$358.96 Million in Sales Expected for Extended Stay America, Inc. (STAY) This Quarter
Wall Street brokerages expect Extended Stay America, Inc. (NYSE:STAY) to report sales of $358.96 million for the current quarter, according to Zacks. Four analysts have issued estimates for Extended Stay America’s earnings, with the highest sales estimate coming in at $360.00 million and the lowest estimate coming in at $358.44 million. Extended Stay America reported sales of $354.52 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 1.3%. The business is scheduled to report its next quarterly 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 financial year, with estimates ranging from $1.29 billion to $1.30 billion. For the next fiscal year, analysts forecast that the company will post 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 posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). The firm had revenue of $338.36 million for the quarter, compared to analysts’ expectations of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 EPS.
A number of equities research analysts have issued reports on the company. Robert W. Baird reaffirmed a “buy” rating and set a $21.00 target price on shares of Extended Stay America in a research report on Thursday. BidaskClub raised Extended Stay America from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research cut Extended Stay America from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $21.00 target price (up previously from $20.00) on shares of Extended Stay America in a research report on Thursday, June 29th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $20.75.
A number of institutional investors have recently made changes to their positions in the business. Caxton Associates LP boosted its position in Extended Stay America by 0.4% during the second quarter. Caxton Associates LP now owns 27,400 shares of the company’s stock worth $530,000 after purchasing an additional 100 shares during the period. The Manufacturers Life Insurance Company boosted its position in Extended Stay America by 6.3% during the second quarter. The Manufacturers Life Insurance Company now owns 6,181 shares of the company’s stock worth $120,000 after purchasing an additional 367 shares during the period. Public Employees Retirement System of Ohio boosted its position in Extended Stay America by 3.3% during the first quarter. Public Employees Retirement System of Ohio now owns 28,640 shares of the company’s stock worth $457,000 after purchasing an additional 918 shares during the period. Paragon Capital Management Ltd boosted its position in Extended Stay America by 15.1% during the second quarter. Paragon Capital Management Ltd now owns 11,589 shares of the company’s stock worth $224,000 after purchasing an additional 1,521 shares during the period. Finally, Reinhart Partners Inc. boosted its position in Extended Stay America by 1.4% during the second quarter. Reinhart Partners Inc. now owns 141,590 shares of the company’s stock worth $2,741,000 after purchasing an additional 1,980 shares during the period. 99.39% of the stock is owned by hedge funds and other institutional investors.
Shares of Extended Stay America (NYSE STAY) opened at 20.65 on Friday. Extended Stay America has a 1-year low of $13.26 and a 1-year high of $20.88. The stock has a market cap of $3.97 billion, a price-to-earnings ratio of 26.51 and a beta of 1.06. The stock’s 50 day moving average is $19.76 and its 200-day moving average is $18.69.
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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