Wall Street analysts predict that Playa Hotels & Resorts NV (NASDAQ:PLYA) will announce sales of $135.50 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Playa Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $125.45 million and the highest estimate coming in at $140.10 million. Playa Hotels & Resorts posted sales of $118.34 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.5%. The firm is scheduled to report its next earnings results on Monday, November 5th.
On average, analysts expect that Playa Hotels & Resorts will report full year sales of $616.10 million for the current fiscal year, with estimates ranging from $611.23 million to $621.30 million. For the next financial year, analysts expect that the firm will report sales of $696.23 million per share, with estimates ranging from $689.29 million to $700.70 million. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, August 6th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a net margin of 3.75% and a return on equity of 8.22%. The company had revenue of $145.57 million during the quarter, compared to analyst estimates of $144.83 million. During the same period in the previous year, the business earned $0.03 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year.
Several research analysts recently issued reports on PLYA shares. Deutsche Bank reiterated a “buy” rating on shares of Playa Hotels & Resorts in a research report on Tuesday, July 10th. Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Tuesday, June 26th. SunTrust Banks started coverage on shares of Playa Hotels & Resorts in a research report on Tuesday, August 28th. They issued a “buy” rating and a $14.00 target price for the company. TheStreet upgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Friday, August 24th. Finally, BidaskClub upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Monday, June 25th. Two analysts have rated the stock with a sell rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $14.35.
NASDAQ:PLYA traded down $0.18 during midday trading on Monday, hitting $9.58. The company had a trading volume of 84,726 shares, compared to its average volume of 126,271. Playa Hotels & Resorts has a 52-week low of $9.41 and a 52-week high of $11.69. The firm has a market capitalization of $1.27 billion, a PE ratio of 25.21 and a beta of -0.18. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.68 and a current ratio of 1.79.
In other Playa Hotels & Resorts news, Director Karl Mr. Peterson purchased 50,000 shares of the stock in a transaction on Friday, August 10th. The stock was acquired at an average cost of $10.35 per share, with a total value of $517,500.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.74% of the company’s stock.
Institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its stake in Playa Hotels & Resorts by 7.7% in 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 during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Playa Hotels & Resorts by 13.1% in 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 during the last quarter. Royal Bank of Canada bought a new stake in Playa Hotels & Resorts in the first quarter worth $555,000. Dynamic Technology Lab Private Ltd bought a new stake in Playa Hotels & Resorts in the first quarter worth $110,000. Finally, Waratah Capital Advisors Ltd. bought a new stake in Playa Hotels & Resorts in the first quarter worth $411,000. 71.00% of the stock is owned by institutional investors and hedge funds.
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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