Red Lion Hotels Co. to Post FY2019 Earnings of ($0.61) Per Share, B. Riley Forecasts (NYSE:RLH)

Red Lion Hotels Co. (NYSE:RLH) – Equities research analysts at B. Riley lowered their FY2019 earnings per share (EPS) estimates for Red Lion Hotels in a report released on Monday, November 11th. B. Riley analyst E. Wold now expects that the company will post earnings per share of ($0.61) for the year, down from their previous forecast of ($0.17). B. Riley has a “Neutral” rating and a $3.75 price target on the stock. B. Riley also issued estimates for Red Lion Hotels’ Q4 2019 earnings at ($0.19) EPS, Q1 2020 earnings at ($0.20) EPS, Q2 2020 earnings at ($0.15) EPS, Q3 2020 earnings at ($0.02) EPS, Q4 2020 earnings at ($0.18) EPS and FY2020 earnings at ($0.55) EPS.

Several other research analysts have also issued reports on the company. Craig Hallum lowered Red Lion Hotels from a “buy” rating to a “hold” rating in a report on Monday. ValuEngine lowered Red Lion Hotels from a “buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, Zacks Investment Research upgraded Red Lion Hotels from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Four research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and an average target price of $6.25.

Shares of Red Lion Hotels stock opened at $2.69 on Wednesday. Red Lion Hotels has a one year low of $2.60 and a one year high of $10.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.06 and a quick ratio of 1.06. The stock’s 50-day moving average is $6.05 and its 200 day moving average is $6.61. The firm has a market cap of $71.83 million, a price-to-earnings ratio of -5.98 and a beta of 0.88.

Large investors have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. increased its holdings in Red Lion Hotels by 12.1% in the second quarter. Mesirow Financial Investment Management Inc. now owns 57,820 shares of the company’s stock worth $410,000 after buying an additional 6,250 shares during the last quarter. Creative Planning increased its holdings in Red Lion Hotels by 21.4% in the second quarter. Creative Planning now owns 17,000 shares of the company’s stock worth $121,000 after buying an additional 3,000 shares during the last quarter. Cpwm LLC increased its holdings in Red Lion Hotels by 13.2% in the second quarter. Cpwm LLC now owns 17,988 shares of the company’s stock worth $128,000 after buying an additional 2,100 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Red Lion Hotels by 0.8% in the second quarter. JPMorgan Chase & Co. now owns 465,258 shares of the company’s stock worth $3,220,000 after buying an additional 3,528 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Red Lion Hotels by 71.4% in the second quarter. Russell Investments Group Ltd. now owns 551,604 shares of the company’s stock worth $3,921,000 after buying an additional 229,713 shares during the last quarter. Institutional investors and hedge funds own 75.14% of the company’s stock.

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, Knights Inn, and Country Hearth Inns & Suites brands.

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

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