Reading International Inc. Stock Upgraded (RDI)

NEW YORK (TheStreet) -- Reading International (Nasdaq:RDI) has been upgraded by TheStreet Ratings from hold to buy. The company's strengths can be seen in multiple areas, such as its revenue growth, compelling growth in net income, attractive valuation levels, expanding profit margins and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had generally poor debt management on most measures that we evaluated.

Highlights from the ratings report include:

• READING INTL INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. This company has not demonstrated a clear trend in earnings over the past two years, making it difficult to accurately predict earnings for the coming year. During the past fiscal year, READING INTL INC swung to a loss, reporting -$0.55 versus $0.26 in the prior year.
• The gross profit margin for READING INTL INC is rather low; currently it is at 24.40%. Regardless of RDI's low profit margin, it has managed to increase from the same period last year. Despite the mixed results of the gross profit margin, RDI's net profit margin of 26.00% significantly outperformed against the industry.
• The net income growth from the same quarter one year ago has significantly exceeded that of the S&P 500 and the Media industry. The net income increased by 227.1% when compared to the same quarter one year prior, rising from -$13.71 million to $17.43 million.
• RDI's revenue growth has slightly outpaced the industry average of 17.5%. Since the same quarter one year prior, revenues rose by 17.6%. Growth in the company's revenue appears to have helped boost the earnings per share.

Reading International, Inc., together with its subsidiaries, engages in the development, ownership, and operation of entertainment and real property assets in the United States, Australia, and New Zealand. Reading International has a market cap of $89.8 million and is part of the financial sector and real estate industry. Shares are down 13.9% year to date as of the close of trading on Friday.

You can view the full Reading International Ratings Report or get investment ideas from our investment research center.

For more information on Reading International Inc. click any of the following:

• Reading International Inc. Stock Price

• Reading International Inc. Analyst Ratings

• Reading International Inc. Key Stats & Profile

• Reading International Inc. Earnings

• Reading International Inc. Ratio Comparison

• Reading International Inc. Growth Rates

• Reading International Inc. Balance Sheet

• Reading International Inc. Cash Flow

• Reading International Inc. Income Statement