Extended Stay America (STAY) Getting Somewhat Positive Media Coverage, Analysis Finds
News articles about Extended Stay America (NYSE:STAY) have trended somewhat positive on Tuesday, according to Accern Sentiment. 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 companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Extended Stay America earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 45.8707577958802 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
STAY has been the subject of several research reports. BidaskClub lowered Extended Stay America from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Robert W. Baird reiterated a “buy” rating and set a $21.00 price target on shares of Extended Stay America in a report on Friday, September 8th. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a report on Saturday, July 22nd. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $21.00 price target (up from $20.00) on shares of Extended Stay America in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $20.75.
Shares of Extended Stay America (NYSE STAY) opened at 20.61 on Tuesday. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 26.46 and a beta of 1.06. The stock’s 50 day moving average price is $19.59 and its 200 day moving average price is $18.63. Extended Stay America has a one year low of $13.00 and a one year high of $20.70.
Extended Stay America (NYSE:STAY) last posted its quarterly earnings data on Tuesday, August 1st. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.01). The firm had revenue of $338.36 million for the quarter, compared to the consensus estimate of $342.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The firm’s quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.31 earnings per share. Analysts expect that Extended Stay America will post $1.02 EPS for the current fiscal year.
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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