Media coverage about Extended Stay America (NYSE:STAY) has trended somewhat positive on Sunday, according to Accern. The research firm identifies positive and negative news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Extended Stay America earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the company an impact score of 47.0432972164597 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the media headlines that may have effected Accern’s scoring:
Shares of Extended Stay America stock opened at $19.74 on Friday. The firm has a market cap of $3,791.62, a P/E ratio of 19.74, a price-to-earnings-growth ratio of 3.52 and a beta of 0.93. Extended Stay America has a 12 month low of $16.10 and a 12 month high of $21.28. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.12 and a current ratio of 0.12.
Extended Stay America (NYSE:STAY) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.19 EPS for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.02. The business had revenue of $302.50 million for the quarter, compared to analyst estimates of $299.75 million. Extended Stay America had a return on equity of 14.42% and a net margin of 6.15%. Extended Stay America’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $0.20 earnings per share. research analysts anticipate that Extended Stay America will post 1.1 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 27th. Shareholders of record on Tuesday, March 13th were paid a $0.21 dividend. The ex-dividend date was Monday, March 12th. This represents a $0.84 annualized dividend and a dividend yield of 4.26%. Extended Stay America’s payout ratio is presently 84.00%.
Extended Stay America announced that its Board of Directors has initiated a stock buyback plan on Tuesday, February 27th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.
A number of brokerages recently commented on STAY. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. JPMorgan Chase upgraded Extended Stay America from a “neutral” rating to an “overweight” rating and set a $21.00 price target on the stock in a report on Wednesday, December 13th. Barclays reiterated an “overweight” rating and set a $22.00 price target (up from $21.00) on shares of Extended Stay America in a report on Wednesday, February 28th. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a report on Wednesday, February 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $20.50 price target on shares of Extended Stay America in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Extended Stay America presently has an average rating of “Buy” and an average price target of $21.06.
In other Extended Stay America news, insider Kevin A. Henry sold 10,000 shares of the business’s stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $19.23, for a total value of $192,300.00. Following the sale, the insider now directly owns 117,196 shares in the company, valued at $2,253,679.08. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.57% of the company’s stock.
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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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