Extended Stay America, Inc. (STAY) to Release Earnings on Tuesday
Extended Stay America, Inc. (NYSE:STAY) will post its quarterly earnings results before the market opens on Tuesday, November 7th. Analysts expect Extended Stay America to post earnings of $0.37 per share for the quarter.
Extended Stay America (NYSE:STAY) last announced its earnings results on Tuesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The company had revenue of $338.36 million during the quarter, compared to the consensus estimate of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.31 EPS. On average, analysts expect Extended Stay America to post $1.04 EPS for the current fiscal year and $1.08 EPS for the next fiscal year.
Shares of Extended Stay America, Inc. (STAY) traded up 0.30% during trading on Tuesday, reaching $19.85. 880,915 shares of the company were exchanged. The stock has a market capitalization of $3.82 billion, a P/E ratio of 25.48 and a beta of 1.06. Extended Stay America, Inc. has a 52-week low of $13.59 and a 52-week high of $20.95. The stock has a 50-day moving average of $20.14 and a 200 day moving average of $19.07.
A hedge fund recently raised its stake in Extended Stay America stock. The Manufacturers Life Insurance Company increased its position in Extended Stay America, Inc. (NYSE:STAY) by 6.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,181 shares of the company’s stock after purchasing an additional 367 shares during the quarter. The Manufacturers Life Insurance Company ‘s holdings in Extended Stay America were worth $120,000 as of its most recent SEC filing. 99.88% of the stock is currently owned by institutional investors and hedge funds.
STAY has been the subject of a number of research reports. BidaskClub upgraded Extended Stay America from a “sell” rating to a “hold” rating in a research report on Saturday, October 7th. Zacks Investment Research lowered Extended Stay America from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Robert W. Baird reiterated a “buy” rating and issued a $21.00 price objective on shares of Extended Stay America in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $21.20.
About Extended Stay America
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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