Extra Space Storage Inc. [EXR] shares are down more than -1.52% this year and recently decreased -0.02% or -$2.74 to settle at $111.17. Analysts expect EXR to grow earnings at a 6.00% annual rate over the next 5 years. EXR has a short ratio of 5.59. This implies that the market is currently less bearish on the outlook for EXR.

On 3, October 2020, Extra Space Storage Inc. Announces Date of Earnings Release and Conference Call to Discuss 3rd Quarter 2020 Results. According to news published on Yahoo Finance, Extra Space Storage Inc. (the “Company”) (NYSE: EXR) announced today it will release financial results for the three and nine months ended September 30, 2020 on Wednesday, November 4, 2020 after the market closes. The Company will host a conference call at 1:00 p.m. Eastern Time on Thursday, November 5, 2020 to discuss its financial results. Hosting the call will be Extra Space Storage’s CEO, Joe Margolis. Joining him will be Scott Stubbs, Executive Vice President and CFO.

Analyst Birdseye View:

The most recent analyst activity for Extra Space Storage Inc. [NYSE:EXR] stock was on October 06, 2020, when it was Upgrade with a Mkt perform rating from Raymond James. Before that, on October 13, 2020, Jefferies Recapitulated a Buy rating and elevated its amount target to $135. On September 21, 2020, Citigroup Downgrade a Neutral rating and boosted its price target on this stock from $105 to $112. On September 01, 2020, KeyBanc Capital Markets Upgrade a Sector weight rating. On June 26, 2020, Goldman Initiated a Buy rating and increased its price target to $111. On June 15, 2020, Evercore ISI Upgrade an In-line rating. On April 17, 2020, KeyBanc Capital Markets Downgrade an Underweight rating and boosted its target amount on this stock to $82. Raymond James elevated its amount target by recapitulating a higher weight for this stock.

In the past 52 weeks of trading, this stock has oscillated between a low of $72.70 and a peak of $116.52. At the most recent market close, shares of Extra Space Storage Inc. [NYSE:EXR] were valued at $111.17.

FUNDAMENTAL ANALYSIS

Extra Space Storage Inc. [NYSE:EXR] most recently reported quarterly sales of 319.61 billion, which represented growth of 1.10%. This publicly-traded organization’s revenue is $326,279 per employee, while its income is $103,579 per employee. This company’s Gross Margin is currently 71.10%, its Operating Margin is 47.60%, its Pretax Margin is +35.01, and its Net Margin is +31.75. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 5.12, 16.93, 5.59 and 5.87 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 67.71 and the whole liability to whole assets at 62.42. It shows enduring liability to the whole principal at 60.12 and enduring liability to assets at 0.55 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 112.41 points at 1st support level, the second support level is making up to 110.90. But as of 1st resistance point, this stock is sitting at 114.76 and at 115.60 for 2nd resistance point.

Extra Space Storage Inc. [EXR] reported its earnings at $0.8 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.73/share signifying the difference of 0.07 and 9.60% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.83 calling estimates for $0.76/share with the difference of 0.07 depicting the surprise of 9.20%.

Now if looking for a valuation of this stock’s amount to sales ratio it’s 10.91, it’s amount to book ratio is 5.39 and showing 34.35 of P/E (TTM) ratio.

Insider Stories

The most recent insider trade was by Margolis Joseph D, Chief Executive Officer, and it was the sale of 2500.0 shares on Sep 23. Stubbs P Scott, the Executive VP and CFO, completed a sale of 11505.0 shares on Sep 11. On Sep 02, Kirk Spencer, Director, completed a sale of 85000.0 shares.