$40.80 Million in Sales Expected for Red Lion Hotels Corporation (RLH) This Quarter

Wall Street analysts expect Red Lion Hotels Corporation (NYSE:RLH) to post sales of $40.80 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Red Lion Hotels Corporation’s earnings, with the lowest sales estimate coming in at $39.36 million and the highest estimate coming in at $42.23 million. Red Lion Hotels Corporation reported sales of $40.81 million during the same quarter last year, which indicates a negative year over year growth rate of 0%. The firm is scheduled to announce its next earnings results on Tuesday, March 6th.

On average, analysts expect that Red Lion Hotels Corporation will report full year sales of $40.80 million for the current year, with estimates ranging from $169.81 million to $184.10 million. For the next fiscal year, analysts anticipate that the firm will report sales of $198.67 million per share, with estimates ranging from $197.20 million to $200.13 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that follow Red Lion Hotels Corporation.

Red Lion Hotels Corporation (NYSE:RLH) last announced its quarterly earnings results on Thursday, November 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.18. Red Lion Hotels Corporation had a negative net margin of 1.81% and a negative return on equity of 2.54%. The company had revenue of $51.02 million for the quarter, compared to the consensus estimate of $50.69 million.

Several brokerages recently issued reports on RLH. B. Riley reissued a “buy” rating and set a $12.50 price objective on shares of Red Lion Hotels Corporation in a research note on Tuesday, August 1st. Zacks Investment Research downgraded shares of Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. TheStreet raised shares of Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research note on Friday, August 4th. Finally, ValuEngine downgraded shares of Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research note on Friday, September 15th.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its stake in shares of Red Lion Hotels Corporation by 2.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,790,650 shares of the company’s stock valued at $13,161,000 after buying an additional 46,880 shares during the period. Eidelman Virant Capital raised its stake in Red Lion Hotels Corporation 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 purchasing an additional 86,000 shares during the period. Wellington Management Group LLP raised its stake in Red Lion Hotels Corporation by 0.9% during the first quarter. Wellington Management Group LLP now owns 721,743 shares of the company’s stock worth $5,088,000 after purchasing an additional 6,100 shares during the period. Punch & Associates Investment Management Inc. raised its stake in Red Lion Hotels Corporation by 9.1% during the second quarter. Punch & Associates Investment Management Inc. now owns 679,000 shares of the company’s stock worth $4,991,000 after purchasing an additional 56,400 shares during the period. Finally, Raffles Associates LP raised its stake in Red Lion Hotels Corporation by 6.1% during the second quarter. Raffles Associates LP now owns 644,555 shares of the company’s stock worth $4,737,000 after purchasing an additional 36,938 shares during the period. 63.73% of the stock is currently owned by institutional investors and hedge funds.

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Red Lion Hotels Corporation (NYSE RLH) opened at $8.60 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.37 and a current ratio of 1.38. Red Lion Hotels Corporation has a one year low of $6.15 and a one year high of $9.40.

Red Lion Hotels Corporation Company Profile

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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Earnings History and Estimates for Red Lion Hotels Corporation (NYSE:RLH)

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