Wall Street analysts forecast that Playa Hotels & Resorts NV (NASDAQ:PLYA) will post earnings per share of ($0.14) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Playa Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at ($0.18) and the highest estimate coming in at ($0.11). Playa Hotels & Resorts reported earnings of ($0.11) per share during the same quarter last year, which indicates a negative year over year growth rate of 27.3%. The firm is scheduled to issue its next quarterly earnings report on Thursday, February 27th.
On average, analysts expect that Playa Hotels & Resorts will report full-year earnings of ($0.01) per share for the current financial year, with EPS estimates ranging from ($0.04) to $0.03. For the next fiscal year, analysts anticipate that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.05) to $0.18. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Wednesday, November 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.16) by ($0.07). The firm had revenue of $132.83 million for the quarter, compared to analyst estimates of $130.47 million. Playa Hotels & Resorts had a positive return on equity of 2.07% and a negative net margin of 0.10%. The firm’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.07) EPS.
A number of research firms have recently weighed in on PLYA. Deutsche Bank set a $13.00 target price on Playa Hotels & Resorts and gave the stock a “buy” rating in a research report on Wednesday, August 7th. ValuEngine upgraded Playa Hotels & Resorts from a “hold” rating to a “buy” rating in a report on Tuesday. SunTrust Banks lowered their price objective on Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 29th. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, TheStreet cut Playa Hotels & Resorts from a “c-” rating to a “d+” rating in a report on Wednesday, November 20th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $10.58.
Shares of NASDAQ PLYA traded down $0.07 during midday trading on Friday, hitting $7.57. The stock had a trading volume of 6,194 shares, compared to its average volume of 301,917. The company’s 50-day simple moving average is $7.77 and its 200 day simple moving average is $7.77. The firm has a market cap of $988.24 million, a P/E ratio of 23.75 and a beta of 0.30. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $8.95. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.84 and a quick ratio of 0.74.
Several hedge funds have recently bought and sold shares of the company. First Trust Advisors LP boosted its position in shares of Playa Hotels & Resorts by 64.8% in the 1st quarter. First Trust Advisors LP now owns 165,294 shares of the company’s stock worth $1,261,000 after purchasing an additional 64,972 shares during the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Playa Hotels & Resorts by 30.8% in the second quarter. State of New Jersey Common Pension Fund D now owns 85,000 shares of the company’s stock valued at $655,000 after purchasing an additional 20,000 shares during the last quarter. Aperio Group LLC acquired a new position in Playa Hotels & Resorts in the second quarter valued at about $54,000. Swiss National Bank lifted its stake in Playa Hotels & Resorts by 2.1% in the second quarter. Swiss National Bank now owns 109,300 shares of the company’s stock valued at $843,000 after buying an additional 2,200 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Playa Hotels & Resorts during the second quarter worth about $127,000. 67.79% of the stock is currently owned by institutional investors.
About Playa Hotels & Resorts
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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