Somewhat Positive Media Coverage Somewhat Unlikely to Impact Extended Stay America (STAY) Stock Price

Media stories about Extended Stay America (NYSE:STAY) have been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern ranks the sentiment of press coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Extended Stay America earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.2498559919054 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

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Here are some of the news stories that may have effected Accern Sentiment’s analysis:

Wyndham (WYN) Beats on Q2 Earnings & Sales, Declares Spin-Off (finance.yahoo.com)
Extended Stay America, Inc. :STAY-US: Earnings Analysis: Q2, 2017 By the Numbers : August 3, 2017 (finance.yahoo.com)
Extended Stay America’s (STAY) CEO Gerardo Lopez on Q2 2017 Results – Earnings Call Transcript (msn.com)
Edited Transcript of STAY earnings conference call or presentation 1-Aug-17 12:30pm GMT (finance.yahoo.com)
Extended Stay America, Inc. (STAY) to Issue Quarterly Dividend of $0.21 (americanbankingnews.com)

A number of analysts recently commented on the company. BidaskClub lowered Extended Stay America from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered Extended Stay America from a “buy” rating to a “hold” rating in a research note on Saturday, July 22nd. Stifel Nicolaus restated a “buy” rating and issued a $21.00 target price (up from $20.00) on shares of Extended Stay America in a research note on Thursday, June 29th. ValuEngine upgraded Extended Stay America from a “hold” rating to a “buy” rating in a research note on Saturday, May 27th. Finally, TheStreet upgraded Extended Stay America from a “c+” rating to a “b” rating in a research note on Friday, May 5th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $18.67.

Shares of Extended Stay America (NYSE STAY) traded down 0.10% during mid-day trading on Friday, hitting $19.34. The company’s stock had a trading volume of 1,921,634 shares. Extended Stay America has a 52-week low of $13.00 and a 52-week high of $20.18. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 24.83 and a beta of 1.06. The stock’s 50 day moving average price is $19.47 and its 200 day moving average price is $17.72.

Extended Stay America (NYSE:STAY) last released its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $342.70 million. Extended Stay America had a return on equity of 14.53% and a net margin of 5.24%. The business’s quarterly revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.31 earnings per share. Equities analysts forecast that Extended Stay America will post $1.02 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, August 29th. Stockholders of record on Tuesday, August 15th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.34%. Extended Stay America’s dividend payout ratio (DPR) is currently 247.06%.

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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.