RDI)
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 announced that its board has approved a share repurchase plan on Wednesday, April 12th 2017, which permits the company to buyback $25,000,000.00 in shares, according to EventVestor. This buyback authorization permits the company to purchase up to 6.8% of its shares through open market purchases. Shares buyback 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 Inc (NASDAQ:RDI) released its earnings results on Tuesday, May, 9th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.11 by $0.02. The company had revenue of $69.45 million for the quarter, compared to analyst estimates of $71.80 million. Reading International had a net margin of 9.36% and a return on equity of 9.86%. View Reading International's Earnings History.
When will Reading International make its next earnings announcement?
Where is Reading International's stock going? Where will Reading International's stock price be in 2017?
1 brokerages have issued 1 year price targets for Reading International's stock. Their forecasts range from $26.50 to $26.50. On average, they expect Reading International's stock price to reach $26.50 in the next twelve months. View Analyst Ratings for Reading International.
What are analysts saying about Reading International stock?
Here are some recent quotes from research analysts about Reading International stock:
- 1. According to Zacks Investment Research, "Reading International, Inc. is engaged primarily in the ownership and management of commercial and residential property. " (8/8/2017)
- 2. B. Riley analysts commented, "Reading International (RDI) reported Q4 results that, we believe, demonstrate the benefits of the theater enhancement strategy as Cinema segment revenues/EBITDA of $64.3MM/$11.9MM came in well ahead of our $58.7MM/$10.6MM estimates. While Cinema segment improvements will continue to be the main driver of reported results over the next 12-18 months, we view the positive comments around retail lease interest at Union Square (including one entity considering taking the entire building) as the likely main driver of the shares in the near-term as those lease agreements come to light ' and investors feel more comfortable including some value for this property in the RDI share price. With RDI shares trading, in our opinion, at a level that only provides value for the existing Cinema and Real Estate operations, we see limited downside at current levels and recommend adding to positions in this relatively-unknown story ahead of likely near-term catalysts. We are reiterating our Buy rating and $26.00 price target." (3/16/2017)
Who are some of Reading International's key competitors?
Some companies that are related to Reading International include The Providence Service Corporation (PRSC), eHi Car Services Limited (EHIC), Career Education Corporation (CECO), K12 (LRN), Johnson Outdoors (JOUT), Eros International PLC (EROS), Monarch Casino & Resort (MCRI), Crocs (CROX), Malibu Boats (MBUU), Central European Media Enterprises (CETV), NACCO Industries (NC), Rent-A-Center (RCII), Duluth Holdings (DLTH), Marine Products Corporation (MPX), Hooker Furniture Corporation (HOFT), Hemisphere Media Group (HMTV), Entravision Communications Corporation (EVC) and Golden Entertainment (GDEN).
Who are Reading International's key executives?
Reading International's management team includes the folowing people:
- Ellen Marie Cotter, Chairman of the Board, President, Chief Executive Officer
- James J. Cotter Jr., President, Chief Executive Officer, Director
- Margaret Cotter, Vice Chairman of the Board
- Devasis Ghose, Chief Financial Officer, Treasurer
- Robert F. Smerling, President - Domestic Cinemas
- William D. Ellis, General Counsel, Secretary
- Judy Codding, Director
- Michael J. Wrotniak, Director
- Guy W. Adams, Independent Director
- William D. Gould, Independent Director
Who owns Reading International stock?
Reading International's stock is owned by a number of of institutional and retail investors. Top institutional investors include Renaissance Technologies LLC (4.76%), Dimensional Fund Advisors LP (3.81%), Vanguard Group Inc. (2.35%), Wittenberg Investment Management Inc. (2.16%), Luzich Partners LLC (1.75%) and Teton Advisors Inc. (1.63%). Company insiders that own Reading International stock include James J Cotter Jr and James J Cotter, Jr. View Institutional Ownership Trends for Reading International.
Who sold Reading International stock? Who is selling Reading International stock?
Reading International's stock was sold by a variety of institutional investors in the last quarter, including ARS Investment Partners LLC, EAM Investors LLC, Eidelman Virant Capital, California State Teachers Retirement System, The Manufacturers Life Insurance Company and First Trust Advisors LP. View Insider Buying and Selling for Reading International.
