Brokerages predict that Extended Stay America, Inc. (NYSE:STAY) will report earnings of $0.38 per share for the current quarter, according to Zacks. Four analysts have made estimates for Extended Stay America’s earnings, with the highest EPS estimate coming in at $0.39 and the lowest estimate coming in at $0.36. Extended Stay America posted earnings of $0.36 per share during the same quarter last year, which would suggest a positive year over year growth rate of 5.6%. The firm is expected to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Extended Stay America will report full-year earnings of $1.03 per share for the current fiscal year, with EPS estimates ranging from $1.02 to $1.07. For the next fiscal year, analysts expect that the business will report earnings of $1.08 per share, with EPS estimates ranging from $0.94 to $1.21. 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.

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 business had revenue of $338.36 million during the quarter, compared to analysts’ expectations of $342.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The business’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.31 EPS.

Several equities analysts recently weighed in on STAY shares. BidaskClub downgraded shares of Extended Stay America from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Stifel Nicolaus increased their price target on shares of Extended Stay America from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Zacks Investment Research upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Tuesday, June 20th. Robert W. Baird reiterated a “buy” rating and issued a $21.00 price target on shares of Extended Stay America in a report on Friday, September 8th. Finally, ValuEngine upgraded shares of Extended Stay America from a “hold” rating to a “buy” rating in a report on Saturday, May 27th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. Extended Stay America currently has an average rating of “Buy” and an average target price of $19.67.

Extended Stay America (STAY) traded down 0.05% during trading on Friday, hitting $19.89. 1,773,630 shares of the company were exchanged. The stock has a market capitalization of $3.83 billion, a PE ratio of 25.53 and a beta of 1.06. Extended Stay America has a 1-year low of $13.00 and a 1-year high of $20.51. The firm’s 50 day moving average price is $19.21 and its 200-day moving average price is $18.27.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, August 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.22%. Extended Stay America’s payout ratio is 247.06%.

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Several large investors have recently made changes to their positions in STAY. Russell Investments Group Ltd. lifted its position in shares of Extended Stay America by 2,089.8% during the 1st quarter. Russell Investments Group Ltd. now owns 137,193 shares of the company’s stock valued at $2,187,000 after buying an additional 130,928 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Extended Stay America by 6.0% during the 1st quarter. Wells Fargo & Company MN now owns 168,655 shares of the company’s stock valued at $2,688,000 after buying an additional 9,563 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Extended Stay America by 57.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 14,559 shares of the company’s stock valued at $232,000 after buying an additional 5,300 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Extended Stay America by 74.8% during the 1st quarter. First Trust Advisors LP now owns 204,627 shares of the company’s stock valued at $3,262,000 after buying an additional 87,587 shares in the last quarter. Finally, Swiss National Bank lifted its position in shares of Extended Stay America by 29.2% during the 1st quarter. Swiss National Bank now owns 225,186 shares of the company’s stock valued at $3,589,000 after buying an additional 50,900 shares in the last quarter. Hedge funds and other institutional investors own 99.39% of the company’s stock.

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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