Wall Street brokerages expect Red Lion Hotels Co. (NYSE:RLH) to report sales of $37.47 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Red Lion Hotels’ earnings, with the lowest sales estimate coming in at $37.25 million and the highest estimate coming in at $37.68 million. Red Lion Hotels posted sales of $39.96 million during the same quarter last year, which would indicate a negative year over year growth rate of 6.2%. The company is scheduled to announce its next quarterly earnings results on Monday, May 14th.
On average, analysts expect that Red Lion Hotels will report full-year sales of $37.47 million for the current fiscal year, with estimates ranging from $157.59 million to $182.41 million. For the next financial year, analysts anticipate that the firm will report sales of $179.98 million per share, with estimates ranging from $167.17 million to $192.78 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Red Lion Hotels.
Red Lion Hotels (NYSE:RLH) last released its earnings results on Wednesday, March 28th. The company reported ($0.18) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($0.01). The firm had revenue of $38.49 million for the quarter, compared to analyst estimates of $39.10 million. Red Lion Hotels had a negative return on equity of 0.02% and a net margin of 0.33%.
A number of research firms have weighed in on RLH. B. Riley reissued a “buy” rating and set a $13.75 target price on shares of Red Lion Hotels in a research report on Thursday, January 18th. Zacks Investment Research lowered shares of Red Lion Hotels from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, ValuEngine raised shares of Red Lion Hotels from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd.
A number of institutional investors have recently added to or reduced their stakes in the business. Segall Bryant & Hamill LLC increased its holdings in shares of Red Lion Hotels by 147.1% during the 4th quarter. Segall Bryant & Hamill LLC now owns 373,126 shares of the company’s stock worth $3,675,000 after purchasing an additional 222,135 shares during the period. Deutsche Bank AG increased its holdings in shares of Red Lion Hotels by 288.0% during the 4th quarter. Deutsche Bank AG now owns 67,485 shares of the company’s stock worth $663,000 after purchasing an additional 50,090 shares during the period. Brandywine Global Investment Management LLC bought a new position in shares of Red Lion Hotels during the 4th quarter worth about $166,000. Renaissance Technologies LLC increased its holdings in shares of Red Lion Hotels by 37.3% during the 4th quarter. Renaissance Technologies LLC now owns 425,900 shares of the company’s stock worth $4,195,000 after purchasing an additional 115,600 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Red Lion Hotels by 18.5% during the 4th quarter. Allianz Asset Management GmbH now owns 101,165 shares of the company’s stock worth $996,000 after purchasing an additional 15,799 shares during the period. 67.68% of the stock is owned by hedge funds and other institutional investors.
Red Lion Hotels stock traded down $0.30 on Tuesday, reaching $9.90. 33,104 shares of the stock were exchanged, compared to its average volume of 95,541. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.14 and a quick ratio of 1.14. Red Lion Hotels has a twelve month low of $6.15 and a twelve month high of $11.70.
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About Red Lion Hotels
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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