Equities research analysts expect that Extended Stay America, Inc. (NYSE:STAY) will report $343.63 million in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Extended Stay America’s earnings. The lowest sales estimate is $340.66 million and the highest is $346.40 million. Extended Stay America posted sales of $332.79 million during the same quarter last year, which suggests a positive year over year growth rate of 3.3%. The company is expected to announce its next earnings report on Monday, January 1st.

According to Zacks, analysts expect that Extended Stay America will report full year sales of $343.63 million for the current fiscal year, with estimates ranging from $1.29 billion to $1.31 billion. For the next year, analysts forecast that the company will post sales of $1.33 billion per share, with estimates ranging from $1.33 billion to $1.34 billion. Zacks’ sales calculations are an average based on a survey of sell-side analysts that cover Extended Stay America.

Extended Stay America (NYSE:STAY) last issued its quarterly earnings results on Thursday, April 27th. The company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.03. The company had revenue of $291 million for the quarter, compared to analysts’ expectations of $290.20 million. Extended Stay America had a return on equity of 14.43% and a net margin of 5.96%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 earnings per share.

Several research firms have commented on STAY. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a report on Tuesday, June 20th. Stifel Nicolaus restated a “buy” rating and set a $21.00 price objective (up from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. BidaskClub upgraded Extended Stay America from a “buy” rating to a “strong-buy” rating in a report on Tuesday, June 27th. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. Finally, TheStreet upgraded Extended Stay America from a “c+” rating to a “b” rating in a report on Friday, May 5th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $19.00.

Shares of Extended Stay America (STAY) traded up 0.21% during midday trading on Friday, reaching $19.20. The company had a trading volume of 663,494 shares. The firm’s 50 day moving average price is $18.47 and its 200-day moving average price is $17.16. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 23.13 and a beta of 1.06. Extended Stay America has a 1-year low of $13.00 and a 1-year high of $19.98.

In other news, major shareholder Paulson & Co. Inc. sold 10,250,000 shares of Extended Stay America stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $17.23, for a total value of $176,607,500.00. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 0.49% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in shares of Extended Stay America during the first quarter valued at $105,000. Asset Management One Co. Ltd. increased its position in shares of Extended Stay America by 134.4% in the first quarter. Asset Management One Co. Ltd. now owns 7,500 shares of the company’s stock valued at $120,000 after buying an additional 4,300 shares during the period. Envestnet Asset Management Inc. increased its position in shares of Extended Stay America by 50.7% in the first quarter. Envestnet Asset Management Inc. now owns 7,898 shares of the company’s stock valued at $126,000 after buying an additional 2,658 shares during the period. TLP Group LLC acquired a new position in shares of Extended Stay America during the first quarter valued at $135,000. Finally, Paragon Capital Management Ltd acquired a new position in shares of Extended Stay America during the first quarter valued at $160,000. Hedge funds and other institutional investors own 92.12% of the company’s stock.

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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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