Red Lion Hotels (NYSE:RLH) issued its quarterly earnings data on Monday. The company reported ($0.35) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.49), Fidelity Earnings reports. Red Lion Hotels had a negative return on equity of 1.97% and a net margin of 2.80%. The firm had revenue of $36.00 million during the quarter, compared to analyst estimates of $36.58 million.
NYSE:RLH traded up $0.16 during trading hours on Wednesday, hitting $9.74. 1,274 shares of the company traded hands, compared to its average volume of 83,081. Red Lion Hotels has a twelve month low of $7.95 and a twelve month high of $14.75. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.27.
A number of brokerages have recently weighed in on RLH. ValuEngine cut shares of Red Lion Hotels from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research cut shares of Red Lion Hotels from a “buy” rating to a “hold” rating in a research note on Thursday, October 11th. TheStreet cut shares of Red Lion Hotels from a “b-” rating to a “c” rating in a research note on Friday, September 21st. Finally, B. Riley boosted their price objective on shares of Red Lion Hotels from $14.50 to $16.25 and gave the stock a “buy” rating in a research note on Wednesday, July 25th.
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Red Lion Hotels Company Profile
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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