Extended Stay America (NYSE:STAY) released its earnings results on Wednesday. The company reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.01, Briefing.com reports. The company had revenue of $351.10 million for the quarter, compared to analysts’ expectations of $344.17 million. Extended Stay America had a return on equity of 15.18% and a net margin of 5.47%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.35 EPS. Extended Stay America updated its FY 2018 guidance to $1.10-1.14 EPS and its FY18 guidance to $1.10-$1.14 EPS.
STAY traded up $2.10 during trading hours on Thursday, hitting $18.38. The stock had a trading volume of 2,468,714 shares, compared to its average volume of 1,639,516. Extended Stay America has a 1 year low of $15.73 and a 1 year high of $22.58. The firm has a market cap of $4.16 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 2.54 and a beta of 0.96. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.19 and a current ratio of 0.19.
STAY has been the topic of a number of recent analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $22.50 target price on shares of Extended Stay America in a research note on Thursday, July 26th. JPMorgan Chase & Co. lifted their price objective on Extended Stay America from $24.00 to $25.00 and gave the stock an “overweight” rating in a report on Friday, July 27th. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a report on Monday, July 30th. Finally, Bank of America lowered Extended Stay America from a “buy” rating to a “neutral” rating in a report on Tuesday, October 23rd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $22.95.
About Extended Stay America
Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.
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