Extended Stay America (NYSE:STAY) is scheduled to be announcing its earnings results before the market opens on Wednesday, April 25th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Extended Stay America (NYSE:STAY) last released its quarterly earnings results on Tuesday, February 27th. The company reported $0.19 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.02. Extended Stay America had a net margin of 6.15% and a return on equity of 14.42%. The company had revenue of $302.50 million for the quarter, compared to analyst estimates of $299.75 million. During the same quarter last year, the firm posted $0.20 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect Extended Stay America to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NYSE:STAY opened at $20.44 on Wednesday. Extended Stay America has a 12 month low of $16.27 and a 12 month high of $21.28. The company has a market capitalization of $3,829.84, a PE ratio of 20.44, a PEG ratio of 2.02 and a beta of 0.93. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.12 and a current ratio of 0.12.
Extended Stay America declared that its board has approved a share buyback plan on Tuesday, February 27th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its stock is undervalued.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 27th. Stockholders of record on Tuesday, March 13th were given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date was Monday, March 12th. Extended Stay America’s dividend payout ratio is 84.00%.
In related news, insider Kevin A. Henry sold 10,000 shares of the business’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $19.23, for a total transaction of $192,300.00. Following the transaction, the insider now owns 117,196 shares of the company’s stock, valued at $2,253,679.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.57% of the company’s stock.
A hedge fund recently raised its stake in Extended Stay America stock. The Manufacturers Life Insurance Company boosted its holdings in shares of Extended Stay America (NYSE:STAY) by 6.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,181 shares of the company’s stock after buying an additional 367 shares during the period. The Manufacturers Life Insurance Company’s holdings in Extended Stay America were worth $120,000 as of its most recent SEC filing. 98.89% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently commented on STAY shares. Barclays reissued an “overweight” rating and issued a $22.00 price target (up previously from $21.00) on shares of Extended Stay America in a research report on Wednesday, February 28th. Morgan Stanley lifted their price target on shares of Extended Stay America from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Monday, April 9th. ValuEngine raised shares of Extended Stay America from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Stifel Nicolaus reissued a “buy” rating and issued a $20.50 price target on shares of Extended Stay America in a research report on Tuesday, January 9th. Finally, Zacks Investment Research raised shares of Extended Stay America from a “hold” rating to a “buy” rating and set a $22.00 price target on the stock in a research report on Wednesday, February 21st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $21.28.
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About Extended Stay America
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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