Wall Street brokerages expect that Red Lion Hotels Co. (NYSE:RLH) will report sales of $39.10 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Red Lion Hotels’ earnings. The highest sales estimate is $39.67 million and the lowest is $38.52 million. Red Lion Hotels reported sales of $40.81 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.2%. The firm is expected to report its next earnings report on Tuesday, March 6th.
According to Zacks, analysts expect that Red Lion Hotels will report full-year sales of $39.10 million for the current year, with estimates ranging from $171.95 million to $173.10 million. For the next fiscal year, analysts anticipate that the company will post sales of $184.30 million per share, with estimates ranging from $182.41 million to $186.19 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Red Lion Hotels.
Several equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $13.75 target price on shares of Red Lion Hotels in a research report on Thursday, January 18th. Zacks Investment Research downgraded Red Lion Hotels from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th.
In other news, VP Thomas L. Mckeirnan sold 22,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $9.22, for a total transaction of $202,840.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 14.70% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Red Lion Hotels by 1.7% during the third quarter. Dimensional Fund Advisors LP now owns 1,821,712 shares of the company’s stock worth $15,758,000 after buying an additional 31,062 shares in the last quarter. Eidelman Virant Capital grew its position in shares of Red Lion Hotels by 7.0% during the third quarter. Eidelman Virant Capital now owns 1,315,981 shares of the company’s stock worth $11,383,000 after buying an additional 86,000 shares in the last quarter. BlackRock Inc. grew its position in shares of Red Lion Hotels by 1.2% during the fourth quarter. BlackRock Inc. now owns 1,290,678 shares of the company’s stock worth $12,713,000 after buying an additional 15,297 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Red Lion Hotels by 2.3% during the second quarter. Vanguard Group Inc. now owns 548,140 shares of the company’s stock worth $4,029,000 after buying an additional 12,461 shares in the last quarter. Finally, Royce & Associates LP grew its position in shares of Red Lion Hotels by 15.2% during the fourth quarter. Royce & Associates LP now owns 440,600 shares of the company’s stock worth $4,340,000 after buying an additional 58,000 shares in the last quarter. 69.11% of the stock is owned by institutional investors and hedge funds.
Red Lion Hotels (RLH) remained flat at $$10.35 during midday trading on Friday. 75,956 shares of the stock were exchanged, compared to its average volume of 125,764. The company has a market capitalization of $251.62, a price-to-earnings ratio of -58.33 and a beta of 0.87. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.35 and a current ratio of 1.36. Red Lion Hotels has a 52-week low of $6.15 and a 52-week high of $11.70.
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About Red Lion Hotels
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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