Equities research analysts expect Playa Hotels & Resorts NV (NASDAQ:PLYA) to announce sales of $151.33 million for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Playa Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $144.25 million and the highest estimate coming in at $160.17 million. Playa Hotels & Resorts reported sales of $126.54 million during the same quarter last year, which indicates a positive year over year growth rate of 19.6%. The firm is scheduled to report its next quarterly earnings results after the market closes on Thursday, February 28th.
On average, analysts expect that Playa Hotels & Resorts will report full year sales of $615.45 million for the current year, with estimates ranging from $605.48 million to $625.40 million. For the next year, analysts forecast that the firm will post sales of $633.03 million, with estimates ranging from $608.52 million to $649.40 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Playa Hotels & Resorts.
PLYA has been the subject of several analyst reports. Zacks Investment Research cut shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. BidaskClub cut shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, October 24th. Citigroup reiterated a “hold” rating and issued a $9.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday, November 21st. TheStreet cut shares of Playa Hotels & Resorts from a “c-” rating to a “d+” rating in a research note on Monday, December 10th. Finally, Deutsche Bank set a $14.00 target price on shares of Playa Hotels & Resorts and gave the company a “buy plya” rating in a research note on Monday, December 24th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Playa Hotels & Resorts has an average rating of “Hold” and a consensus price target of $12.00.
PLYA opened at $7.71 on Friday. The company has a quick ratio of 1.52, a current ratio of 1.63 and a debt-to-equity ratio of 1.16. Playa Hotels & Resorts has a 1 year low of $5.98 and a 1 year high of $11.48. The firm has a market capitalization of $1.01 billion, a P/E ratio of 20.29 and a beta of 0.60.
Playa Hotels & Resorts Company Profile
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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