$0.20 Earnings Per Share Expected for Extended Stay America (STAY) This Quarter

Wall Street brokerages forecast that Extended Stay America (NYSE:STAY) will post earnings of $0.20 per share for the current quarter, Zacks reports. Five analysts have made estimates for Extended Stay America’s earnings. The lowest EPS estimate is $0.18 and the highest is $0.21. Extended Stay America reported earnings of $0.19 per share in the same quarter last year, which indicates a positive year over year growth rate of 5.3%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Extended Stay America will report full-year earnings of $1.13 per share for the current financial year, with EPS estimates ranging from $1.12 to $1.15. For the next year, analysts forecast that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $0.98 to $1.24. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Extended Stay America.

Extended Stay America (NYSE:STAY) last released its earnings results on Wednesday, October 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The firm had revenue of $351.10 million during the quarter, compared to the consensus estimate of $344.17 million. During the same period in the prior year, the business earned $0.35 earnings per share. Extended Stay America’s quarterly revenue was up .1% compared to the same quarter last year.

A number of equities research analysts have recently weighed in on STAY shares. Zacks Investment Research restated a “hold” rating on shares of Extended Stay America in a research note on Friday, November 16th. Bank of America raised their price target on shares of Extended Stay America from $19.00 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 2nd. Finally, JPMorgan Chase & Co. reduced their price target on shares of Extended Stay America from $25.00 to $21.00 and set an “overweight” rating on the stock in a research note on Friday, November 2nd. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $22.56.

STAY stock traded up $0.22 during mid-day trading on Wednesday, hitting $18.42. The stock had a trading volume of 939,297 shares, compared to its average volume of 1,609,474. Extended Stay America has a 52 week low of $15.73 and a 52 week high of $22.58.

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 29th. Investors of record on Thursday, November 15th were given a dividend of $0.22 per share. The ex-dividend date was Wednesday, November 14th. This represents a $0.88 annualized dividend and a yield of 4.78%.

A number of large investors have recently bought and sold shares of STAY. Commonwealth Bank of Australia bought a new position in shares of Extended Stay America in the third quarter worth approximately $178,000. Gideon Capital Advisors Inc. purchased a new position in Extended Stay America during the third quarter worth approximately $224,000. Iberiabank Corp purchased a new position in Extended Stay America during the third quarter worth approximately $251,000. Hsbc Holdings PLC purchased a new position in Extended Stay America during the third quarter worth approximately $287,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Extended Stay America by 35.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,194 shares of the company’s stock worth $307,000 after purchasing an additional 3,715 shares in the last quarter. Institutional investors and hedge funds own 96.67% of the company’s stock.

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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