Reading International Inc (NASDAQ:RDI) – Equities researchers at B. Riley dropped their FY2017 earnings per share (EPS) estimates for shares of Reading International in a research report issued to clients and investors on Wednesday. B. Riley analyst E. Wold now forecasts that the company will post earnings per share of $1.15 for the year, down from their prior forecast of $1.20. B. Riley currently has a “Buy” rating and a $26.50 target price on the stock. B. Riley also issued estimates for Reading International’s Q4 2017 earnings at $0.14 EPS, Q1 2018 earnings at $0.12 EPS, Q2 2018 earnings at $0.18 EPS, Q3 2018 earnings at $0.13 EPS, Q4 2018 earnings at $0.18 EPS, FY2018 earnings at $0.62 EPS, Q1 2019 earnings at $0.17 EPS, Q2 2019 earnings at $0.21 EPS, Q3 2019 earnings at $0.19 EPS and FY2019 earnings at $0.80 EPS.

Other analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Reading International from a “hold” rating to a “sell” rating in a research report on Friday. BidaskClub downgraded shares of Reading International from a “hold” rating to a “sell” rating in a research report on Tuesday, November 7th.

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Reading International (NASDAQ RDI) opened at $15.03 on Friday. Reading International has a one year low of $14.37 and a one year high of $17.18. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.80. The company has a market cap of $335.42, a PE ratio of 25.74 and a beta of 1.32.

Reading International (NASDAQ:RDI) last posted its quarterly earnings data on Monday, November 6th. The company reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.04). Reading International had a net margin of 8.70% and a return on equity of 8.16%. The company had revenue of $66.09 million for the quarter, compared to analyst estimates of $65.70 million.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in RDI. Van Den Berg Management I Inc. boosted its stake in shares of Reading International by 56.0% during the 3rd quarter. Van Den Berg Management I Inc. now owns 295,085 shares of the company’s stock valued at $4,639,000 after buying an additional 105,897 shares during the last quarter. Eidelman Virant Capital boosted its stake in shares of Reading International by 32.1% during the 3rd quarter. Eidelman Virant Capital now owns 377,650 shares of the company’s stock valued at $5,936,000 after buying an additional 91,850 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Reading International by 123.5% during the 3rd quarter. Gabelli Funds LLC now owns 84,373 shares of the company’s stock valued at $1,326,000 after buying an additional 46,623 shares during the last quarter. Wedge Capital Management L L P NC purchased a new position in shares of Reading International during the 2nd quarter valued at approximately $671,000. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Reading International by 52.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 112,382 shares of the company’s stock valued at $1,767,000 after buying an additional 38,800 shares during the last quarter. Hedge funds and other institutional investors own 33.92% of the company’s stock.

About Reading International

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.

Earnings History and Estimates for Reading International (NASDAQ:RDI)

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