Who bought Reading International stock? Who is buying Reading International stock?
Reading International's stock was bought by a variety of institutional investors in the last quarter, including Wedge Capital Management L L P NC, Sanders Morris Harris LLC, Gamco Investors INC. ET AL, Dimensional Fund Advisors LP, State Street Corp, Teton Advisors Inc., Wittenberg Investment Management Inc. and Northern Trust Corp. View Insider Buying and Selling for Reading International.
How do I buy Reading International stock?
Shares of Reading International can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Reading International's stock price today?
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 the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Reading International stock can currently be purchased for approximately $15.95.
Consensus Ratings for Reading International (NASDAQ:RDI) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus 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 will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||1 Buy Rating|
|Consensus Rating:||Buy (Score: 3.00)|
|Consensus Price Target: ||$26.50 (66.14% upside)|
Analysts' Ratings History for Reading International (NASDAQ:RDI)
(Data available from 9/26/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|8/16/2017||B. Riley||Reiterated Rating||Buy||$26.50||Low|
Earnings History for Reading International (NASDAQ:RDI)Earnings History by Quarter for Reading International (NASDAQ RDI)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/14/2017|| || || || || || || || |
|5/9/2017||Q1 2017||$0.11||$0.13||$71.80 million||$69.45 million||View||N/A|
|3/13/2017||Q4 2016||$0.08||$0.08||$62.70 million||$67.45 million||View||N/A|
|11/8/2016||Q316||$0.01||$0.16||$46.12 million||$71.30 million||View||N/A|
|5/13/2016||Q116||$0.10||$60.60 million||$64.80 million||View||N/A|
|11/6/2015||Q315||$0.02||$65.00 million||$57.80 million||View||N/A|
|5/5/2015||Q115||$0.13||$30.60 million||$58.10 million||View||N/A|
|3/12/2015||Q414||$0.72||$63.54 million||$61.74 million||View||N/A|
|11/7/2014||Q314||$0.17||$65.50 million||$65.00 million||View||N/A|
|11/6/2013||Q313||$0.10||$63.90 million||$65.50 million||View||N/A|
|5/9/2013||Q1 2013||($0.03)||$62.40 million||$59.60 million||View||N/A|
|3/18/2013||Q412||($0.06)||$57.40 million||$65.10 million||View||N/A|
Earnings Estimates for Reading International (NASDAQ:RDI)
Current Year EPS Consensus Estimate: $0.61 EPS
Next Year EPS Consensus Estimate: $0.65 EPS
Dividend History for Reading International (NASDAQ:RDI)
No dividend announcements for this company have been tracked by MarketBeat.com
Insider Trading and Institutional Ownership History for Reading International (NASDAQ:RDI)
Insider Ownership Percentage: 26.75%Insider Trades by Quarter for Reading International (NASDAQ:RDI)
Institutional Ownership Percentage: 33.26%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|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|| |
|12/1/2016||James J Cotter Jr||Insider||Sell||50,000||$15.70||$785,000.00|| |
|11/22/2016||James J Cotter Jr||Insider||Sell||50,000||$14.99||$749,500.00|| |
|11/21/2016||James J Cotter Jr||Insider||Sell||25,000||$14.96||$374,000.00|| |
|9/8/2016||James J Cotter Jr||Insider||Sell||60,000||$13.54||$812,400.00|| |
|8/18/2016||James J Cotter Jr||Insider||Sell||32,000||$12.96||$414,720.00|| |
|8/16/2016||James J Cotter Jr||Insider||Sell||118,000||$12.88||$1,519,840.00|| |
|12/9/2015||James J Cotter Jr||Major Shareholder||Sell||10,000||$14.25||$142,500.00|| |
