Wall Street analysts predict that Extended Stay America Inc (NYSE:STAY) will post $0.17 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Extended Stay America’s earnings. The lowest EPS estimate is $0.15 and the highest is $0.19. Extended Stay America posted earnings per share of $0.20 in the same quarter last year, which would indicate a negative year-over-year growth rate of 15%. The business is scheduled to issue its next earnings results on Monday, January 1st.
On average, 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 financial year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.01 to $1.23. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Extended Stay America.
A number of research firms recently weighed in on STAY. Stifel Nicolaus cut their target price on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. BidaskClub lowered shares of Extended Stay America from a “hold” rating to a “sell” rating in a research note on Wednesday, October 25th. ValuEngine lowered shares of Extended Stay America from a “buy” rating to a “hold” rating in a research note on Tuesday, November 7th. Bank of America cut their target price on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Finally, Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Extended Stay America currently has a consensus rating of “Buy” and an average target price of $21.17.
A number of institutional investors and hedge funds have recently made changes to their positions in STAY. Principal Financial Group Inc. boosted its holdings in Extended Stay America by 100.6% in the third quarter. Principal Financial Group Inc. now owns 6,710,452 shares of the company’s stock valued at $134,209,000 after purchasing an additional 3,365,110 shares in the last quarter. Burgundy Asset Management Ltd. boosted its holdings in Extended Stay America by 103.7% in the third quarter. Burgundy Asset Management Ltd. now owns 2,519,786 shares of the company’s stock valued at $50,396,000 after purchasing an additional 1,283,070 shares in the last quarter. State Street Corp boosted its holdings in Extended Stay America by 111.3% in the second quarter. State Street Corp now owns 2,166,817 shares of the company’s stock valued at $41,949,000 after purchasing an additional 1,141,216 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Extended Stay America by 121.7% in the third quarter. Dimensional Fund Advisors LP now owns 1,619,437 shares of the company’s stock valued at $32,389,000 after purchasing an additional 888,945 shares in the last quarter. Finally, Mesirow Financial Investment Management Equity Management acquired a new position in Extended Stay America in the third quarter valued at approximately $17,250,000. 95.89% of the stock is owned by hedge funds and other 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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