$288.40 Million in Sales Expected for Extended Stay America (STAY) This Quarter
Brokerages expect Extended Stay America (NYSE:STAY) to post sales of $288.40 million for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Extended Stay America’s earnings. The lowest sales estimate is $275.20 million and the highest is $296.00 million. Extended Stay America posted sales of $302.51 million in the same quarter last year, which suggests a negative year over year growth rate of 4.7%. The firm is expected to issue its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Extended Stay America will report full year sales of $1.27 billion for the current fiscal year, with estimates ranging from $1.26 billion to $1.28 billion. For the next year, analysts anticipate that the company will report sales of $1.24 billion, with estimates ranging from $1.23 billion to $1.29 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow Extended Stay America.
Several equities research analysts have recently weighed in on the company. Zacks Investment Research reissued a “hold” rating on shares of Extended Stay America in a report on Friday, November 16th. JPMorgan Chase & Co. decreased their price objective on Extended Stay America from $25.00 to $21.00 and set an “overweight” rating for the company in a report on Friday, November 2nd. Bank of America increased their price objective on Extended Stay America from $19.00 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 2nd. Finally, Morgan Stanley set a $21.00 price objective on Extended Stay America and gave the company a “buy” rating in a report on Thursday, December 20th. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $22.31.
Shares of Extended Stay America stock opened at $17.20 on Friday. Extended Stay America has a 52 week low of $14.77 and a 52 week high of $22.58.
Extended Stay America Company Profile
Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.
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