Zacks: Reading International, Inc. Class A (RDI) Given $28.25 Consensus Target Price by Analysts

Reading International, Inc. Class A (NASDAQ:RDI) has earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the company, Zacks Investment Research reports. Two investment analysts have rated the stock with a strong buy recommendation.

Brokerages have set a one year consensus target price of $28.25 for the company and are expecting that the company will post $0.07 earnings per share for the current quarter, according to Zacks. Zacks has also given Reading International, Inc. Class A an industry rank of 180 out of 255 based on the ratings given to its competitors.

A number of research firms recently commented on RDI. BidaskClub raised shares of Reading International, Inc. Class A from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Zacks Investment Research upgraded shares of Reading International, Inc. Class A from a “sell” rating to a “hold” rating in a research report on Wednesday, July 18th.

Reading International, Inc. Class A stock traded up $0.26 during midday trading on Friday, reaching $16.02. The stock had a trading volume of 66,033 shares, compared to its average volume of 28,026. Reading International, Inc. Class A has a twelve month low of $14.37 and a twelve month high of $17.50. The company has a debt-to-equity ratio of 0.74, a quick ratio of 0.47 and a current ratio of 0.47. The firm has a market capitalization of $362.10 million, a price-to-earnings ratio of 29.74 and a beta of 1.33.

Reading International, Inc. Class A (NASDAQ:RDI) last posted its quarterly earnings data on Thursday, August 9th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.05. Reading International, Inc. Class A had a net margin of 5.70% and a return on equity of 6.77%. The firm had revenue of $84.22 million during the quarter, compared to analyst estimates of $88.40 million. equities analysts forecast that Reading International, Inc. Class A will post 0.46 earnings per share for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP raised its holdings in shares of Reading International, Inc. Class A by 7.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,099,326 shares of the company’s stock valued at $17,534,000 after purchasing an additional 78,253 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Reading International, Inc. Class A by 9.4% during the 2nd quarter. BlackRock Inc. now owns 878,024 shares of the company’s stock valued at $14,004,000 after purchasing an additional 75,156 shares in the last quarter. Wittenberg Investment Management Inc. raised its holdings in Reading International, Inc. Class A by 1.0% in the 2nd quarter. Wittenberg Investment Management Inc. now owns 509,740 shares of the company’s stock worth $8,130,000 after acquiring an additional 5,126 shares during the period. Teton Advisors Inc. raised its holdings in Reading International, Inc. Class A by 15.4% in the 2nd quarter. Teton Advisors Inc. now owns 487,852 shares of the company’s stock worth $7,781,000 after acquiring an additional 65,180 shares during the period. Finally, Eidelman Virant Capital raised its holdings in Reading International, Inc. Class A by 21.4% in the 2nd quarter. Eidelman Virant Capital now owns 451,250 shares of the company’s stock worth $7,197,000 after acquiring an additional 79,650 shares during the period. Institutional investors and hedge funds own 38.42% of the company’s stock.

About Reading International, Inc. Class A

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.

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