Analysts expect that Extended Stay America (NYSE:STAY) will announce $0.33 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have provided estimates for Extended Stay America’s earnings, with the highest EPS estimate coming in at $0.34 and the lowest estimate coming in at $0.32. Extended Stay America posted earnings per share of $0.35 in the same quarter last year, which would indicate a negative year over year growth rate of 5.7%. The company is scheduled to issue its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that Extended Stay America will report full-year earnings of $1.08 per share for the current year, with EPS estimates ranging from $1.06 to $1.10. For the next financial year, analysts expect that the business will post earnings of $1.12 per share, with EPS estimates ranging from $1.02 to $1.20. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Extended Stay America.

Extended Stay America (NYSE:STAY) last issued its earnings results on Wednesday, May 1st. The company reported $0.16 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.16. The firm had revenue of $277.67 million during the quarter, compared to analysts’ expectations of $273.58 million. Extended Stay America’s quarterly revenue was down 6.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.19 EPS.

A number of brokerages have recently issued reports on STAY. Deutsche Bank reiterated a “buy” rating and set a $22.00 target price on shares of Extended Stay America in a research report on Sunday, May 5th. Zacks Investment Research raised Extended Stay America from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Wednesday, May 1st. Finally, Goldman Sachs Group raised Extended Stay America from a “neutral” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.69.

NYSE STAY traded down $0.42 during trading hours on Wednesday, reaching $17.57. The stock had a trading volume of 1,755,118 shares, compared to its average volume of 1,731,999. Extended Stay America has a 52-week low of $14.77 and a 52-week high of $22.58.

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, May 16th will be paid a $0.23 dividend. The ex-dividend date is Wednesday, May 15th. This is an increase from Extended Stay America’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a dividend yield of 5.24%.

Several institutional investors and hedge funds have recently modified their holdings of STAY. Fox Run Management L.L.C. grew its holdings in shares of Extended Stay America by 76.4% during the 4th quarter. Fox Run Management L.L.C. now owns 31,146 shares of the company’s stock worth $483,000 after purchasing an additional 13,491 shares during the period. Inlet Private Wealth LLC purchased a new position in shares of Extended Stay America in the 4th quarter valued at about $245,000. Clear Harbor Asset Management LLC purchased a new position in shares of Extended Stay America in the 1st quarter valued at about $1,046,000. Dimensional Fund Advisors LP boosted its stake in shares of Extended Stay America by 8.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,835,513 shares of the company’s stock valued at $43,952,000 after buying an additional 216,776 shares during the period. Finally, Pendal Group Ltd boosted its stake in shares of Extended Stay America by 14.4% in the 4th quarter. Pendal Group Ltd now owns 111,900 shares of the company’s stock valued at $1,734,000 after buying an additional 14,100 shares during the period. 96.67% of the stock is owned by institutional investors and hedge funds.

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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Earnings History and Estimates for Extended Stay America (NYSE:STAY)

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