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Wall Street brokers expect Extended Stay America (NYSE: STAY) to record earnings per share of $ 0.38 for the current quarter, according to Zacks Investment Research. Five badysts have released earnings estimates for Extended Stay America, ranging from $ 0.37 to $ 0.40. Extended Stay America reported earnings per share of $ 0.35 in the same quarter of last year, indicating a positive growth rate of 8.6% year-over-year. The company is expected to release its next quarterly earnings report after market close on Wednesday, October 31.
According to Zacks, badysts expect Extended Stay America to announce an annual profit of $ 1.12 per share for the current fiscal year, with EPS estimates of between 1.07 and $ 1.15. Analysts expect earnings for the next fiscal year of $ 1.19, with EPS estimated to be between $ 1.11 and $ 1.41. The average earnings per share of Zacks is an average based on a survey of badysts providing coverage for Extended Stay America.
Extended Stay America (NYSE: STAY) released its quarterly results on Wednesday, July 25. The company announced earnings per share (EPS) of $ 0.35 for the quarter, up $ 0.01 from the consensus of Zacks. Extended Stay America had a return on equity of 15.18% and a net margin of 5.47%. The company had sales of $ 336.50 million in the quarter, compared with $ 336.68 million, according to badysts. In the same quarter last year, the business generated EPS of $ 0.31. Extended Stay America's revenue for the quarter was down 0.5% from the same quarter last year.
STAY has been the subject of numerous reports from badysts. Zacks Investment Research upgraded Extended Stay America from "hold" to "buy" and set a target price of $ 24.00 for the company in a research note on Monday, July 2nd. Stifel Nicolaus reissued the "buy" rating and set a price target of $ 22.50 on Extended Stay America shares in a report released on Thursday, July 26. Finally, JPMorgan Chase & Co. increased its target price on Extended Stay America shares from $ 24.00 to $ 25.00 and awarded the company an "overweight" rating in a report released on Friday. July 27th. Two equity research badysts badigned a security rating, one badigned a retention rating and nine badigned a purchase price rating for the company. Extended Stay America has an average rating of "Buy" and an average price of $ 22.95.
In the same vein, director Richard F. Wallman sold 15,000 shares in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $ 21.49, for a total value of $ 322,350.00. As a result of the transaction, the director now owns 110,798 shares of the Company, valued at approximately $ 2,381,049.02. The sale was disclosed in a document filed with the SEC, accessible via this hypertext link. In addition, insider Brian T. Nicholson bought 10,000 shares of the stock during a transaction that took place on Tuesday, July 31. The shares were purchased at an average cost of $ 21.19 per share, for a total value of $ 211,900.00. The disclosure of this purchase can be found here. 0.72% of the stock is held by insiders.
Several major investors have recently changed their positions on STAY. Brookfield Asset Management Inc. purchased a new position in shares of Extended Stay America in the first quarter valued at approximately $ 95,416,000. Millennium Management LLC increased holdings in Extended Stay America by 101.9% in the first quarter. Millennium Management LLC now holds 5,648,993 shares valued at $ 111,681,000 after acquiring 2,851,026 additional shares in the last quarter. Schroder Investment Management Group increased holdings of Extended Stay America by 998.7% in the second quarter. The Schroder Investment Management Group now holds 3,052,990 shares valued at USD 65,609,000 after acquiring 2,775,117 additional shares in the last quarter. Brown Advisory Inc. has purchased a new position in shares of Extended Stay America in the first quarter valued at approximately $ 35,433,000. Finally, Jennison Associates LLC purchased a new position in the shares of Extended Stay America in the second quarter, valued at approximately $ 22,283,000. 96.67% of the capital is owned by hedge funds and other institutional investors.
STAY shares fell by $ 0.07 during Friday's trading, reaching $ 18.46. The company's shares recorded a trading volume of 48,594 shares, compared to an average volume of 1,620,603. Extended Stay America has a minimum of $ 16.27 in one year and $ 22.58 in one year. The company has a debt-to-equity ratio of 0.98, a rapid ratio of 0.19 and a current ratio of 0.19. The company has a market capitalization of $ 4.16 billion, a PE ratio of 18.37, a PEG ratio of 2.54 and a beta of 0.96.
Company Profile Extended Stay America
Extended Stay America, Inc., as well as 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 26 hotels under the Extended Stay America brand. It serves customers in the mid-price extended stay segment.
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