Red Lion Hotels (RLH) Issues Quarterly Earnings Results

Red Lion Hotels (NYSE:RLH) posted its quarterly earnings data on Monday. The company reported ($0.35) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.49), Fidelity Earnings reports. The firm had revenue of $36.00 million for the quarter, compared to analysts’ expectations of $36.58 million. Red Lion Hotels had a negative return on equity of 1.97% and a net margin of 2.80%.

Shares of NYSE:RLH traded down $1.63 during trading on Tuesday, reaching $9.76. 316,022 shares of the company traded hands, compared to its average volume of 83,081. Red Lion Hotels has a 1-year low of $7.95 and a 1-year high of $14.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.57 and a quick ratio of 1.57.

In other Red Lion Hotels news, Director Pacific Opportunity F. Columbia sold 91,425 shares of Red Lion Hotels stock in a transaction on Wednesday, August 29th. The shares were sold at an average price of $13.82, for a total transaction of $1,263,493.50. Following the completion of the sale, the director now owns 807,905 shares of the company’s stock, valued at approximately $11,165,247.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Pacific Opportunity F. Columbia sold 126,822 shares of Red Lion Hotels stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $13.06, for a total transaction of $1,656,295.32. Following the completion of the sale, the director now directly owns 703,068 shares of the company’s stock, valued at approximately $9,182,068.08. The disclosure for this sale can be found here. Insiders have sold a total of 375,917 shares of company stock valued at $4,954,786 in the last three months. Company insiders own 19.70% of the company’s stock.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Red Lion Hotels from a “sell” rating to a “hold” rating and set a $15.00 target price for the company in a research note on Tuesday, August 14th. TheStreet raised shares of Red Lion Hotels from a “c” rating to a “b-” rating in a research note on Wednesday, August 15th. ValuEngine raised shares of Red Lion Hotels from a “buy” rating to a “strong-buy” rating in a research note on Saturday, July 28th. Finally, B. Riley lifted their target price on shares of Red Lion Hotels from $14.50 to $16.25 and gave the company a “buy” rating in a research note on Wednesday, July 25th.

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About Red Lion Hotels

Red Lion Hotels Corporation, doing business as RLH Corporation, operates as a hospitality and leisure company the United States. It operates in two segments, Company Operated Hotels and Franchised Hotels. The company owns, manages, and franchises upscale, midscale, and economy hotels under the Hotel RL, Red Lion Hotels, Red Lion Inn & Suites, GuestHouse, Settle Inn, Americas Best Value Inn, Canadas Best Value Inn, Signature and Signature Inn, and Country Hearth Inns & Suites brands; America's Best Inn & Suites, Jameson Inns, Lexington Hotels & Inns, and 3 Palm Hotels brands; and Value Inn Worldwide and Value Hotel Worldwide brands.

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Earnings History for Red Lion Hotels (NYSE:RLH)

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