Equities analysts predict that Extended Stay America, Inc. (NYSE:STAY) will post $358.96 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Extended Stay America’s earnings, with estimates ranging from $358.44 million to $360.00 million. Extended Stay America posted sales of $354.52 million during the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Extended Stay America will report full-year sales of $358.96 million for the current year, with estimates ranging from $1.29 billion to $1.30 billion. For the next year, analysts forecast that the firm will report sales of $1.32 billion per share, with estimates ranging from $1.31 billion to $1.33 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Extended Stay America.

Extended Stay America (NYSE:STAY) last released its earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The firm had revenue of $338.36 million during the quarter, compared to analyst estimates of $342.70 million. During the same quarter last year, the business posted $0.31 EPS. The firm’s revenue was up 1.7% on a year-over-year basis.

A number of equities research analysts have weighed in on STAY shares. Zacks Investment Research downgraded shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Stifel Nicolaus reiterated a “buy” rating and issued a $21.00 target price (up previously from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. BidaskClub downgraded Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. TheStreet upgraded Extended Stay America from a “c+” rating to a “b” rating in a report on Friday, May 5th. Finally, ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Extended Stay America currently has a consensus rating of “Buy” and an average price target of $19.40.

A number of hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio raised its stake in shares of Extended Stay America by 177.6% in the second quarter. Public Employees Retirement System of Ohio now owns 79,515 shares of the company’s stock worth $1,539,000 after buying an additional 50,875 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Extended Stay America by 17.1% in the second quarter. Sterling Capital Management LLC now owns 79,408 shares of the company’s stock worth $1,537,000 after buying an additional 11,587 shares during the period. California State Teachers Retirement System boosted its position in shares of Extended Stay America by 99.5% in the second quarter. California State Teachers Retirement System now owns 299,231 shares of the company’s stock worth $5,793,000 after buying an additional 149,221 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Extended Stay America by 6.3% in the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after buying an additional 367 shares during the period. Finally, Arrowstreet Capital Limited Partnership boosted its position in shares of Extended Stay America by 0.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,576,008 shares of the company’s stock worth $30,512,000 after buying an additional 4,665 shares during the period.

Shares of Extended Stay America (NYSE STAY) opened at 18.46 on Friday. The firm has a market cap of $3.55 billion, a PE ratio of 23.70 and a beta of 1.06. The company has a 50 day moving average of $19.40 and a 200 day moving average of $17.94. Extended Stay America has a 52 week low of $13.00 and a 52 week high of $20.50.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th will be given a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 dividend on an annualized basis and a yield of 4.55%. Extended Stay America’s payout ratio is 247.06%.

TRADEMARK VIOLATION NOTICE: This news story was published by American Banking News and is the property of of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/08/18/brokerages-expect-extended-stay-america-inc-stay-will-announce-quarterly-sales-of-358-96-million.html.

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.

Get a free copy of the Zacks research report on Extended Stay America (STAY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Extended Stay America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Extended Stay America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.