Red Lion Hotels Corporation (RLH) Scheduled to Post Earnings on Thursday
Red Lion Hotels Corporation (NYSE:RLH) will be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Red Lion Hotels Corporation to post earnings of $0.19 per share for the quarter.
Red Lion Hotels Corporation (NYSE:RLH) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04. Red Lion Hotels Corporation had a negative return on equity of 2.20% and a negative net margin of 2.12%. The firm had revenue of $48.53 million for the quarter, compared to analysts’ expectations of $49.94 million. On average, analysts expect Red Lion Hotels Corporation to post $-0.22 EPS for the current fiscal year and $-0.06 EPS for the next fiscal year.
Shares of Red Lion Hotels Corporation (NYSE RLH) opened at 8.95 on Thursday. The company’s market capitalization is $211.32 million. Red Lion Hotels Corporation has a 12 month low of $6.15 and a 12 month high of $9.40. The stock has a 50 day moving average price of $8.31 and a 200-day moving average price of $7.20.
A hedge fund recently raised its stake in Red Lion Hotels Corporation stock. State Street Corp increased its holdings in shares of Red Lion Hotels Corporation (NYSE:RLH) by 10.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 197,614 shares of the company’s stock after purchasing an additional 18,116 shares during the period. State Street Corp owned 0.84% of Red Lion Hotels Corporation worth $1,454,000 as of its most recent SEC filing. Institutional investors and hedge funds own 63.27% of the company’s stock.
RLH has been the topic of a number of recent research reports. B. Riley reiterated a “buy” rating and set a $12.50 price objective on shares of Red Lion Hotels Corporation in a research note on Thursday, October 5th. Zacks Investment Research downgraded shares of Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. ValuEngine upgraded shares of Red Lion Hotels Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, TheStreet upgraded shares of Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research note on Friday, August 4th.
COPYRIGHT VIOLATION WARNING: “Red Lion Hotels Corporation (RLH) Scheduled to Post Earnings on Thursday” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/10/26/red-lion-hotels-corporation-rlh-scheduled-to-post-earnings-on-thursday.html.
About Red Lion Hotels Corporation
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.
Receive News & Ratings for Red Lion Hotels Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels Corporation and related companies with MarketBeat.com's FREE daily email newsletter.