Equities analysts predict that Playa Hotels & Resorts NV (NASDAQ:PLYA) will post sales of $142.89 million for the current quarter, according to Zacks. Three analysts have made estimates for Playa Hotels & Resorts’ earnings. The lowest sales estimate is $138.70 million and the highest is $145.60 million. Playa Hotels & Resorts reported sales of $140.60 million in the same quarter last year, which indicates a positive year over year growth rate of 1.6%. The company is scheduled to announce its next quarterly earnings report on Friday, August 3rd.
On average, analysts expect that Playa Hotels & Resorts will report full year sales of $605.75 million for the current year, with estimates ranging from $590.20 million to $621.30 million. For the next financial year, analysts forecast that the business will post sales of $701.10 million per share. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, May 7th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.26 by $0.06. The business had revenue of $176.85 million during the quarter, compared to analyst estimates of $172.88 million. Playa Hotels & Resorts had a positive return on equity of 6.46% and a negative net margin of 1.08%. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.28 earnings per share.
PLYA has been the subject of several recent research reports. BidaskClub lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Thursday, April 19th. Zacks Investment Research raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Tuesday, June 26th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $14.19.
In other news, CFO Ryan Paul Hymel sold 2,922 shares of Playa Hotels & Resorts stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $10.50, for a total value of $30,681.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Alexander Stadlin sold 4,924 shares of Playa Hotels & Resorts stock in a transaction dated Thursday, May 31st. The stock was sold at an average price of $10.51, for a total value of $51,751.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,483 shares of company stock valued at $110,147. 2.74% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of PLYA. Dynamic Technology Lab Private Ltd bought a new stake in Playa Hotels & Resorts in the 1st quarter worth about $110,000. Goldman Sachs Group Inc. bought a new stake in Playa Hotels & Resorts in the 4th quarter worth about $155,000. Citadel Advisors LLC bought a new stake in Playa Hotels & Resorts in the 4th quarter worth about $191,000. Citigroup Inc. increased its holdings in Playa Hotels & Resorts by 11,600.6% in the 1st quarter. Citigroup Inc. now owns 19,306 shares of the company’s stock worth $197,000 after buying an additional 19,141 shares in the last quarter. Finally, Teacher Retirement System of Texas bought a new stake in Playa Hotels & Resorts in the 4th quarter worth about $225,000. 68.90% of the stock is owned by hedge funds and other institutional investors.
Playa Hotels & Resorts stock traded up $0.11 on Tuesday, hitting $11.17. 1,907,008 shares of the stock traded hands, compared to its average volume of 299,397. The company has a current ratio of 1.65, a quick ratio of 1.57 and a debt-to-equity ratio of 1.44. The firm has a market capitalization of $1.46 billion, a P/E ratio of 29.11 and a beta of -0.04. Playa Hotels & Resorts has a 1 year low of $9.41 and a 1 year high of $12.26.
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.
Get a free copy of the Zacks research report on Playa Hotels & Resorts (PLYA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.