Q4 2018 EPS Estimates for Red Lion Hotels Co. (RLH) Lifted by B. Riley

Red Lion Hotels Co. (NYSE:RLH) – Equities researchers at B. Riley increased their Q4 2018 earnings per share (EPS) estimates for Red Lion Hotels in a research note issued to investors on Monday. B. Riley analyst E. Wold now forecasts that the company will earn ($0.05) per share for the quarter, up from their previous forecast of ($0.10). B. Riley has a “Buy” rating and a $13.75 price target on the stock. B. Riley also issued estimates for Red Lion Hotels’ Q1 2019 earnings at ($0.15) EPS and Q4 2019 earnings at $0.00 EPS.

Separately, Zacks Investment Research lowered Red Lion Hotels from a “hold” rating to a “sell” rating in a report on Thursday, January 4th.

Shares of Red Lion Hotels (RLH) traded down $0.05 on Wednesday, hitting $9.95. The company had a trading volume of 6,419 shares, compared to its average volume of 109,128. The company has a quick ratio of 1.35, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Red Lion Hotels has a one year low of $6.15 and a one year high of $11.70. The company has a market capitalization of $237.44, a price-to-earnings ratio of -55.27 and a beta of 0.91.

Institutional investors and hedge funds have recently modified their holdings of the stock. Nationwide Fund Advisors grew its holdings in shares of Red Lion Hotels by 71.3% in the third quarter. Nationwide Fund Advisors now owns 53,223 shares of the company’s stock worth $460,000 after acquiring an additional 22,145 shares during the period. Segall Bryant & Hamill LLC bought a new stake in Red Lion Hotels during the third quarter valued at about $1,306,000. Vanguard Group Inc. grew its holdings in Red Lion Hotels by 2.3% during the second quarter. Vanguard Group Inc. now owns 548,140 shares of the company’s stock valued at $4,029,000 after purchasing an additional 12,461 shares during the period. Alambic Investment Management L.P. bought a new stake in Red Lion Hotels during the fourth quarter valued at about $222,000. Finally, Mesirow Financial Investment Management Inc. bought a new stake in Red Lion Hotels during the fourth quarter valued at about $447,000. 67.68% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: “Q4 2018 EPS Estimates for Red Lion Hotels Co. (RLH) Lifted by B. Riley” was published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this report on another publication, it was illegally stolen and reposted in violation of U.S. & international trademark and copyright law. The correct version of this report can be read at https://ledgergazette.com/2018/03/14/q4-2018-eps-estimates-for-red-lion-hotels-co-rlh-lifted-by-b-riley.html.

About Red Lion Hotels

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.

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

Receive News & Ratings for Red Lion Hotels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Red Lion Hotels and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply