Extended Stay America Inc (STAY) Expected to Post Quarterly Sales of $301.06 Million

Analysts forecast that Extended Stay America Inc (NYSE:STAY) will report sales of $301.06 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Extended Stay America’s earnings, with estimates ranging from $298.72 million to $302.25 million. Extended Stay America posted sales of $295.73 million during the same quarter last year, which would indicate a positive year over year growth rate of 1.8%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, February 27th.

On average, analysts expect that Extended Stay America will report full year sales of $301.06 million for the current fiscal year. For the next fiscal year, analysts expect that the firm will report sales of $1.30 billion per share, with estimates ranging from $1.30 billion to $1.31 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Extended Stay America.

A number of research analysts have recently issued reports on STAY shares. Zacks Investment Research downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a research report on Wednesday, November 1st. Stifel Nicolaus reaffirmed a “buy” rating and issued a $19.50 price objective (up previously from $19.25) on shares of Extended Stay America in a research report on Tuesday, December 19th. BidaskClub downgraded shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. Deutsche Bank cut their price objective on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. Finally, Nomura cut their price objective on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating on the stock in a research report on Wednesday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $21.06.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. lifted its stake in shares of Extended Stay America by 100.6% in the 3rd quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock valued at $134,209,000 after purchasing an additional 3,365,110 shares during the period. Goldman Sachs Group Inc. lifted its stake in shares of Extended Stay America by 7.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 3,713,386 shares of the company’s stock valued at $70,554,000 after purchasing an additional 253,006 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of Extended Stay America by 33.6% in the 4th quarter. Burgundy Asset Management Ltd. now owns 3,367,597 shares of the company’s stock valued at $63,984,000 after purchasing an additional 847,811 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in shares of Extended Stay America by 17.2% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 3,113,675 shares of the company’s stock valued at $59,161,000 after purchasing an additional 456,300 shares during the period. Finally, OppenheimerFunds Inc. lifted its stake in shares of Extended Stay America by 17.5% in the 4th quarter. OppenheimerFunds Inc. now owns 2,824,932 shares of the company’s stock valued at $53,674,000 after purchasing an additional 420,457 shares during the period. Institutional investors and hedge funds own 95.74% of the company’s stock.

Shares of Extended Stay America (STAY) traded down $0.09 during trading on Friday, hitting $19.60. 1,154,400 shares of the stock were exchanged, compared to its average volume of 1,782,924. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11. Extended Stay America has a 52-week low of $15.63 and a 52-week high of $21.28. The stock has a market cap of $3,769.97, a P/E ratio of 50.26, a P/E/G ratio of 6.70 and a beta of 1.00.

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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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