Equities analysts predict that Playa Hotels & Resorts NV (NASDAQ:PLYA) will report $25.52 million in sales for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Playa Hotels & Resorts’ earnings, with estimates ranging from $12.26 million to $44.39 million. Playa Hotels & Resorts reported sales of $132.83 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 80.8%. The firm is expected to announce its next quarterly earnings results on Wednesday, November 4th.
According to Zacks, analysts expect that Playa Hotels & Resorts will report full-year sales of $257.04 million for the current fiscal year, with estimates ranging from $229.33 million to $291.00 million. For the next year, analysts anticipate that the company will post sales of $441.05 million, with estimates ranging from $400.20 million to $488.36 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Thursday, August 6th. The company reported ($0.46) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.47) by $0.01. Playa Hotels & Resorts had a negative return on equity of 12.73% and a negative net margin of 34.82%. The firm had revenue of $0.98 million during the quarter, compared to analyst estimates of $0.61 million. During the same period in the previous year, the company earned $0.01 EPS. The company’s revenue for the quarter was down 99.4% on a year-over-year basis.
PLYA has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $8.00 target price on shares of Playa Hotels & Resorts in a report on Sunday, August 9th. Citigroup upped their price target on Playa Hotels & Resorts from $1.00 to $3.00 and gave the stock a “sell” rating in a report on Thursday, July 2nd. They noted that the move was a valuation call. BidaskClub lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research lowered Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $5.10.
PLYA opened at $3.91 on Friday. The business has a 50 day moving average price of $4.24 and a 200 day moving average price of $3.34. Playa Hotels & Resorts has a twelve month low of $1.30 and a twelve month high of $8.59. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.68 and a current ratio of 2.79. The firm has a market cap of $525.88 million, a P/E ratio of -3.23 and a beta of 2.15.
Large investors have recently made changes to their positions in the business. Glassman Wealth Services bought a new stake in Playa Hotels & Resorts in the second quarter valued at $30,000. UBS Group AG grew its position in Playa Hotels & Resorts by 874,200.0% in the second quarter. UBS Group AG now owns 8,743 shares of the company’s stock valued at $32,000 after acquiring an additional 8,742 shares during the period. M&T Bank Corp bought a new stake in Playa Hotels & Resorts in the second quarter valued at $45,000. Jane Street Group LLC bought a new stake in Playa Hotels & Resorts in the second quarter valued at $46,000. Finally, Envestnet Asset Management Inc. grew its holdings in shares of Playa Hotels & Resorts by 43.0% during the second quarter. Envestnet Asset Management Inc. now owns 19,361 shares of the company’s stock worth $70,000 after purchasing an additional 5,824 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.
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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