Zacks: Brokerages Expect Playa Hotels & Resorts NV (PLYA) to Post -$0.04 Earnings Per Share

Analysts forecast that Playa Hotels & Resorts NV (NASDAQ:PLYA) will announce ($0.04) earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings. The highest EPS estimate is ($0.01) and the lowest is ($0.07). Playa Hotels & Resorts posted earnings of ($0.05) per share in the same quarter last year, which would indicate a positive year over year growth rate of 20%. The firm is scheduled to announce its next earnings report on Monday, November 5th.

On average, analysts expect that Playa Hotels & Resorts will report full year earnings of $0.46 per share for the current year. For the next year, analysts forecast that the business will post earnings of $0.35 per share, with EPS estimates ranging from $0.29 to $0.40. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.11 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.03. The business had revenue of $145.57 million during the quarter, compared to the consensus estimate of $144.83 million. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.03 earnings per share.

A number of research analysts have commented on PLYA shares. BidaskClub cut Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, April 19th. Zacks Investment Research raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Finally, Deutsche Bank reaffirmed a “buy” rating on shares of Playa Hotels & Resorts in a report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating and four have assigned a buy rating to the company’s stock. Playa Hotels & Resorts presently has an average rating of “Hold” and a consensus price target of $14.19.

Playa Hotels & Resorts stock traded down $0.03 during midday trading on Friday, reaching $10.34. The stock had a trading volume of 136,549 shares, compared to its average volume of 219,202. The stock has a market capitalization of $1.35 billion, a P/E ratio of 21.16 and a beta of -0.17. Playa Hotels & Resorts has a twelve month low of $9.41 and a twelve month high of $11.94. The company has a current ratio of 1.79, a quick ratio of 1.57 and a debt-to-equity ratio of 1.16.

In other Playa Hotels & Resorts news, CFO Ryan Paul Hymel sold 2,922 shares of the firm’s stock in a transaction dated Thursday, May 31st. The shares were sold at an average price of $10.50, for a total transaction of $30,681.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Alexander Stadlin sold 4,924 shares of the firm’s stock in a transaction that occurred on Thursday, May 31st. The stock was sold at an average price of $10.51, for a total transaction of $51,751.24. The disclosure for this sale can be found here. Insiders sold 10,483 shares of company stock worth $110,147 over the last ninety days. 2.74% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Playa Hotels & Resorts by 12.7% in the fourth quarter. Geode Capital Management LLC now owns 479,817 shares of the company’s stock valued at $5,177,000 after acquiring an additional 54,198 shares during the last quarter. Wells Fargo & Company MN boosted its position in shares of Playa Hotels & Resorts by 7.7% during the first quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock worth $29,562,000 after purchasing an additional 206,519 shares in the last quarter. Goldman Sachs Group Inc. bought a new position in shares of Playa Hotels & Resorts during the fourth quarter worth $155,000. Raymond James & Associates boosted its position in shares of Playa Hotels & Resorts by 4.3% during the fourth quarter. Raymond James & Associates now owns 140,012 shares of the company’s stock worth $1,511,000 after purchasing an additional 5,726 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Playa Hotels & Resorts by 13.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 165,712 shares of the company’s stock worth $1,694,000 after purchasing an additional 19,242 shares in the last quarter. 68.46% of the stock is owned by institutional investors and hedge funds.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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