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Extended Stay America Inc (STAY.N)

STAY.N on New York Stock Exchange

18.44USD
18 Aug 2017
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$-0.02 (-0.11%)
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Latest Key Developments (Source: Significant Developments)

Extended Stay America reports Q2 adjusted EPS of $0.31
Tuesday, 1 Aug 2017 06:45am EDT 

Aug 1 (Reuters) - Extended Stay America Inc ::Extended stay america reports second quarter 2017 results.Full year 2017 updated revenues outlook $1.28 billion to $1.30 billion .Q2 revenue $338.4 million vs I/B/E/S view $342.7 million.Q2 adjusted earnings per share $0.31.Q2 earnings per share view $0.31 -- Thomson Reuters I/B/E/S.Adjusted funds from operations for three months ended June 30, 2017 was $101.9 million, a decrease of 1.6 percent from same period in 2016.Adjusted FFO for three months ended June 30, 2017 per diluted paired share was $0.53 compared to $0.51 in same period in 2016.Full year 2017 updated net income outlook $161 million to $174 million.Full year 2017 updated capital expenditures outlook $150 million to $180 million.Qtrly comparable hotel revenue per available room grew 2.4 percent to $53.04.  Full Article

Extended Stay America announces repurchase of preferred shares
Thursday, 15 Jun 2017 04:05pm EDT 

June 15 (Reuters) - Extended Stay America Inc : :Extended Stay America announces repurchase of preferred shares.Extended Stay America Inc says company repurchased directly from selling stockholders 14,069 shares of series a preferred stock of co.Extended Stay America - entered repurchase agreement with certain selling stockholders affiliated with Centerbridge Partners L.P, Blackstone Group L.P..Extended Stay America- after repurchase, co has 7,133 preferred shares outstanding, selling stockholders no longer beneficially own any preferred shares.Extended Stay America Inc - company funded preferred share repurchase from cash on hand.  Full Article

Extended Stay America resolves lawsuit over trade secrets with competitors
Monday, 12 Jun 2017 08:00am EDT 

June 12 (Reuters) - Extended Stay America Inc :Extended Stay America says has resolved lawsuit it brought last fall against a competitors over "alleged misappropriation of confidential trade secrets".Extended Stay America - defendants to pay co $1.2 million in damages, costs, including requirement for ruby repay to co part of severance payment from co.Extended Stay America Inc - defendants have also agreed to an injunction that requires "destruction or return" of all of ESA's confidential information.Extended Stay America Inc - defendants have also agreed to an injunction that prohibits future use of any ESA confidential information.  Full Article

Extended Stay America announces pricing of underwritten secondary offering of 25 mln paired shares
Wednesday, 31 May 2017 08:00am EDT 

May 31 (Reuters) - Extended Stay America Inc :Extended stay america announces pricing of secondary offering and repurchase of paired shares.Extended stay america inc says announced pricing of underwritten secondary offering of 25 million paired shares.Extended stay america inc says offering is expected to result in gross proceeds of approximately $438.7 million.  Full Article

Extended Stay America announces secondary offering and repurchase of paired shares
Thursday, 27 Apr 2017 04:38pm EDT 

April 27 (Reuters) - Extended Stay America Inc -:Extended Stay America announces secondary offering and repurchase of paired shares.Extended Stay America Inc - extended stay america, inc. And esh hospitality, inc. Announced that they have entered into a share repurchase agreement.Announced an underwritten secondary offering of 30 million paired shares.Extended Stay America - extended stay america and esh hospitality intend to repurchase 750,000 paired shares directly from selling stockholders.  Full Article

