RLH Corporation (RLH) Expected to Announce Quarterly Sales of $54.78 Million
Analysts expect RLH Corporation (NYSE:RLH) to post $54.78 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for RLH Corporation’s earnings, with estimates ranging from $53.64 million to $55.92 million. RLH Corporation reported sales of $45.61 million in the same quarter last year, which would suggest a positive year over year growth rate of 20.1%. The company is scheduled to announce its next earnings report on Thursday, August 3rd.
On average, analysts expect that RLH Corporation will report full-year sales of $54.78 million for the current year, with estimates ranging from $185.46 million to $188.72 million. For the next financial year, analysts anticipate that the business will post sales of $208.72 million per share, with estimates ranging from $200.52 million to $216.91 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow RLH Corporation.
RLH Corporation (NYSE:RLH) last issued its earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.03) by $0.04. The firm had revenue of $48.53 million for the quarter, compared to analyst estimates of $49.94 million. RLH Corporation had a negative return on equity of 0.17% and a net margin of 0.15%.
Several research analysts have commented on the company. Zacks Investment Research lowered RLH Corporation from a “buy” rating to a “hold” rating in a research report on Thursday, June 29th. B. Riley reaffirmed a “buy” rating and set a $12.50 price target on shares of RLH Corporation in a research report on Monday, June 26th.
Shares of RLH Corporation (NYSE:RLH) traded up 4.32% during midday trading on Thursday, reaching $7.25. The company had a trading volume of 42,135 shares. The company’s 50 day moving average price is $6.94 and its 200 day moving average price is $7.06. The stock’s market capitalization is $170.67 million. RLH Corporation has a 52-week low of $6.15 and a 52-week high of $9.40.
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In related news, Director Robert G. Wolfe bought 7,970 shares of the stock in a transaction on Tuesday, May 16th. The shares were bought at an average cost of $6.72 per share, for a total transaction of $53,558.40. Following the purchase, the director now owns 46,926 shares of the company’s stock, valued at approximately $315,342.72. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 14.70% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Rhumbline Advisers increased its position in shares of RLH Corporation by 52.4% in the second quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock valued at $124,000 after buying an additional 5,780 shares during the period. Alambic Investment Management L.P. increased its position in shares of RLH Corporation by 10.8% in the first quarter. Alambic Investment Management L.P. now owns 20,027 shares of the company’s stock valued at $141,000 after buying an additional 1,950 shares during the period. TFS Capital LLC increased its position in shares of RLH Corporation by 93.8% in the first quarter. TFS Capital LLC now owns 22,243 shares of the company’s stock valued at $157,000 after buying an additional 10,764 shares during the period. CWH Capital Management Inc. increased its position in shares of RLH Corporation by 5.7% in the first quarter. CWH Capital Management Inc. now owns 37,373 shares of the company’s stock valued at $263,000 after buying an additional 2,000 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in shares of RLH Corporation by 6.4% in the first quarter. TIAA CREF Investment Management LLC now owns 42,519 shares of the company’s stock valued at $300,000 after buying an additional 2,570 shares during the period. Institutional investors own 62.91% of the company’s stock.
About RLH Corporation
RLH Corporation (RLHC), formerly Red Lion Hotels Corporation, 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).
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