Extended Stay America (STAY) Earning Somewhat Positive News Coverage, Study Shows
Media headlines about Extended Stay America (NYSE:STAY) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by monitoring more than 20 million news and blog 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 media sentiment score of 0.21 on Accern’s scale. Accern also assigned headlines about the company an impact score of 46.0642254302768 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Extended Stay America (STAY) opened at 19.90 on Friday. The stock’s 50 day moving average price is $19.21 and its 200-day moving average price is $18.27. The stock has a market capitalization of $3.83 billion, a PE ratio of 25.55 and a beta of 1.06. Extended Stay America has a 12-month low of $13.00 and a 12-month high of $20.51.
Extended Stay America (NYSE:STAY) last released its earnings results on Tuesday, August 1st. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.01). The business had revenue of $338.36 million during the quarter, compared to analyst estimates of $342.70 million. Extended Stay America had a net margin of 5.24% and a return on equity of 14.53%. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.31 earnings per share. Analysts expect that Extended Stay America will post $1.02 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 29th. Investors of record on Tuesday, August 15th were paid a $0.21 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.84 annualized dividend and a yield of 4.22%. Extended Stay America’s payout ratio is currently 247.06%.
A number of analysts have issued reports on STAY shares. BidaskClub downgraded Extended Stay America from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Stifel Nicolaus raised their target price on Extended Stay America from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Wednesday, May 31st. Zacks Investment Research raised Extended Stay America from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research note on Tuesday, June 20th. Robert W. Baird reaffirmed a “buy” rating and issued a $21.00 target price on shares of Extended Stay America in a research note on Friday, September 8th. Finally, ValuEngine raised Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. Extended Stay America presently has an average rating of “Buy” and an average price target of $19.67.
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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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