Red Lion Hotels Corporation (RLH) Releases Earnings Results, Beats Estimates By $0.04 EPS

Red Lion Hotels Corporation (NYSE:RLH) issued its earnings results on Thursday. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.04, Bloomberg Earnings reports. The business had revenue of $48.53 million during the quarter, compared to the consensus estimate of $49.94 million. Red Lion Hotels Corporation had a negative return on equity of 1.91% and a negative net margin of 2.03%.

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Shares of Red Lion Hotels Corporation (RLH) traded up 4.51% during trading on Friday, hitting $6.95. The stock had a trading volume of 24,183 shares. Red Lion Hotels Corporation has a one year low of $6.15 and a one year high of $9.40. The firm’s market cap is $163.61 million. The firm’s 50-day moving average is $6.94 and its 200-day moving average is $7.06.

A number of brokerages have recently issued reports on RLH. Zacks Investment Research downgraded Red Lion Hotels Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, June 29th. B. Riley reissued a “buy” rating and set a $12.50 target price on shares of Red Lion Hotels Corporation in a research note on Monday, June 26th.

In other Red Lion Hotels Corporation news, Director Robert G. Wolfe acquired 7,970 shares of Red Lion Hotels Corporation stock in a transaction dated Tuesday, May 16th. The stock was acquired at an average cost of $6.72 per share, for a total transaction of $53,558.40. Following the completion of the transaction, the director now owns 46,926 shares in the company, valued at approximately $315,342.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 14.70% of the company’s stock.

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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.