RLH Corporation (RLH) Posts Earnings Results
RLH Corporation (NYSE:RLH) released its quarterly earnings data on Thursday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.04, Bloomberg Earnings reports. RLH Corporation had a net margin of 0.15% and a negative return on equity of 0.17%. The firm had revenue of $48.53 million for the quarter, compared to analyst estimates of $49.94 million.
RLH Corporation (NYSE:RLH) traded up 4.32% on Monday, hitting $7.25. 42,135 shares of the company were exchanged. RLH Corporation has a 52 week low of $6.15 and a 52 week high of $9.40. The stock’s market capitalization is $170.67 million. The company has a 50 day moving average price of $6.94 and a 200-day moving average price of $7.06.
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In other RLH Corporation news, Director Robert G. Wolfe bought 7,970 shares of RLH Corporation stock in a transaction dated Tuesday, May 16th. The shares were purchased at an average cost of $6.72 per share, with a total value of $53,558.40. Following the transaction, the director now directly owns 46,926 shares of the company’s stock, valued at $315,342.72. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 14.70% of the stock is owned by corporate insiders.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of RLH Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. B. Riley reaffirmed a “buy” rating and issued a $12.50 price objective on shares of RLH Corporation in a research note on Monday, June 26th.
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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