Media stories about Extended Stay America (NYSE:STAY) have trended somewhat positive this week, Accern reports. Accern identifies positive and negative news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extended Stay America earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave news coverage about the company an impact score of 47.5078858342021 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Shares of Extended Stay America (NYSE:STAY) traded up $0.05 during midday trading on Tuesday, reaching $17.20. 2,424,159 shares of the company were exchanged, compared to its average volume of 2,164,700. The firm has a market capitalization of $3,254.48, a PE ratio of 16.75, a P/E/G ratio of 3.05 and a beta of 0.97. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.11 and a current ratio of 0.11. Extended Stay America has a 52-week low of $15.43 and a 52-week high of $20.95.
Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.02). The firm had revenue of $350.86 million for the quarter, compared to analyst estimates of $359.70 million. Extended Stay America had a net margin of 5.83% and a return on equity of 14.53%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.36 EPS. analysts forecast that Extended Stay America will post 0.97 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 5th. Investors of record on Tuesday, November 21st were issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date was Monday, November 20th. Extended Stay America’s dividend payout ratio is currently 215.38%.
Several brokerages have recently commented on STAY. Stifel Nicolaus lowered their price target on shares of Extended Stay America from $21.00 to $19.25 and set a “buy” rating for the company in a research report on Wednesday, November 8th. BidaskClub cut shares of Extended Stay America from a “hold” rating to a “sell” rating in a research report on Wednesday, October 25th. ValuEngine cut shares of Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Bank of America decreased their price objective on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. Finally, Robert W. Baird restated a “buy” rating and set a $21.00 price objective on shares of Extended Stay America in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $21.03.
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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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