Red Lion Hotels (RLH) Releases Earnings Results, Misses Expectations By $0.49 EPS

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.

In related news, Director Pacific Opportunity F. Columbia sold 50,858 shares of the company’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $12.36, for a total transaction of $628,604.88. Following the completion of the transaction, the director now directly owns 500,000 shares in the company, valued at approximately $6,180,000. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Pacific Opportunity F. Columbia sold 18,200 shares of the company’s stock in a transaction on Monday, August 27th. The shares were sold at an average price of $13.90, for a total transaction of $252,980.00. Following the transaction, the director now owns 807,905 shares of the company’s stock, valued at $11,229,879.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 375,917 shares of company stock valued at $4,954,786. Corporate insiders own 19.70% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This story was first published by WKRB News and is the property of of WKRB News. If you are accessing this story on another website, it was copied illegally and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.wkrb13.com/2018/11/07/red-lion-hotels-rlh-releases-earnings-results-misses-expectations-by-0-49-eps.html.

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.

See Also: Investing strategies using the yield curve

Earnings History for Red Lion Hotels (NYSE:RLH)

Receive News & Ratings for Red Lion Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply