$0.36 EPS Expected for Extended Stay America (NYSE:STAY) This Quarter

Analysts expect Extended Stay America (NYSE:STAY) to report $0.36 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have issued estimates for Extended Stay America’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.35. Extended Stay America reported earnings per share of $0.39 in the same quarter last year, which indicates a negative year over year growth rate of 7.7%. The company is scheduled to announce its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Extended Stay America will report full-year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.10. For the next fiscal year, analysts expect that the business will report earnings of $1.08 per share, with EPS estimates ranging from $0.96 to $1.19. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that follow Extended Stay America.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01). The business had revenue of $323.70 million for the quarter, compared to analyst estimates of $317.12 million. The business’s revenue was down 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.35 earnings per share.



Several research firms have commented on STAY. Barclays set a $17.00 price target on shares of Extended Stay America and gave the company a “buy” rating in a research report on Monday. Stifel Nicolaus decreased their price target on shares of Extended Stay America from $20.50 to $18.00 and set a “buy” rating for the company in a research report on Wednesday, August 7th. Robert W. Baird set a $19.00 price target on shares of Extended Stay America and gave the company a “buy” rating in a research report on Wednesday, August 7th. Jefferies Financial Group downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating and cut their price objective for the company from $24.00 to $16.00 in a report on Thursday, August 8th. They noted that the move was a valuation call. Finally, Deutsche Bank set a $22.00 price objective on shares of Extended Stay America and gave the company a “buy” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $18.55.

In related news, insider Jonathan S. Halkyard acquired 10,000 shares of the business’s stock in a transaction dated Monday, August 12th. The shares were purchased at an average price of $14.63 per share, for a total transaction of $146,300.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.72% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Three Peaks Capital Management LLC increased its holdings in shares of Extended Stay America by 0.7% during the first quarter. Three Peaks Capital Management LLC now owns 173,119 shares of the company’s stock valued at $3,107,000 after acquiring an additional 1,157 shares in the last quarter. Raymond James Trust N.A. increased its holdings in Extended Stay America by 5.2% in the 1st quarter. Raymond James Trust N.A. now owns 29,363 shares of the company’s stock worth $527,000 after buying an additional 1,451 shares during the period. Sterling Investment Advisors Ltd. acquired a new position in Extended Stay America in the 2nd quarter worth approximately $34,000. Wetherby Asset Management Inc. increased its holdings in Extended Stay America by 13.8% in the 1st quarter. Wetherby Asset Management Inc. now owns 18,185 shares of the company’s stock worth $327,000 after buying an additional 2,200 shares during the period. Finally, Virginia Retirement Systems ET AL increased its holdings in Extended Stay America by 0.8% in the 1st quarter. Virginia Retirement Systems ET AL now owns 302,500 shares of the company’s stock worth $5,430,000 after buying an additional 2,400 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Shares of STAY stock traded down $0.66 during mid-day trading on Wednesday, hitting $14.21. 1,594,873 shares of the stock traded hands, compared to its average volume of 1,832,630. The stock’s fifty day moving average price is $16.26. Extended Stay America has a 52-week low of $12.88 and a 52-week high of $21.26.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 4th. Stockholders of record on Wednesday, August 21st will be issued a dividend of $0.23 per share. The ex-dividend date of this dividend is Tuesday, August 20th. This represents a $0.92 annualized dividend and a dividend yield of 6.47%.

Extended Stay America Company Profile

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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Earnings History and Estimates for Extended Stay America (NYSE:STAY)

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