Analysts predict that Extended Stay America Inc (NYSE:STAY) will report earnings of $0.16 per share for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Extended Stay America’s earnings, with estimates ranging from $0.14 to $0.17. Extended Stay America posted earnings per share of $0.20 during the same quarter last year, which indicates a negative year-over-year growth rate of 20%. The company is expected to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Extended Stay America will report full year earnings of $0.97 per share for the current year, with EPS estimates ranging from $0.96 to $0.97. For the next financial year, analysts forecast that the firm will post earnings of $1.02 per share, with EPS estimates ranging from $0.92 to $1.17. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Extended Stay America.
Extended Stay America (NYSE:STAY) last posted its earnings results on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.02). The firm had revenue of $350.86 million for the quarter, compared to the consensus estimate of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The firm’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.36 earnings per share.
STAY has been the subject of a number of analyst reports. Zacks Investment Research downgraded Extended Stay America from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Robert W. Baird restated a “buy” rating and issued a $21.00 price target on shares of Extended Stay America in a research report on Thursday, October 12th. BidaskClub downgraded Extended Stay America from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Deutsche Bank decreased their target price on Extended Stay America from $23.00 to $21.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. Finally, Nomura decreased their target price on Extended Stay America from $26.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $21.03.
Institutional investors and hedge funds have recently bought and sold shares of the business. Caxton Associates LP grew its stake in shares of Extended Stay America by 0.4% during the second quarter. Caxton Associates LP now owns 27,400 shares of the company’s stock worth $530,000 after acquiring an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company grew its stake in shares of Extended Stay America by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after acquiring an additional 367 shares during the last quarter. Teacher Retirement System of Texas grew its stake in shares of Extended Stay America by 20.6% during the third quarter. Teacher Retirement System of Texas now owns 15,910 shares of the company’s stock worth $318,000 after acquiring an additional 2,716 shares during the last quarter. Public Employees Retirement Association of Colorado grew its stake in shares of Extended Stay America by 122.8% during the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after acquiring an additional 2,867 shares during the last quarter. Finally, Greenwood Capital Associates LLC grew its stake in shares of Extended Stay America by 8.1% during the third quarter. Greenwood Capital Associates LLC now owns 43,734 shares of the company’s stock worth $875,000 after acquiring an additional 3,283 shares during the last quarter. Institutional investors own 98.47% of the company’s stock.
Shares of Extended Stay America (STAY) traded up $0.05 on Thursday, reaching $17.20. The company had a trading volume of 2,424,159 shares, compared to its average volume of 2,164,700. The company has a market capitalization of $3,254.48, a P/E ratio of 16.75, a PEG ratio of 3.05 and a beta of 0.97. Extended Stay America has a 12 month low of $15.43 and a 12 month high of $20.95. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st were paid a $0.21 dividend. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.84 annualized dividend and a yield of 4.88%. Extended Stay America’s dividend payout ratio (DPR) is presently 215.38%.
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Extended Stay America Company Profile
Extended Stay America, Inc is a owner/operator of company-branded hotels in North America. The Company operates in the extended stay lodging industry. The Company owns and operates approximately 700 hotel properties consisting of approximately 75,900 rooms located in 44 states across the United States of America and in Canada.
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