Reading International (NASDAQ:RDI) Announces Earnings Results, Beats Estimates By $0.31 EPS

Reading International (NASDAQ:RDI) announced its quarterly earnings data on Monday. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.41) by $0.31, Zacks reports. The company had revenue of $58.58 million for the quarter, compared to the consensus estimate of $53.00 million. Reading International had a negative net margin of 21.22% and a negative return on equity of 258.21%.

Reading International Trading Up 11.2 %

Shares of NASDAQ:RDI opened at $1.39 on Tuesday. The company has a debt-to-equity ratio of 35.04, a current ratio of 0.17 and a quick ratio of 0.17. Reading International has a 1 year low of $1.22 and a 1 year high of $1.90. The company has a market cap of $31.17 million, a P/E ratio of -0.74 and a beta of 1.62. The stock’s fifty day moving average price is $1.47 and its 200-day moving average price is $1.48.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Reading International in a report on Wednesday, March 26th. They set a “sell” rating on the stock.

About Reading International

Reading International, Inc, together with its subsidiaries, focuses on 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, Cinema Exhibition and Real Estate. The Cinema Exhibition segment operates multiplex cinemas.