Equities analysts forecast that Red Lion Hotels Co. (NYSE:RLH) will post ($0.18) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Red Lion Hotels’ earnings. Red Lion Hotels reported earnings per share of ($0.22) during the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The company is scheduled to announce its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Red Lion Hotels will report full-year earnings of ($0.03) per share for the current fiscal year. For the next fiscal year, analysts forecast that the company will post earnings of $0.15 per share. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Red Lion Hotels.
Red Lion Hotels (NYSE:RLH) last released its quarterly earnings data on Wednesday, March 28th. The company reported ($0.18) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.17) by ($0.01). Red Lion Hotels had a net margin of 0.33% and a negative return on equity of 0.02%. The business had revenue of $38.49 million for the quarter, compared to the consensus estimate of $39.10 million.
RLH has been the subject of several research reports. Zacks Investment Research lowered shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a research report on Thursday, January 4th. ValuEngine upgraded shares of Red Lion Hotels from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Finally, B. Riley reiterated a “buy” rating and set a $13.75 price objective on shares of Red Lion Hotels in a research report on Thursday, January 18th.
A number of hedge funds have recently added to or reduced their stakes in RLH. Segall Bryant & Hamill LLC lifted its position in Red Lion Hotels by 147.1% during the fourth quarter. Segall Bryant & Hamill LLC now owns 373,126 shares of the company’s stock valued at $3,675,000 after purchasing an additional 222,135 shares during the last quarter. Rutabaga Capital Management LLC MA bought a new position in Red Lion Hotels during the fourth quarter valued at $1,518,000. Renaissance Technologies LLC lifted its position in Red Lion Hotels by 37.3% during the fourth quarter. Renaissance Technologies LLC now owns 425,900 shares of the company’s stock valued at $4,195,000 after purchasing an additional 115,600 shares during the last quarter. EAM Investors LLC bought a new position in Red Lion Hotels during the fourth quarter valued at $722,000. Finally, Royce & Associates LP lifted its position in Red Lion Hotels by 15.2% during the fourth quarter. Royce & Associates LP now owns 440,600 shares of the company’s stock valued at $4,340,000 after purchasing an additional 58,000 shares during the last quarter. Institutional investors and hedge funds own 67.68% of the company’s stock.
RLH stock traded down $0.35 during trading on Friday, hitting $9.85. 92,468 shares of the company’s stock traded hands, compared to its average volume of 61,245. Red Lion Hotels has a 52 week low of $6.15 and a 52 week high of $11.70. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.25.
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Red Lion Hotels Company Profile
Red Lion Hotels Corporation, a hospitality and leisure company, owns, manages, and franchises hotels under its Hotel RL, Red Lion Hotel, Red Lion Inn & Suites, GuestHouse, and Settle Inn & Suites brands primarily in the United States. The company operates through three segments: Franchised Hotels, Company Operated Hotels, and Entertainment.
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