|12/2/2015||James J. Cotter, Jr.||major shareholder||Sell||16,500||$14.45||$238,425.00|| |
|11/27/2015||James J. Cotter, Jr.||major shareholder||Sell||24,500||$14.45||$354,025.00|| |
|11/24/2015||James J. Cotter, Jr.||major shareholder||Sell||11,000||$14.64||$161,040.00|| |
|11/19/2015||James J. Cotter, Jr.||major shareholder||Sell||13,300||$14.60||$194,180.00|| |
|11/17/2015||James J. Cotter, Jr.||major shareholder||Sell||13,800||$14.86||$205,068.00|| |
|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|| |
Headline Trends for Reading International (NASDAQ:RDI)
Latest Headlines for Reading International (NASDAQ:RDI)
|Reading International, Inc. :RDI-US: Earnings Analysis: Q2, 2017 By the Numbers : September 25, 2017|
finance.yahoo.com - September 25 at 3:47 PM
|Reading International Inc (RDI) Raised to "Buy" at BidaskClub|
www.americanbankingnews.com - September 16 at 5:56 PM
|Manchester United (MANU) & Reading International (RDI) Financial Analysis|
www.americanbankingnews.com - September 15 at 10:14 PM
|Manchester United (MANU) and Reading International (RDI) Head-To-Head Survey|
www.americanbankingnews.com - September 12 at 10:24 PM
|Reading International, Inc. breached its 50 day moving average in a Bullish Manner : RDI-US : September 8, 2017|
finance.yahoo.com - September 9 at 7:46 AM
|Reading International Provides Update on California Superior Court Tentative Ruling Regarding the Cotter Living Trust|
finance.yahoo.com - September 6 at 7:33 AM
|Reading International Provides Update on California Superior Court Tentative Ruling Regarding the Cotter Living Trust|
finance.yahoo.com - September 6 at 7:33 AM
|Reading International to Participate at the 6th Annual Liolios Gateway Conference|
finance.yahoo.com - August 30 at 8:30 AM
|Comparing MakeMyTrip Limited (MMYT) and Reading International (RDI)|
www.americanbankingnews.com - August 28 at 2:18 AM
|Contrasting MakeMyTrip Limited (MMYT) and Reading International (RDI)|
www.americanbankingnews.com - August 25 at 2:10 PM
|ClubCorp Holdings (MYCC) & Reading International (RDI) Head to Head Survey|
www.americanbankingnews.com - August 20 at 4:22 PM
|Reading International Announces Date of 2017 Annual Meeting of Stockholders|
finance.yahoo.com - August 17 at 7:17 AM
|Reading International's (RDI) "Buy" Rating Reiterated at B. Riley|
www.americanbankingnews.com - August 16 at 3:12 PM
|Reading International, Inc. breached its 50 day moving average in a Bullish Manner : RDI-US : August 15, 2017|
finance.yahoo.com - August 16 at 7:12 AM
|Reading International Inc (RDI) Insider James J. Cotter, Jr. Sells 9,888 Shares|
www.americanbankingnews.com - August 15 at 4:36 PM
|Reading International's (NASDAQ:RDI) Buy Rating Reaffirmed at B. Riley|
www.americanbankingnews.com - August 13 at 5:50 PM
|Edited Transcript of RDI earnings conference call or presentation 10-Aug-17 10:59am GMT|
finance.yahoo.com - August 12 at 7:19 AM
|Analyzing ILG (IILGV) and Reading International (NASDAQ:RDI)|
www.americanbankingnews.com - August 9 at 8:28 PM
|Reading International Announces Second Quarter 2017 Results|
finance.yahoo.com - August 9 at 6:48 AM
|Reading International Inc (RDI) Announces Earnings Results|
www.americanbankingnews.com - August 8 at 9:30 PM
|Reading International Inc (RDI) Upgraded by Zacks Investment Research to "Hold"|
www.americanbankingnews.com - August 8 at 8:08 AM
|Reading International (RDI) versus ILG (IILGV) Critical Survey|
www.americanbankingnews.com - August 7 at 6:28 PM
|Reviewing Reading International (NASDAQ:RDI) and ILG (IILGV)|
www.americanbankingnews.com - August 5 at 7:09 AM
