News coverage about Extended Stay America (NYSE:STAY) has been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of 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 0.23 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.7219304262537 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms recently commented on STAY. Stifel Nicolaus reaffirmed a “buy” rating and issued a $20.50 price target on shares of Extended Stay America in a research note on Tuesday. JPMorgan Chase & Co. upgraded shares of Extended Stay America from a “neutral” rating to an “overweight” rating and set a $21.00 target price on the stock in a report on Wednesday, December 13th. Bank of America dropped their target price on shares of Extended Stay America from $24.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Deutsche Bank dropped their target price on shares of Extended Stay America from $23.00 to $21.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. Finally, Nomura dropped their target price on shares of Extended Stay America from $26.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the stock. Extended Stay America currently has an average rating of “Buy” and an average price target of $21.17.
Shares of Extended Stay America (NYSE STAY) traded up $0.11 during trading on Friday, reaching $20.61. 1,383,094 shares of the company’s stock traded hands, compared to its average volume of 1,641,333. 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 one year low of $15.43 and a one year high of $20.95. The company has a market cap of $3,943.08, a PE ratio of 52.85, a price-to-earnings-growth ratio of 7.07 and a beta of 0.97.
Extended Stay America (NYSE:STAY) last issued its earnings results on Tuesday, November 7th. The company reported $0.35 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.02). Extended Stay America had a return on equity of 14.53% and a net margin of 5.83%. The business had revenue of $350.86 million for the quarter, compared to the consensus estimate of $359.70 million. During the same quarter in the previous year, the company earned $0.36 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. research analysts predict that Extended Stay America will post 0.98 earnings per share for the current year.
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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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