Extended Stay America (NYSE:STAY) posted its earnings results on Wednesday. The company reported $0.33 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.02), Briefing.com reports. The company had revenue of $332.70 million for the quarter, compared to analyst estimates of $331.69 million. The company’s revenue for the quarter was down 5.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.39 earnings per share. Extended Stay America updated its FY19 guidance to $0.93-1.01 EPS.
Shares of NYSE:STAY traded up $0.19 during trading on Friday, reaching $14.70. The company had a trading volume of 1,786,196 shares, compared to its average volume of 1,834,823. The company has a fifty day moving average of $14.47 and a two-hundred day moving average of $15.88. Extended Stay America has a 12 month low of $12.88 and a 12 month high of $19.73.
In other news, insider Kevin A. Henry sold 7,500 shares of the stock in a transaction on Tuesday, August 27th. The shares were sold at an average price of $13.86, for a total value of $103,950.00. Following the transaction, the insider now owns 108,683 shares of the company’s stock, valued at approximately $1,506,346.38. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Jonathan S. Halkyard purchased 10,000 shares of the firm’s stock in a transaction dated Monday, August 12th. The stock was bought at an average cost of $14.63 per share, for a total transaction of $146,300.00. The disclosure for this purchase can be found here. 0.72% of the stock is owned by corporate insiders.
Extended Stay America Company Profile
Extended Stay America, Inc, together with its subsidiaries, owns, operates, and manages hotels in the United States. As of February 27, 2018, it had 599 hotels and approximately 66,000 rooms, as well as managed 26 hotels under the Extended Stay America brand. It serves customers in the mid-priced extended stay segment.
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