|Reading International Inc (RDI) Set to Announce Quarterly Earnings on Tuesday|
www.americanbankingnews.com - August 4 at 3:32 PM
|Date of Webcast for Second Quarter 2017 Results Announced by Reading International|
finance.yahoo.com - August 4 at 7:34 AM
|Reading International, Inc. breached its 50 day moving average in a Bearish Manner : RDI-US : August 1, 2017|
finance.yahoo.com - August 2 at 7:04 AM
|Steiner Leisure (STNR) versus Reading International (NASDAQ:RDI) Head to Head Survey|
www.americanbankingnews.com - July 31 at 12:34 AM
|Comparing ClubCorp Holdings (MYCC) & Reading International (NASDAQ:RDI)|
www.americanbankingnews.com - July 29 at 7:21 AM
|ILG (ILG) & Reading International (RDI) Head to Head Contrast|
www.americanbankingnews.com - July 25 at 4:24 PM
|Reading International, Inc. breached its 50 day moving average in a Bullish Manner : RDI-US : July 18, 2017|
finance.yahoo.com - July 19 at 6:35 AM
|Reading International Inc (NASDAQ:RDI) Downgraded by Zacks Investment Research to "Sell"|
www.americanbankingnews.com - July 18 at 9:34 AM
|Reading International (RDI) vs. ILG (IILGV) Critical Analysis|
www.americanbankingnews.com - July 13 at 10:23 PM
| Reading International Inc (RDI) Receives Consensus Rating of "Strong Buy" from Brokerages|
www.americanbankingnews.com - July 13 at 9:36 AM
|Reading International, Inc. – Value Analysis (NASDAQ:RDI) : July 10, 2017|
finance.yahoo.com - July 11 at 7:00 AM
|Reading International, Inc. breached its 50 day moving average in a Bearish Manner : RDI-US : July 7, 2017|
finance.yahoo.com - July 8 at 1:58 PM
| Reading International Inc (RDI) Given $26.50 Consensus Target Price by Brokerages|
www.americanbankingnews.com - June 27 at 7:42 AM
|Reading International Inc (RDI) Insider James J. Cotter, Jr. Sells 5,112 Shares|
www.americanbankingnews.com - June 26 at 7:18 PM
|Reading International, Inc. breached its 50 day moving average in a Bearish Manner : RDI-US : June 23, 2017|
finance.yahoo.com - June 23 at 9:30 AM
|Reading International Provides Update on New Zealand and Australia Properties|
finance.yahoo.com - June 22 at 9:55 AM
|Reviewing Reading International (RDI) and DreamWorks Animation (DWA)|
www.americanbankingnews.com - June 17 at 10:44 AM
| Reading International Inc (RDI) Receives Consensus Rating of "Strong Buy" from Analysts|
www.americanbankingnews.com - June 12 at 12:16 PM
|ETFs with exposure to Reading International, Inc. : June 8, 2017|
finance.yahoo.com - June 8 at 8:32 PM
|NYC Joint Development of Cinemas 1,2,3, & Anassa Taverna by Reading International and 260–264 LLC|
finance.yahoo.com - June 8 at 8:45 AM
|Reading International, Inc. (RDI) Upgraded to B at TheStreet|
www.americanbankingnews.com - June 7 at 2:52 PM
|Reading International, Inc. :RDI-US: Earnings Analysis: Q1, 2017 By the Numbers : June 6, 2017|
finance.yahoo.com - June 6 at 8:54 PM
|Reading International Participates at Gabelli’s 9th Annual Movie & Entertainment Conference|
finance.yahoo.com - June 5 at 8:06 PM
|Brokerages Anticipate Reading International, Inc. (RDI) to Announce $0.17 EPS|
www.americanbankingnews.com - May 24 at 4:08 PM
|Reading International, Inc. (RDI) Receives "Buy" Rating from B. Riley|
www.americanbankingnews.com - May 20 at 10:06 AM
|Reading International beats by $0.02, misses on revenue|
seekingalpha.com - May 12 at 12:58 AM
|Reading International, Inc. (RDI) Releases Earnings Results, Beats Estimates By $0.02 EPS|
www.americanbankingnews.com - May 10 at 6:58 PM
Reading International (RDI) Chart for Tuesday, September, 26, 2017