Wall Street brokerages expect Playa Hotels & Resorts NV (NASDAQ:PLYA) to announce earnings per share (EPS) of ($0.16) for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Playa Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at ($0.17) and the highest estimate coming in at ($0.16). Playa Hotels & Resorts reported earnings per share of ($0.07) during the same quarter last year, which would suggest a negative year-over-year growth rate of 128.6%. The company is scheduled to issue its next quarterly earnings results on Tuesday, November 5th.
On average, analysts expect that Playa Hotels & Resorts will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.08 to $0.17. For the next financial year, analysts forecast that the company will post earnings of $0.23 per share, with EPS estimates ranging from $0.12 to $0.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Tuesday, August 6th. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $164.02 million during the quarter, compared to the consensus estimate of $160.71 million. Playa Hotels & Resorts had a net margin of 3.72% and a return on equity of 4.47%. The company’s revenue for the quarter was up 12.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.11 EPS.
A number of analysts have weighed in on PLYA shares. SunTrust Banks set a $11.00 target price on shares of Playa Hotels & Resorts and gave the company a “buy” rating in a research report on Monday. Deutsche Bank set a $13.00 target price on shares of Playa Hotels & Resorts and gave the company a “buy” rating in a research report on Wednesday, August 7th. BidaskClub downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. Zacks Investment Research downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Finally, TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, May 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Playa Hotels & Resorts has an average rating of “Hold” and a consensus target price of $10.55.
NASDAQ:PLYA remained flat at $$7.51 on Thursday. 248,700 shares of the company’s stock were exchanged, compared to its average volume of 355,546. The company has a market cap of $963.13 million, a PE ratio of 23.47 and a beta of 0.40. The business’s fifty day moving average price is $7.46. The company has a quick ratio of 1.23, a current ratio of 1.33 and a debt-to-equity ratio of 1.14. Playa Hotels & Resorts has a twelve month low of $5.98 and a twelve month high of $10.83.
In other news, insider Brandon B. Buhler sold 4,911 shares of the firm’s stock in a transaction that occurred on Thursday, May 30th. The shares were sold at an average price of $8.12, for a total transaction of $39,877.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 3.67% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Royce & Associates LP acquired a new stake in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $1,551,000. Long Pond Capital LP acquired a new stake in shares of Playa Hotels & Resorts during the 1st quarter worth approximately $10,725,000. BlackRock Inc. grew its position in shares of Playa Hotels & Resorts by 2.9% during the 4th quarter. BlackRock Inc. now owns 1,154,224 shares of the company’s stock worth $8,299,000 after buying an additional 32,989 shares during the period. Two Sigma Investments LP acquired a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $463,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Playa Hotels & Resorts by 26.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock worth $10,900,000 after buying an additional 314,103 shares during the period. 69.52% of the stock is owned by institutional investors.
Playa Hotels & Resorts Company Profile
Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.
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