$0.17 Earnings Per Share Expected for Extended Stay America Inc (STAY) This Quarter

Equities research analysts forecast that Extended Stay America Inc (NYSE:STAY) will post $0.17 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for Extended Stay America’s earnings. The highest EPS estimate is $0.19 and the lowest is $0.15. Extended Stay America reported earnings of $0.20 per share in the same quarter last year, which would indicate a negative year over year growth rate of 15%. The business is expected to report its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Extended Stay America will report full-year earnings of $0.98 per share for the current year, with EPS estimates ranging from $0.97 to $0.99. For the next year, analysts expect that the company will post earnings of $1.12 per share, with EPS estimates ranging from $1.01 to $1.23. Zacks’ EPS averages are an average based on a survey of research firms that cover Extended Stay America.

Extended Stay America (NYSE:STAY) last released its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $350.86 million for the quarter, compared to the consensus estimate of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The company’s revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.36 EPS.

Several equities research analysts have recently commented on the company. Zacks Investment Research downgraded Extended Stay America from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Robert W. Baird restated a “buy” rating and set a $21.00 price objective on shares of Extended Stay America in a report on Thursday, October 12th. BidaskClub upgraded Extended Stay America from a “sell” rating to a “hold” rating in a report on Saturday, October 7th. Stifel Nicolaus restated a “buy” rating and set a $20.50 price objective on shares of Extended Stay America in a report on Tuesday, January 9th. Finally, Bank of America decreased their price objective on Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $21.17.

Shares of Extended Stay America (NYSE:STAY) opened at $20.49 on Friday. The company has a market capitalization of $3,940.00, a P/E ratio of 52.54, a PEG ratio of 7.04 and a beta of 0.98. Extended Stay America has a 1-year low of $15.62 and a 1-year high of $21.28. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.94.

Large investors have recently made changes to their positions in the stock. Burgundy Asset Management Ltd. boosted its position in shares of Extended Stay America by 7.6% during the second quarter. Burgundy Asset Management Ltd. now owns 1,236,716 shares of the company’s stock valued at $23,943,000 after buying an additional 87,071 shares during the last quarter. Gluskin Sheff & Assoc Inc. boosted its position in shares of Extended Stay America by 3.6% during the third quarter. Gluskin Sheff & Assoc Inc. now owns 1,491,315 shares of the company’s stock valued at $29,826,000 after buying an additional 51,412 shares during the last quarter. Keeley Teton Advisors LLC boosted its position in shares of Extended Stay America by 136.6% during the third quarter. Keeley Teton Advisors LLC now owns 81,995 shares of the company’s stock valued at $1,640,000 after buying an additional 47,340 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Extended Stay America by 1.3% during the third quarter. State of Wisconsin Investment Board now owns 465,446 shares of the company’s stock valued at $9,309,000 after buying an additional 6,094 shares during the last quarter. Finally, Macquarie Group Ltd. boosted its position in shares of Extended Stay America by 161.6% during the second quarter. Macquarie Group Ltd. now owns 322,552 shares of the company’s stock valued at $6,245,000 after buying an additional 199,245 shares during the last quarter. 98.31% of the stock is currently owned by institutional investors.

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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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