$0.02 EPS Expected for Playa Hotels & Resorts NV (PLYA) This Quarter

Brokerages forecast that Playa Hotels & Resorts NV (NASDAQ:PLYA) will report earnings per share of $0.02 for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Playa Hotels & Resorts’ earnings. The highest EPS estimate is $0.04 and the lowest is $0.00. Playa Hotels & Resorts posted earnings per share of $0.11 during the same quarter last year, which suggests a negative year over year growth rate of 81.8%. The business is scheduled to issue its next quarterly earnings results on Monday, August 5th.

According to Zacks, analysts expect that Playa Hotels & Resorts will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.17 to $0.25. For the next fiscal year, analysts forecast that the company will report earnings of $0.42 per share, with EPS estimates ranging from $0.39 to $0.44. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.18. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The business had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $182.60 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year.

PLYA has been the subject of a number of research analyst reports. BidaskClub cut Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a report on Thursday, February 14th. Deutsche Bank reissued a “buy” rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a report on Monday, March 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.00.

In other Playa Hotels & Resorts news, insider Brandon B. Buhler sold 7,475 shares of the stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $8.20, for a total transaction of $61,295.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.67% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of PLYA. Northern Trust Corp lifted its position in shares of Playa Hotels & Resorts by 1.2% during the 4th quarter. Northern Trust Corp now owns 135,804 shares of the company’s stock valued at $976,000 after acquiring an additional 1,595 shares during the period. Swiss National Bank lifted its position in shares of Playa Hotels & Resorts by 3.2% during the 1st quarter. Swiss National Bank now owns 107,100 shares of the company’s stock valued at $817,000 after acquiring an additional 3,300 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Playa Hotels & Resorts by 175.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock valued at $38,000 after acquiring an additional 3,396 shares during the period. Geode Capital Management LLC lifted its position in shares of Playa Hotels & Resorts by 1.0% during the 1st quarter. Geode Capital Management LLC now owns 554,159 shares of the company’s stock valued at $4,228,000 after acquiring an additional 5,597 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Playa Hotels & Resorts by 3.4% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 198,766 shares of the company’s stock valued at $1,517,000 after acquiring an additional 6,464 shares during the period. Institutional investors and hedge funds own 68.33% of the company’s stock.

Shares of Playa Hotels & Resorts stock traded up $0.05 during mid-day trading on Wednesday, reaching $8.72. 19,036 shares of the stock traded hands, compared to its average volume of 394,290. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $11.48. The stock has a market capitalization of $1.11 billion, a P/E ratio of 27.47 and a beta of 0.62. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.52 and a quick ratio of 1.42.

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

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