Reading International (NASDAQ:RDI) Releases Earnings Results, Beats Expectations By $0.31 EPS

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

Reading International Trading Down 1.4 %

NASDAQ RDI opened at $1.37 on Wednesday. The company has a market cap of $30.72 million, a PE ratio of -0.73 and a beta of 1.62. Reading International has a 12 month low of $1.22 and a 12 month high of $1.90. The stock has a 50 day moving average of $1.46 and a 200-day moving average of $1.48. The company has a current ratio of 0.17, a quick ratio of 0.17 and a debt-to-equity ratio of 35.04.

Analyst Upgrades and Downgrades

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

Reading International Company Profile

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.