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Last $19.00 USD
Change Today +0.12 / 0.64%
Volume 589.0K
STAY On Other Exchanges
Symbol
Exchange
New York
As of 4:15 PM 07/31/15 All times are local (Market data is delayed by at least 15 minutes).

extended stay america inc (STAY) Snapshot

Open
$19.01
Previous Close
$18.88
Day High
$19.14
Day Low
$18.90
52 Week High
08/27/14 - $24.18
52 Week Low
11/13/14 - $17.40
Market Cap
3.9B
Average Volume 10 Days
653.7K
EPS TTM
$0.34
Shares Outstanding
204.6M
EX-Date
08/11/15
P/E TM
56.7x
Dividend
$0.68
Dividend Yield
3.26%
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, 2014, the company had 682 hotels with approximately 76,000 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; and 47 hotels with approximately 5,900 rooms under the Crossland Economy Studios 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.

4,000 Employees
Last Reported Date: 02/26/15
Founded in 1995

extended stay america inc (STAY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $900.0K
Chief Financial Officer
Total Annual Compensation: $550.0K
Executive Vice President of Pricing & Revenue...
Total Annual Compensation: $381.4K
Chief Human Resources Officer and Executive V...
Total Annual Compensation: $289.0K
Chief Marketing Officer
Total Annual Compensation: $550.0K
Compensation as of Fiscal Year 2014.

extended stay america inc (STAY) Key Developments

Extended Stay America, Inc. Reports Unaudited Consolidated Earnings and Operating Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year Ending December 31, 2015

Extended Stay America, Inc. reported unaudited consolidated earnings and operating results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenues of $340,311,000 compared to $321,914,000 a year ago. Income from operations was $117,285,000 compared to $106,245,000 a year ago. Income before income tax expense was $82,657,000 compared to $60,442,000 a year ago. Net income attributable to common shareholders was $57,983,000 compared to $43,236,000 a year ago. Adjusted EBITDA was $171,718,000 compared to $157,931,000 a year ago. Adjusted paired share income was $66,773,000 or $0.33 per basic and diluted share compared to $54,665,000 or $0.27 per basic and diluted share a year ago. Total hotel revenues were $340,311,000 compared to $321,914,000 a year ago. Hotel operating profit was $194,277,000 compared to $175,161,000 a year ago. For the six months period, the company reported total revenues of $627,902,000 compared to $592,230,000 a year ago. Income from operations was $187,201,000 compared to $166,448,000 a year ago. Income before income tax expense was $119,491,000 compared to $81,582,000 a year ago. Net income attributable to common shareholders was $79,531,000 compared to $54,026,000 a year ago. Adjusted EBITDA was $294,576,000 compared to $270,207,000 a year ago. Adjusted paired share income was $97,203,000 or $0.48 per basic and diluted share compared to $77,104,000 or $0.38 per basic and diluted share a year ago. Total hotel revenues were $627,902,000 compared to $592,230,000 a year ago. Hotel operating profit was $338,447,000 compared to $305,388,000 a year ago. For the quarter, the company reported number of hotels of 682 compared to 684 a year ago. Number of rooms was 76,000 compared to 76,265 a year ago. Occupancy was 77.1 % compared to 78.8 % a year ago. RevPAR was $48.49 compared to $45.69 a year ago. For the six months, the company reported number of hotels of 682 compared to 684 a year ago. Number of rooms was 76,000 compared to 76,265 a year ago. Occupancy was 73.8 % compared to 74.4 % a year ago. RevPAR was $44.98 compared to $42.26 a year ago. The company provided earnings guidance for the year ending December 31, 2015. For the full year 2015, the company expects net income of $171,255,000 to $191,808,000, interest expense, and net of $140,000,000 to $137,000,000, depreciation and amortization of $215,000,000 to $205,000,000, EBITDA of $577,408,000 to $587,908,000 and adjusted EBITDA of $595,000,000 to $605,000,000. Effective tax rate is expected to be between 22% and 23%. Capital expenditures expect to be $190 million to $210 million.

Extended Stay America Announces Distributions for Second Quarter 2015 Payable on August 27, 2015

The Board of Directors of Extended Stay America, Inc. has declared a cash distribution of $0.02 per share for the second quarter of 2015, payable to Extended Stay America, Inc.’s common shareholders. The distributions will be payable on August 27, 2015 to shareholders of record as of August 13, 2015.

Extended Stay America, Inc. and ESH Hospitality, Inc. Announce Executive and Management Changes, Effective August 24, 2015

The Boards of Directors of Extended Stay America, Inc. and its paired-share REIT, ESH Hospitality, Inc. announced that they have appointed Gerardo (Gerry) Lopez to serve as the next President and Chief Executive Officer of both companies, effective August 24, 2015. Concurrently with the appointment of Mr. Lopez, the company’s current President and CEO, Jim Donald, will transition to the role of Senior Advisor through December 31, 2015. Mr. Lopez, 56, has deep public-company experience across diverse consumer-focused industries and most recently has been the President and Chief Executive Officer of AMC Entertainment Holdings, Inc. since 2009. Mr. Donald, 61, joined the Company in February 2012 and guided the Company through its initial public offering in November 2013.

 

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Industry Analysis

STAY

Industry Average

Valuation STAY Industry Range
Price/Earnings 76.7x
Price/Sales 3.1x
Price/Book 4.8x
Price/Cash Flow 16.0x
TEV/Sales 0.2x
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