US: Wall Street brokerages expect Extended Stay America (ESA) to post sales of $288.41 million for the current quarter.
Zacks Investment Research reports that five analysts have issued estimates for Extended Stay America’s earnings, with the highest sales estimate coming in at $296 million and the lowest estimate coming in at $275.20 million. Extended Stay America reported sales of $302.51 million during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7 per cent. The business is scheduled to issue its next quarterly earnings report on Monday, January 1st.
According to Zacks, analysts expect that Extended Stay America will report full-year sales of $1.27 billion for the current year, with estimates ranging from $1.26 billion to $1.28 billion. For the next year, analysts anticipate that the firm will post sales of $1.24 billion, with estimates ranging from $1.23 billion to $1.29 billion.
Extended Stay America (NYSE:STAY) last released its earnings results on Wednesday, October 31st. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The business had revenue of $351.10 million for the quarter, compared to analyst estimates of $344.17 million. During the same period in the prior year, the company earned $0.35 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Thursday, November 29th. Stockholders of record on Thursday, November 15th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, November 14th. This represents a $0.88 dividend on an annualised basis and a dividend yield of 4.85 per cent.
Extended Stay America and ESH Hospitality recently completed the sale of two portfolios totalling 32 branded Extended Stay America hotels.
