Playa Hotels & Resorts NV (PLYA) Expected to Post Quarterly Sales of $151.33 Million

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.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. raised its holdings in Playa Hotels & Resorts by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 186,076 shares of the company’s stock valued at $2,010,000 after acquiring an additional 20,364 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Playa Hotels & Resorts by 10.2% in the 2nd quarter. BlackRock Inc. now owns 335,764 shares of the company’s stock worth $3,627,000 after acquiring an additional 31,117 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Playa Hotels & Resorts by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock worth $12,192,000 after acquiring an additional 197,520 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in Playa Hotels & Resorts by 53.4% during the 2nd quarter. Renaissance Technologies LLC now owns 324,200 shares of the company’s stock valued at $3,501,000 after buying an additional 112,809 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in Playa Hotels & Resorts by 7.3% during the 2nd quarter. Raymond James & Associates now owns 153,525 shares of the company’s stock valued at $1,658,000 after buying an additional 10,454 shares in the last quarter. 68.34% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Playa Hotels & Resorts (NASDAQ:PLYA)

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