Reading International Inc (NASDAQ:RDI) has been given an average broker rating score of 1.00 (Strong Buy) from the two brokers that cover the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Analysts have set a 1-year consensus price objective of $28.25 for the company and are expecting that the company will post $0.14 EPS for the current quarter, according to Zacks. Zacks has also assigned Reading International an industry rank of 168 out of 265 based on the ratings given to its competitors.

A number of research analysts have commented on RDI shares. BidaskClub upgraded shares of Reading International from a “hold” rating to a “buy” rating in a research note on Friday, September 15th. Zacks Investment Research cut shares of Reading International from a “hold” rating to a “sell” rating in a research note on Friday, November 17th. Finally, Gabelli started coverage on shares of Reading International in a research note on Friday, December 1st. They set a “buy” rating for the company.

Shares of Reading International (RDI) traded up $0.12 on Tuesday, reaching $16.07. 123,211 shares of the company’s stock were exchanged, compared to its average volume of 39,262. The company has a market capitalization of $364.91, a PE ratio of 28.00 and a beta of 1.30. The company has a current ratio of 1.55, a quick ratio of 1.55 and a debt-to-equity ratio of 0.80. Reading International has a 1 year low of $14.37 and a 1 year high of $17.18.

Reading International (NASDAQ:RDI) last announced its quarterly earnings results on Monday, November 6th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The business had revenue of $66.09 million for the quarter, compared to the consensus estimate of $65.70 million. Reading International had a return on equity of 8.16% and a net margin of 8.70%. analysts expect that Reading International will post 1.15 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of RDI. Van Den Berg Management I Inc. increased its holdings in shares of Reading International by 56.0% during the third quarter. Van Den Berg Management I Inc. now owns 295,085 shares of the company’s stock worth $4,639,000 after buying an additional 105,897 shares in the last quarter. Eidelman Virant Capital increased its holdings in shares of Reading International by 32.1% during the third quarter. Eidelman Virant Capital now owns 377,650 shares of the company’s stock worth $5,936,000 after buying an additional 91,850 shares in the last quarter. Gabelli Funds LLC increased its holdings in shares of Reading International by 123.5% during the third quarter. Gabelli Funds LLC now owns 84,373 shares of the company’s stock worth $1,326,000 after buying an additional 46,623 shares in the last quarter. Wedge Capital Management L L P NC acquired a new stake in shares of Reading International in the second quarter valued at approximately $671,000. Finally, Gamco Investors INC. ET AL increased its holdings in shares of Reading International by 52.7% in the third quarter. Gamco Investors INC. ET AL now owns 112,382 shares of the company’s stock valued at $1,767,000 after purchasing an additional 38,800 shares in the last quarter. 35.17% of the stock is owned by institutional investors.

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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.

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