Red Lion Hotels Corporation (RLH) Releases Earnings Results, Meets Estimates
Red Lion Hotels Corporation (NYSE:RLH) announced its quarterly earnings data on Thursday. The company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18, Bloomberg Earnings reports. The business had revenue of $51.02 million for the quarter, compared to analyst estimates of $50.69 million. Red Lion Hotels Corporation had a negative return on equity of 2.54% and a negative net margin of 1.81%.
Shares of Red Lion Hotels Corporation (NYSE RLH) remained flat at $$8.60 on Friday. The stock had a trading volume of 89,719 shares, compared to its average volume of 85,211. The company has a quick ratio of 1.37, a current ratio of 1.38 and a debt-to-equity ratio of 0.52.
A number of brokerages have recently weighed in on RLH. B. Riley reissued a “buy” rating and issued a $12.50 price objective on shares of Red Lion Hotels Corporation in a report on Sunday, August 6th. TheStreet raised Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a report on Friday, August 4th. Zacks Investment Research lowered Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, September 26th. Finally, ValuEngine lowered Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a report on Friday, September 15th.
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An institutional investor recently raised its position in Red Lion Hotels Corporation stock. State Street Corp lifted its stake in Red Lion Hotels Corporation (NYSE:RLH) by 10.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 197,614 shares of the company’s stock after buying an additional 18,116 shares during the quarter. State Street Corp owned approximately 0.84% of Red Lion Hotels Corporation worth $1,454,000 as of its most recent SEC filing. Institutional investors own 63.73% of the company’s stock.
Red Lion Hotels Corporation Company Profile
Red Lion Hotels Corporation (RLHC) is a hospitality and leisure company. The Company is engaged in the franchising, management and ownership of hotels under the brands, including Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse and Settle Inn & Suites (collectively the RLHC Brands). The RLHC brands represent upscale, midscale and economy hotels.
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