Extended Stay America Q1 adjusted EPS $0.15
Thursday, 27 Apr 2017 06:35am EDT 

April 27 (Reuters) - Extended Stay America Inc :Extended stay america announces first quarter 2017 results.Q1 revenue rose 1.2 percent to $291 million.Q1 adjusted earnings per share $0.15.Extended stay america inc - increases 2017 outlook for revpar and adjusted ebitda.Extended stay america inc- increases 2017 outlook for revpar and adjusted ebitda.Qtrly adjusted FFO per share $0.35.Extended stay america inc - sees fy total revenues $1,285 million - $1,310 million.Says if asset sales are completed in q2, expect it will reduce 2017 total revenues by $7 million to $8 million.Extended stay america inc - sees fy revpar 1.5% - 3.5%.Extended stay america inc - sees fy net income $175 - $188 million.Extended stay america inc - if asset sales are completed in q2, expect it will reduce 2017 adjusted ebitda by $3 million to $3.5 million for full year.Q1 FFO per share view $0.38 -- Thomson Reuters I/B/E/S.Q1 earnings per share view $0.12, revenue view $289.9 million -- Thomson Reuters I/B/E/S.Fy2017 earnings per share view $1.00, revenue view $1.30 billion -- Thomson Reuters I/B/E/S.  Full Article

Extended Stay America announces secondary offering
Monday, 6 Mar 2017 05:43pm EST 

Extended Stay America Inc : Extended Stay America announces secondary offering and repurchase of paired shares . Extended Stay America Inc - announced an underwritten secondary offering of 25 million paired shares . Extended Stay America Inc - none of company's officers or directors are selling any paired shares beneficially owned by them in offering . Extended Stay America-each paired share consists of a share of stock of extended stay america and a share of class b stock of esh hospitality inc . Extended Stay America Inc - extended stay America, Inc. And esh hospitality, inc. Expect to fund share repurchase from cash on hand . Co and esh hospitality inc have entered into a share repurchase agreement with selling stockholders .Extended Stay America Inc - pursuant to agreement, intend to repurchase 625,000 paired shares directly from selling stockholders.  Full Article

Extended Stay America Q4 revenue $295.7 million
Tuesday, 28 Feb 2017 06:45am EST 

Extended Stay America Inc : Extended Stay America announces fourth quarter and full year 2016 results . Q4 same store sales rose 4.2 percent . Q4 adjusted earnings per share $0.20 . Q4 revenue $295.7 million versus I/B/E/S view $292.8 million . Q4 earnings per share view $0.14 -- Thomson Reuters I/B/E/S . Qtrly comparable hotel total revenues grew 4.2% to $295.7 million . Extended Stay America Inc sees 2017 total revenues of $1,279 million - $1,305 million . Sees 2017 total revenues in range of $1,279 million- $1,305 million . Sees 2017 revpar in range of 1% - 3% . Extended Stay America Inc sees 2017 capital expenditures of $150 million to $180 million . Sees 2017 net income in range of $ 181 million - $ 194 million . FY2017 earnings per share view $1.03, revenue view $1.30 billion -- Thomson Reuters I/B/E/S .Extended Stay America Inc sees 2017 adjusted EBITDA in range of $620 million to $635 million.  Full Article

Extended Stay America announces $100 mln increase in paired share repurchase authorization
Thursday, 5 Jan 2017 07:30am EST 

Extended Stay America Inc : Extended Stay America announces $100 million increase in paired share repurchase authorization . Extended maturity of program through December 31, 2017, each effective January 1, 2017 .Extended Stay America - board authorized an increase of combined paired share repurchase program from $200 million to $300 million of paired shares.  Full Article

Extended Stay America announces third quarter 2016 results
Tuesday, 25 Oct 2016 06:30am EDT 

Extended Stay America Inc : Extended Stay America announces third quarter 2016 results . Q3 same store sales rose 3.9 percent . Q3 revenue $354.5 million versus i/b/e/s view $352 million . Q3 adjusted earnings per share $0.36 . Extended Stay America Inc - q3 comparable hotel total revenues increase 3.9% . Q3 earnings per share view $0.34 -- Thomson Reuters I/B/E/S . Revpar for three months ended september 30, 2016 grew 7.5% over same period in 2015 . Sees FY total revenues $1,261 million - $1,267 million . Sees FY comparable hotel revenue 3.6% - 4.1% . FY2016 revenue view $1.26 billion -- Thomson Reuters I/B/E/S .Sees capital expenditures between $220 million to $235 million in fy2016.  Full Article