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

Equities analysts expect that Extended Stay America Inc (NYSE:STAY) will post $0.16 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Extended Stay America’s earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.17. Extended Stay America posted earnings per share of $0.20 in the same quarter last year, which suggests a negative year over year growth rate of 20%. The company is expected to issue its next quarterly earnings results 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 fiscal year, with EPS estimates ranging from $0.96 to $0.97. For the next fiscal year, analysts anticipate that the business will post earnings of $1.02 per share, with EPS estimates ranging from $0.92 to $1.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The business had revenue of $350.86 million for the quarter, compared to the consensus estimate of $359.70 million. During the same quarter last year, the business posted $0.36 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis.

Several equities analysts have recently weighed in on STAY shares. Zacks Investment Research lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Robert W. Baird reiterated a “buy” rating and issued a $21.00 target price on shares of Extended Stay America in a report on Thursday, October 12th. BidaskClub cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Wednesday, October 25th. Deutsche Bank decreased their target price on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Nomura decreased their target price on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Extended Stay America has an average rating of “Buy” and a consensus target price of $21.03.

Extended Stay America (STAY) traded down $0.32 during trading hours on Thursday, hitting $16.92. 2,860,000 shares of the stock traded hands, compared to its average volume of 2,740,000. Extended Stay America has a one year low of $15.43 and a one year 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 company has a market cap of $3,250.00, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 3.05 and a beta of 0.98.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 5th. Stockholders of record on Tuesday, November 21st were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date was Monday, November 20th. Extended Stay America’s dividend payout ratio (DPR) is 215.38%.

Several hedge funds and other institutional investors have recently bought and sold shares of STAY. Public Employees Retirement Association of Colorado lifted its position in shares of Extended Stay America by 122.8% in the second quarter. Public Employees Retirement Association of Colorado now owns 5,202 shares of the company’s stock worth $101,000 after purchasing an additional 2,867 shares in the last quarter. Cable Hill Partners LLC purchased a new stake in shares of Extended Stay America in the third quarter worth approximately $104,000. The Manufacturers Life Insurance Company lifted its position in shares of Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after purchasing an additional 367 shares in the last quarter. Bronfman E.L. Rothschild L.P. lifted its position in shares of Extended Stay America by 108.3% in the third quarter. Bronfman E.L. Rothschild L.P. now owns 7,073 shares of the company’s stock worth $141,000 after purchasing an additional 3,678 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new stake in shares of Extended Stay America in the second quarter worth approximately $148,000. 98.47% of the stock is owned by institutional investors and hedge funds.

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About Extended Stay America

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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