Reading International (RDI) Stock Price, News & Analysis

Company Overview

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. This segment operates its cinema exhibition businesses under the Reading Cinemas, Consolidated Theatres, Angelika Film Center, State Cinema by Angelika, Angelika Anywhere, Event Cinemas, and Rialto Cinemas brands. The Real Estate segment develops, rents, or licenses retail, commercial, and live theater assets. Reading International, Inc. was incorporated in 1999 and is headquartered in New York, New York.

Key Stats

• Today's Range: $1.23 to $1.40
• 50-Day Range: $1.25 to $1.84
• 52-Week Range: $1.22 to $2.15
• Volume: 166,715 shs
• Average Volume: 17,797 shs
• Market Capitalization: $28.04 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.40
• Consensus Rating: Hold

Reading International Stock Analysis - MarketRank™

Reading International scored higher than 51% of companies evaluated by MarketBeat, and ranked 199th out of 288 stocks in the consumer discretionary sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.0 / 5
• Analyst Rating: Hold

Consensus Rating

Reading International has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Reading International has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Reading International is -0.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Reading International is -0.66, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Reading International has a P/B Ratio of 0.84. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

0.79% of the float of Reading International has been sold short.

Short Interest Ratio / Days to Cover

Reading International has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Reading International has recently increased by 9.69%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Reading International does not currently pay a dividend.

Dividend Growth

Reading International does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.79% of the float of Reading International has been sold short.

Short Interest Ratio / Days to Cover

Reading International has a short interest ratio ("days to cover") of 6.3.

Change versus previous month

Short interest in Reading International has recently increased by 9.69%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 1.8 / 5
• News Sentiment: 0.23

News Sentiment

Reading International has a news sentiment score of 0.23. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.62 average news sentiment score of Consumer Discretionary companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Reading International this week, compared to 0 articles on an average week.

Company Ownership

• Score: 4.2 / 5
• Insider Trading: Acquiring Shares

Insider Buying vs. Insider Selling

In the past three months, Reading International insiders have bought 37.85% more of their company's stock than they have sold. Specifically, they have bought $24,950.00 in company stock and sold $18,100.00 in company stock.

Percentage Held by Insiders

25.66% of the stock of Reading International is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

44.70% of the stock of Reading International is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RDI Stock Analysis - Frequently Asked Questions

How have RDI shares performed this year?

Reading International's stock was trading at $1.91 on January 1st, 2024. Since then, RDI shares have decreased by 34.6% and is now trading at $1.25.
View the best growth stocks for 2024 here.

How were Reading International's earnings last quarter?

Reading International, Inc. (NASDAQ:RDI) released its quarterly earnings results on Monday, April, 3rd. The company reported ($0.60) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by $0.26. The firm earned $47.20 million during the quarter. Reading International had a negative trailing twelve-month return on equity of 258.21% and a negative net margin of 21.22%.

Who are Reading International's major shareholders?

Top institutional shareholders of Reading International include Wittenberg Investment Management Inc. (6.95%), Yacktman Asset Management LP (2.12%) and Geode Capital Management LLC (0.85%). Insiders that own company stock include Margaret Cotter, James J Cotter Living Trust, Mark Cuban, Douglas James Mceachern, Steven John Lucas, Robert F Smerling and Ellen M Cotter.
View institutional ownership trends.

How do I buy shares of Reading International?

Shares of RDI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Reading International own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Reading International investors own include Peabody Energy (BTU), Ashford Hospitality Trust (AHT), AT&T (T), PlayAGS (AGS), Vermilion Energy (VET), Assertio (ASRT) and Astronics (ATRO).

Company Calendar

• Last Earnings: 4/03/2023
• Today: 11/20/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Discretionary
• Industry: Motion picture theaters
• Sub-Industry: Movies & Entertainment
• Current Symbol: NASDAQ:RDI
• CUSIP: 75540810
• CIK: 716634
• Web: www.readingrdi.com
• Phone: (213) 235-2240
• Fax: 213-235-2229
• Employees: 2,025
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.40
• High Stock Price Target: $2.40
• Low Stock Price Target: $2.40
• Potential Upside/Downside: +92.0%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.88)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-30,670,000.00
• Net Margins: -21.22%
• Pretax Margin: -21.24%
• Return on Equity: -258.21%
• Return on Assets: -8.30%

Debt

• Debt-to-Equity Ratio: 35.04
• Current Ratio: 0.17
• Quick Ratio: 0.17

Sales & Book Value

• Annual Sales: $222.74 million
• Price / Sales: 0.13
• Cash Flow: $0.34 per share
• Price / Cash Flow: 3.68
• Book Value: $1.48 per share
• Price / Book: 0.84

Miscellaneous

• Outstanding Shares: 22,430,000
• Free Float: 16,671,000
• Market Cap: $28.04 million
• Optionable: Optionable
• Beta: 1.61