Edition:
United States

Extended Stay America Inc (STAY.N)

STAY.N on New York Stock Exchange

22.52USD
22 Jun 2018
Change (% chg)

$0.22 (+0.99%)
Prev Close
$22.30
Open
$22.31
Day's High
$22.58
Day's Low
$22.29
Volume
1,108,348
Avg. Vol
295,926
52-wk High
$22.58
52-wk Low
$16.27

Latest Key Developments (Source: Significant Developments)

Extended Stay America Q1 Earnings Per Share $0.19
Thursday, 26 Apr 2018 04:15pm EDT 

April 26 (Reuters) - Extended Stay America Inc ::EXTENDED STAY AMERICA ANNOUNCES FIRST QUARTER 2018 RESULTS.Q1 REVENUE $297.8 MILLION VERSUS I/B/E/S VIEW $292 MILLION.Q1 EARNINGS PER SHARE $0.19.Q1 EARNINGS PER SHARE VIEW $0.17 -- THOMSON REUTERS I/B/E/S.SEES 2018 CAPITAL EXPENDITURES IN RANGE OF $ 205 MILLION TO $ 235 MILLION.SEES 2018 ADJUSTED EBITDA IN RANGE OF $600 MILLION TO $620 MILLION.  Full Article

Extended Stay America Posts Q4 Adj. EPS Of $0.19
Tuesday, 27 Feb 2018 06:40am EST 

Feb 27 (Reuters) - Extended Stay America Inc ::EXTENDED STAY AMERICA ANNOUNCES FOURTH QUARTER AND FULL YEAR 2017 RESULTS.Q4 REVENUE ROSE 2.3 PERCENT TO $302.5 MILLION.Q4 ADJUSTED EARNINGS PER SHARE $0.19.‍INCREASED PAIRED SHARE REPURCHASE AUTHORIZATION BY $100 MILLION​.‍COMPARABLE HOTEL REVPAR GREW 3.3% IN Q4​.QUARTERLY ADJUSTED FFO OF $0.40 PER DILUTED PAIRED SHARE.SEES 2018 CAPITAL EXPENDITURES BETWEEN $180 MILLION TO $210 MLN‍​.EXPECTS TO REMAIN APPROXIMATELY LEVERAGE NEUTRAL AS A RESULT OF RECENT TRANSACTIONS​.EXTENDED STAY AMERICA - FOR QUARTER, ‍PROVISIONAL INCOME TAX EXPENSE CHARGE OF $4.1 MILLION FROM 2017 TAX CUT AND JOBS ACT, OR $0.02 PER DILUTED PAIRED SHARE ​.Q4 REVENUE VIEW $300.1 MILLION -- THOMSON REUTERS I/B/E/S.  Full Article

Extended Stay America Inc Announces Extension Of Paired Share Repurchase Authorization
Tuesday, 2 Jan 2018 04:05pm EST 

Jan 2 (Reuters) - Extended Stay America Inc ::EXTENDED STAY AMERICA ANNOUNCES EXTENSION OF PAIRED SHARE REPURCHASE AUTHORIZATION.EXTENDED STAY AMERICA ANNOUNCES EXTENSION OF PAIRED SHARE REPURCHASE AUTHORIZATION.EXTENDED STAY AMERICA INC - ‍EXTENDED MATURITY OF COMBINED PAIRED SHARE REPURCHASE PROGRAM THROUGH DECEMBER 31, 2018, EACH EFFECTIVE JANUARY 1, 2018​.  Full Article

Extended Stay America Announces Leadership Transition And Updates 2017 Guidance
Monday, 18 Dec 2017 04:05pm EST 

Dec 18 (Reuters) - Extended Stay America Inc ::EXTENDED STAY AMERICA ANNOUNCES LEADERSHIP TRANSITION AND UPDATES 2017 GUIDANCE.- CFO JONATHAN HALKYARD PROMOTED TO SUCCEED GERRY LOPEZ AS CEO ON JANUARY 1, 2018.- CURRENT PRESIDENT AND CEO, GERRY LOPEZ, WILL TRANSITION TO ROLE OF SENIOR ADVISOR UNTIL MARCH 18, 2018.SEES FY 2017 TOTAL REVENUES $1,280 MILLION TO $1,284 MILLION.SEES FY 2017 NET INCOME $158 MILLION TO $163 MILLION.FY2017 REVENUE VIEW $1.28 BILLION -- THOMSON REUTERS I/B/E/S.SEES FY 2017 COMPARABLE REVPAR UP 1.6 % TO 1.9 %.  Full Article

Extended Stay America reports Q3 revenue $350.9 million
Tuesday, 7 Nov 2017 06:45am EST 

Nov 7 (Reuters) - Extended Stay America Inc :Extended Stay America reports third quarter 2017 results.Q3 revenue $350.9 million versus I/B/E/S view $359.6 million.Q3 adjusted earnings per share $0.35.Q3 earnings per share view $0.37 -- Thomson Reuters I/B/E/S.Qtrly ‍comparable hotel revenue per available room of $54.55​.Extended Stay America - ‍ Outlook for 2017 capex includes about $15 million in capital expenditures from hurricane damage, flood damage, similar events​.Extended Stay America Inc sees ‍2017 total revenues $1,273 million to $1,279 million​.Extended Stay America Inc - Sees FY comparable revpar 1.0% - 1.5%‍​.Extended Stay America Inc - Sees FY capital expenditures $163 million to $178 mln‍​.Extended Stay America Inc qtrly ‍adjusted funds from operations per paired share $0.57​.FY2017 revenue view $1.29 billion -- Thomson Reuters I/B/E/S.Extended Stay America Inc qtrly earnings per share $0.28‍​.  Full Article

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

BRIEF-Extended Stay America Appoints Christopher N. Dekle As General Counsel And Corporate Secretary

* EXTENDED STAY AMERICA APPOINTS CHRISTOPHER N. DEKLE AS GENERAL COUNSEL AND CORPORATE SECRETARY Source text for Eikon: Further company coverage: (Reuters.Briefs@thomsonreuters.com)