Revenue Update on Extended Stay America Inc(NYSE:STAY)

Extended Stay America Inc(NYSE:STAY) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 28, 2016. Company reported revenue of $332.79M. Analysts estimated a revenue of $337.16M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.29.

Extended Stay America Inc (STAY) made into the market gainers list on Thursdays trading session with the shares advancing 0.43% or 0.06 points. Due to strong positive momentum, the stock ended at $13.86, which is also near the day’s high of $13.94. The stock began the session at $13.86 and the volume stood at 1,83,453 shares. The 52-week high of the shares is $19.86 and the 52 week low is $10.56. The company has a current market capitalization of $2,782 M and it has 20,07,08,400 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On Mar 4, 2016, William A Kussell (director) sold 40,000 shares at $14.76 per share price.Also, On Mar 3, 2016, Richard F Wallman (director) purchased 5,000 shares at $15.00 per share price.On Nov 20, 2015, & Co. Inc. Paulson (10% owner) sold 5,000,000 shares at $16.64 per share price, according to the Form-4 filing with the securities and exchange commission.

Extended Stay America Inc. (Extended Stay) is an integrated owner/operator of company-branded hotels in North America. The Company’s business operates in the extended stay lodging industry. The Company owns and operates approximately 682 hotels comprising approximately 76000 rooms located in 44 states across the United States and in Canada. It owns and operates approximately 632 of its hotels under its brand Extended Stay America which serves the mid-price extended stay segment. In addition the Company owns and operates three Extended Stay Canada hotels and approximately 47 hotels in the economy extended stay segment under the Crossland Economy Studios brand. The Company operates approximately 682 hotels owned by its subsidiary ESH Hospitality Inc. (ESH REIT). The Company’s hotels feature furnished rooms with in-room kitchens complimentary grab-and-go breakfast free WiFi flat screen TVs and limited housekeeping service.

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