Extended Stay America (NYSE:STAY) issued its quarterly earnings results on Tuesday. The company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02, Bloomberg Earnings reports. Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The company had revenue of $302.50 million for the quarter, compared to analyst estimates of $299.75 million. During the same quarter in the prior year, the company posted $0.20 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year.
Extended Stay America (NYSE:STAY) traded up $0.48 during mid-day trading on Tuesday, hitting $20.00. The stock had a trading volume of 831,624 shares, compared to its average volume of 1,789,669. The firm has a market cap of $3,754.58, a P/E ratio of 19.33, a price-to-earnings-growth ratio of 6.67 and a beta of 1.00. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.94. Extended Stay America has a 1-year low of $15.63 and a 1-year high of $21.28.
STAY has been the topic of a number of recent analyst reports. Nomura reduced their price target on Extended Stay America from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Wednesday, November 8th. Stifel Nicolaus dropped their price objective on Extended Stay America from $21.00 to $19.25 and set a “buy” rating for the company in a report on Wednesday, November 8th. Bank of America dropped their price objective on Extended Stay America from $24.00 to $21.00 and set a “buy” rating for the company in a report on Wednesday, November 8th. JPMorgan Chase & Co. upgraded Extended Stay America from a “neutral” rating to an “overweight” rating and set a $21.00 price objective for the company in a report on Wednesday, December 13th. Finally, ValuEngine downgraded Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Extended Stay America presently has an average rating of “Buy” and an average price target of $20.94.
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About Extended Stay America
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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