Equities analysts expect Extended Stay America, Inc. (NASDAQ:STAY) to announce $249.47 million in sales for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Extended Stay America’s earnings, with the highest sales estimate coming in at $255.00 million and the lowest estimate coming in at $245.61 million. Extended Stay America posted sales of $272.40 million during the same quarter last year, which suggests a negative year over year growth rate of 8.4%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Extended Stay America will report full year sales of $1.03 billion for the current financial year, with estimates ranging from $1.03 billion to $1.04 billion. For the next fiscal year, analysts expect that the business will post sales of $1.14 billion, with estimates ranging from $1.12 billion to $1.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Extended Stay America.
Separately, BidaskClub raised shares of Extended Stay America from a “sell” rating to a “hold” rating in a report on Monday, November 2nd.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Investors of record on Tuesday, November 24th will be issued a $0.01 dividend. This represents a $0.04 annualized dividend and a yield of 0.31%. The ex-dividend date is Monday, November 23rd. Extended Stay America’s dividend payout ratio is 4.21%.
About Extended Stay America
Extended Stay America, Inc, together with its subsidiaries, owns, operates, develops, and manages hotels in the United States. As of May 4, 2020, the company had a network of 634 hotels. It serves customers in the mid-priced extended stay segment. The company also licenses Extended Stay America brand to third party franchisees.
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