Reading International Company Profile (NASDAQ:RDI)

Reading International trades on the NASDAQ under the ticker symbol "RDI."

Reading International announced that its Board of Directors has initiated a stock buyback plan on Wednesday, April 12th 2017, which authorizes the company to repurchase $25,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 6.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Reading International Inc (NASDAQ:RDI) released its quarterly earnings results on Tuesday, May, 9th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.11 by $0.02. The firm earned $69.45 million during the quarter, compared to analysts' expectations of $71.80 million. Reading International had a return on equity of 7.69% and a net margin of 3.71%. View Reading International's Earnings History.

1 analysts have issued 1-year target prices for Reading International's stock. Their forecasts range from $26.50 to $26.50. On average, they expect Reading International's share price to reach $26.50 in the next twelve months. View Analyst Ratings for Reading International.

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. " (7/18/2017)
• 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)

Some companies that are related to Reading International include K12 (LRN), SP Plus Corporation (SP), The Providence Service Corporation (PRSC), Manchester United (MANU), eHi Car Services Limited (EHIC), Rent-A-Center (RCII), Career Education Corporation (CECO), Entravision Communications Corporation (EVC), Laureate Education (LAUR), Central European Media Enterprises (CETV), Crocs (CROX), Duluth Holdings (DLTH), Essendant (ESND), FTD Companies (FTD), Hemisphere Media Group (HMTV), Eros International PLC (EROS), Monarch Casino & Resort (MCRI) and Marine Products Corporation (MPX).

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

Reading International's stock is owned by a number of of retail and institutional investors. Top institutional investors include Sanders Morris Harris LLC (1.08%). Company insiders that own Reading International stock include James J Cotter Jr and James J Cotter, Jr. View Institutional Ownership Trends for Reading International.

Reading International's stock was purchased by a variety of institutional investors in the last quarter, including Sanders Morris Harris LLC. View Insider Buying and Selling for Reading International.

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.

One share of Reading International stock can currently be purchased for approximately $15.88.