Extended Stay America (NYSE:STAY) Getting Somewhat Favorable Media Coverage, Analysis Finds
Media coverage about Extended Stay America (NYSE:STAY) has been trending somewhat positive on Saturday, Accern reports. The research firm identifies negative and positive media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extended Stay America earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave media stories about the company an impact score of 47.0302490371328 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the media stories that may have effected Accern’s rankings:
- Investec Asset Management Ltd Increases Its Ownership in Extended Stay America, Inc. (STAY) Stock (highlightpress.com)
- Extended Stay America, Inc. (STAY) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Extended Stay America, Inc. breached its 50 day moving average in a Bearish Manner : STAY-US : August 10, 2017 (finance.yahoo.com)
- ESH Hospitality, Inc. — Moody’s upgrades ESH Hospitality’s unsecured bond and secured credit facility ratings and affirms CFR; rating outlook remains positive (finance.yahoo.com)
- Extended Stay America Sees Unusually High Options Volume (NYSE:STAY) (americanbankingnews.com)
STAY has been the subject of a number of recent analyst reports. BidaskClub cut Extended Stay America from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Stifel Nicolaus upped their target price on Extended Stay America from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Wednesday, May 31st. Zacks Investment Research raised Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Tuesday, June 20th. ValuEngine raised Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Finally, TheStreet raised Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company. Extended Stay America presently has an average rating of “Hold” and an average target price of $18.67.
Shares of Extended Stay America (NYSE:STAY) opened at 18.75 on Friday. Extended Stay America has a 52-week low of $13.00 and a 52-week high of $20.50. The company has a market capitalization of $3.61 billion, a PE ratio of 24.07 and a beta of 1.06. The stock has a 50 day moving average price of $19.50 and a 200 day moving average price of $17.87.
Extended Stay America (NYSE:STAY) last issued 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 business had revenue of $338.36 million for the quarter, compared to the consensus estimate of $342.70 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. The business’s revenue was up 1.7% compared to the same quarter last year. On average, analysts predict that Extended Stay America will post $1.02 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.21 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 annualized dividend and a dividend yield of 4.48%. Extended Stay America’s dividend payout ratio is currently 247.06%.
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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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