Wall Street brokerages forecast that Red Lion Hotels Corporation (NYSE:RLH) will report $39.10 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Red Lion Hotels Corporation’s earnings, with the lowest sales estimate coming in at $38.52 million and the highest estimate coming in at $39.67 million. Red Lion Hotels Corporation posted sales of $40.81 million in the same quarter last year, which suggests a negative year over year growth rate of 4.2%. The company is expected to issue its next quarterly earnings results on Tuesday, March 6th.

According to Zacks, analysts expect that Red Lion Hotels Corporation will report full-year sales of $39.10 million for the current fiscal year, with estimates ranging from $171.95 million to $173.10 million. For the next fiscal year, analysts forecast that the firm will report sales of $184.30 million per share, with estimates ranging from $182.41 million to $186.19 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Red Lion Hotels Corporation.

Red Lion Hotels Corporation (NYSE:RLH) last announced its earnings results on Thursday, November 2nd. The company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. The company had revenue of $51.02 million during the quarter, compared to analysts’ expectations of $50.69 million. Red Lion Hotels Corporation had a negative return on equity of 2.53% and a negative net margin of 1.81%.

RLH has been the topic of several research analyst reports. B. Riley set a $13.00 price target on Red Lion Hotels Corporation and gave the stock a “buy” rating in a research report on Thursday, August 17th. Zacks Investment Research downgraded Red Lion Hotels Corporation from a “hold” rating to a “sell” rating in a research note on Friday, October 27th. TheStreet upgraded Red Lion Hotels Corporation from a “d+” rating to a “c” rating in a research report on Friday, August 4th. Finally, ValuEngine raised Red Lion Hotels Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, September 26th.

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Shares of Red Lion Hotels Corporation (RLH) opened at $8.60 on Friday. The company has a current ratio of 1.36, a quick ratio of 1.35 and a debt-to-equity ratio of 0.46. Red Lion Hotels Corporation has a 12-month low of $6.15 and a 12-month high of $9.35.

In other news, Director Pacific Opportunity F. Columbia sold 300,000 shares of the firm’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $8.30, for a total transaction of $2,490,000.00. Following the completion of the sale, the director now directly owns 1,510,105 shares of the company’s stock, valued at approximately $12,533,871.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 14.70% of the company’s stock.

Several large investors have recently bought and sold shares of RLH. Citigroup Inc. raised its position in Red Lion Hotels Corporation by 8,341.0% in the 2nd quarter. Citigroup Inc. now owns 15,025 shares of the company’s stock worth $110,000 after purchasing an additional 14,847 shares during the last quarter. Rhumbline Advisers raised its position in Red Lion Hotels Corporation by 52.4% in the 2nd quarter. Rhumbline Advisers now owns 16,806 shares of the company’s stock worth $124,000 after purchasing an additional 5,780 shares during the last quarter. Dorsey & Whitney Trust CO LLC raised its position in Red Lion Hotels Corporation by 7.0% in the 2nd quarter. Dorsey & Whitney Trust CO LLC now owns 19,900 shares of the company’s stock worth $146,000 after purchasing an additional 1,300 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Red Lion Hotels Corporation by 11.2% during the 2nd quarter. Teachers Advisors LLC now owns 29,381 shares of the company’s stock valued at $216,000 after acquiring an additional 2,963 shares during the last quarter. Finally, Nationwide Fund Advisors raised its position in shares of Red Lion Hotels Corporation by 240.2% during the 2nd quarter. Nationwide Fund Advisors now owns 31,078 shares of the company’s stock valued at $228,000 after acquiring an additional 21,943 shares during the last quarter. Institutional investors own 64.74% of the company’s stock.

About Red Lion Hotels Corporation

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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