Extended Stay America (STAY) Earning Somewhat Positive Media Coverage, Study Shows
News articles about Extended Stay America (NYSE:STAY) have trended somewhat positive on Friday, according to Accern. The research firm scores the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Extended Stay America earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.580743449448 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Extended Stay America Announces Credit Rating Upgrades (finance.yahoo.com)
- BidaskClub Downgrades Extended Stay America, Inc. (NYSE:STAY) to Sell (americanbankingnews.com)
- Investec Asset Management Ltd Increases Its Ownership in Extended Stay America, Inc. (STAY) Stock (highlightpress.com)
- Extended Stay America, Inc. (STAY) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
Shares of Extended Stay America (NYSE STAY) opened at 18.46 on Friday. The stock has a market capitalization of $3.55 billion, a price-to-earnings ratio of 23.70 and a beta of 1.06. Extended Stay America has a 52-week low of $13.00 and a 52-week high of $20.50. The stock has a 50 day moving average price of $19.40 and a 200-day moving average price of $17.94.
Extended Stay America (NYSE:STAY) last issued its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The company had revenue of $338.36 million for the quarter, compared to analyst estimates of $342.70 million. During the same quarter in the prior year, the firm earned $0.31 earnings per share. The company’s revenue for the quarter was up 1.7% on a year-over-year basis. On average, equities research analysts predict that Extended Stay America will post $1.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Shareholders of record on Tuesday, August 15th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 annualized dividend and a yield of 4.55%. Extended Stay America’s dividend payout ratio (DPR) is presently 247.06%.
A number of research firms have recently issued reports on STAY. BidaskClub lowered Extended Stay America from a “hold” rating to a “sell” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 price target for the company in a research report on Tuesday, June 20th. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a research report on Saturday, May 27th. Stifel Nicolaus upped their price target on Extended Stay America from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Wednesday, May 31st. Finally, TheStreet upgraded Extended Stay America from a “c+” rating to a “b” rating in a research report on Friday, May 5th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.40.
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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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