$0.16 Earnings Per Share Expected for Extended Stay America Inc (STAY) This Quarter

Wall Street analysts predict that Extended Stay America Inc (NYSE:STAY) will announce $0.16 earnings per share (EPS) for the current quarter, according to Zacks. Four analysts have provided estimates for Extended Stay America’s earnings, with estimates ranging from $0.14 to $0.17. Extended Stay America reported earnings of $0.20 per share in the same quarter last year, which would indicate a negative year over year growth rate of 20%. The business is expected to issue its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Extended Stay America will report full year earnings of $0.97 per share for the current financial year, with EPS estimates ranging from $0.96 to $0.97. For the next financial year, analysts expect that the business will report earnings of $1.02 per share, with EPS estimates ranging from $0.92 to $1.17. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that follow Extended Stay America.

Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.02). Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The business had revenue of $350.86 million for the quarter, compared to analyst estimates of $359.70 million. During the same quarter last year, the business earned $0.36 EPS. Extended Stay America’s revenue for the quarter was down 1.0% compared to the same quarter last year.

Several research analysts recently weighed in on the company. ValuEngine lowered Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, November 7th. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 target price on shares of Extended Stay America in a research report on Friday, September 8th. BidaskClub raised Extended Stay America from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Stifel Nicolaus cut their target price on Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, Zacks Investment Research raised Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Thursday, October 26th. One 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 stock has a consensus rating of “Buy” and a consensus target price of $21.03.

Large investors have recently added to or reduced their stakes in the business. Burgundy Asset Management Ltd. raised its position in Extended Stay America by 7.6% in the second quarter. Burgundy Asset Management Ltd. now owns 1,236,716 shares of the company’s stock valued at $23,943,000 after purchasing an additional 87,071 shares during the period. Victory Capital Management Inc. purchased a new position in Extended Stay America in the second quarter valued at about $19,701,000. Cipher Capital LP raised its position in Extended Stay America by 159.8% in the second quarter. Cipher Capital LP now owns 201,817 shares of the company’s stock valued at $3,907,000 after purchasing an additional 124,137 shares during the period. Utah Retirement Systems raised its position in Extended Stay America by 125.7% in the second quarter. Utah Retirement Systems now owns 30,250 shares of the company’s stock valued at $585,000 after purchasing an additional 16,850 shares during the period. Finally, Raymond James Trust N.A. purchased a new position in Extended Stay America in the second quarter valued at about $506,000. 98.47% of the stock is currently owned by institutional investors.

Shares of Extended Stay America (NYSE:STAY) traded down $0.06 on Thursday, hitting $17.23. The company had a trading volume of 1,385,315 shares, compared to its average volume of 2,160,392. The company has a quick ratio of 0.11, a current ratio of 0.11 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3,320.00, a price-to-earnings ratio of 17.18, a P/E/G ratio of 3.13 and a beta of 0.98. Extended Stay America has a twelve month low of $15.43 and a twelve month high of $20.95.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Shareholders of record on Tuesday, November 21st were given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 4.88%. The ex-dividend date of this dividend was Monday, November 20th. 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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