Reading International Company Profile (NASDAQ:RDI)

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

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.

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.

Reading International is scheduled to release their next quarterly earnings announcement on Tuesday, November, 14th 2017. View Earnings Estimates for Reading International.

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.

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)

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).

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 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.

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.

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.

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 $15.95.