Last $19.24 USD
Change Today -0.36 / -1.84%
Volume 122.0K
STAY On Other Exchanges
Symbol
Exchange
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As of 3:51 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

extended stay america inc (STAY) Snapshot

Open
$19.74
Previous Close
$19.60
Day High
$19.90
Day Low
$19.16
52 Week High
02/18/14 - $26.83
52 Week Low
11/13/14 - $17.40
Market Cap
3.9B
Average Volume 10 Days
349.7K
EPS TTM
$0.44
Shares Outstanding
204.6M
EX-Date
11/18/14
P/E TM
44.2x
Dividend
$0.60
Dividend Yield
2.76%
Current Stock Chart for EXTENDED STAY AMERICA INC (STAY)

extended stay america inc (STAY) Related Businessweek News

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extended stay america inc (STAY) Details

Extended Stay America, Inc. develops, owns, and operates hotels in the United States and Canada. As of December 31, 2013, the company had 684 hotels with approximately 76,200 rooms consisting of 632 hotels with approximately 69,600 rooms under the Extended Stay America brand; 3 hotels with 500 rooms under the Extended Stay Canada brand; 47 hotels with approximately 5,900 rooms under the Crossland Economy Studios brand; and 2 hotels with 265 rooms under the Hometown Inn brand. It serves customers in the mid-priced extended stay segment. Extended Stay America, Inc. was founded in 1995 and is headquartered in Charlotte, North Carolina.

3,700 Employees
Last Reported Date: 03/20/14
Founded in 1995

extended stay america inc (STAY) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $900.0K
Interim Chief Financial Officer and Chief Ope...
Total Annual Compensation: $1.7M
Executive Vice President of Pricing & Revenue...
Total Annual Compensation: $373.3K
Advisor
Total Annual Compensation: $499.6K
Chief Marketing Officer
Total Annual Compensation: $521.1K
Compensation as of Fiscal Year 2013.

extended stay america inc (STAY) Key Developments

Extended Stay America, Inc. Announces Resignation of Ross W. McCanless as Chief Legal Officer and General Counsel, Effective November 30, 2014

On November 14, 2014, Ross W. McCanless, Chief Legal Officer and General Counsel of Extended Stay America, Inc. provided the company with notice of his resignation, effective as of November 30, 2014, to accept a position with another company.

Extended Stay America, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for Fiscal 2014; Reports Operating Results for Third Quarter and Nine Months Ended September 30, 2014

Extended Stay America, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. Total revenues for the three months ended September 30, 2014 increased 7.9% over the comparable period in 2013 to $338.6 million. Adjusted EBITDA for the three months ended September 30, 2014 increased $13.0 million to $163.1 million representing an 8.7% increase over the comparable period in 2013. Net income for the three months ended September 30, 2014 was $60.2 million, compared to net income of $46.6 million in the comparable period in 2013. The company invested $40.2 million in capital expenditures during the third quarter of 2014. Income from operations was $113,590,000 against $100,035,000 a year ago. Income before income taxes was $79,155,000, against $47,025,000 a year ago. For the nine months ended September 30, 2014, total revenues increased 7.7% over the comparable period in 2013 to $930.8 million. For the nine months ended September 30, 2014, Adjusted EBITDA increased $35.2 million to $433.3 million, an increase of 8.8%. For the nine months ended September 30, 2014, net income was $122.6 million, compared to $98.0 million in the comparable period in 2013. The company invested capital expenditures of $125.9 million year-to-date, which includes capital renovations, regular maintenance capital and information technology projects. Income from operations was $280,038,000 against $258,875,000 a year ago. Income before income taxes was $160,737,000, against $101,024,000 a year ago. The company is updating its outlook for 2014 as follows: total revenues are expected to increase 6.8% to 7.3% to approximately $1.210 to $1.216 billion. Adjusted EBITDA is expected to range between $550 to $560 million, representing approximately 6% to 8% growth over 2013. Depreciation and amortization of approximately $185 to $188 million. Interest expense of approximately $150 million. Total capital expenditures for 2014 are expected to be approximately $170 to $180 million. Net income is anticipated to range from approximately $145.5 to $154.9 million. Revenue per available room ("RevPAR") for the three months ended September 30, 2014 increased 8.2% over the comparable period in 2013, driven by an improvement in average daily rate ("ADR") of 7.4% and an increase in occupancy to 79.3% as compared to 78.7% in the comparable period in 2013. ADR growth was driven primarily by a combination of price increases and a shift in customer mix toward shorter stay, higher profit generating guests. For the nine months ended September 30, 2014, RevPAR increased 7.6% over the comparable period in 2013, driven by an increase in ADR of 6.7% and an increase in occupancy to 76.1% from 75.5%.

Extended Stay America, Inc. to Report Q3, 2014 Results on Nov 07, 2014

Extended Stay America, Inc. announced that they will report Q3, 2014 results Pre-Market on Nov 07, 2014

 

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STAY

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Valuation STAY Industry Range
Price/Earnings 45.2x
Price/Sales 3.3x
Price/Book 4.7x
Price/Cash Flow 14.9x
TEV/Sales 0.4x
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