Analysts forecast that Playa Hotels & Resorts NV (NASDAQ:PLYA) will post sales of $25.52 million for the current quarter, according to Zacks. Three analysts have made estimates for Playa Hotels & Resorts’ earnings, with the highest sales estimate coming in at $44.39 million and the lowest estimate coming in at $12.26 million. Playa Hotels & Resorts reported sales of $132.83 million in the same quarter last year, which would suggest a negative year over year growth rate of 80.8%. The business is expected to announce its next quarterly earnings report on Wednesday, November 4th.
On average, analysts expect that Playa Hotels & Resorts will report full-year sales of $257.04 million for the current financial year, with estimates ranging from $229.33 million to $291.00 million. For the next financial year, analysts expect that the business will report sales of $441.05 million, with estimates ranging from $400.20 million to $488.36 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Thursday, August 6th. The company reported ($0.46) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.44) by ($0.02). The business had revenue of $0.98 million for the quarter, compared to analyst estimates of $0.61 million. Playa Hotels & Resorts had a negative return on equity of 12.73% and a negative net margin of 34.82%. The company’s quarterly revenue was down 99.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.01 earnings per share.
Several brokerages have recently weighed in on PLYA. Deutsche Bank reaffirmed a “buy” rating and set a $8.00 target price on shares of Playa Hotels & Resorts in a research note on Sunday, August 9th. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a research note on Friday, July 31st. BidaskClub raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Thursday, May 21st. Finally, Citigroup increased their price objective on Playa Hotels & Resorts from $1.00 to $3.00 and gave the company a “sell” rating in a research note on Thursday, July 2nd. They noted that the move was a valuation call. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. Playa Hotels & Resorts presently has a consensus rating of “Hold” and a consensus target price of $5.10.
In related news, EVP Tracy M. J. Colden bought 8,160 shares of the company’s stock in a transaction on Monday, June 15th. The stock was bought at an average cost of $3.67 per share, for a total transaction of $29,947.20. Following the acquisition, the executive vice president now directly owns 71,291 shares in the company, valued at $261,637.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Financial Co Ltd. Sagicor bought 1,500,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was bought at an average price of $3.97 per share, with a total value of $5,955,000.00. The disclosure for this purchase can be found here. 4.09% of the stock is owned by corporate insiders.
Large investors have recently modified their holdings of the business. Glassman Wealth Services purchased a new stake in Playa Hotels & Resorts in the 2nd quarter valued at $30,000. UBS Group AG increased its holdings in Playa Hotels & Resorts by 874,200.0% in the second quarter. UBS Group AG now owns 8,743 shares of the company’s stock worth $32,000 after buying an additional 8,742 shares during the last quarter. M&T Bank Corp acquired a new stake in Playa Hotels & Resorts in the second quarter valued at approximately $45,000. Jane Street Group LLC bought a new stake in Playa Hotels & Resorts in the second quarter worth approximately $46,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of Playa Hotels & Resorts by 43.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 19,361 shares of the company’s stock worth $70,000 after purchasing an additional 5,824 shares during the last quarter. Institutional investors own 71.34% of the company’s stock.
Shares of PLYA stock traded up $0.14 during trading hours on Tuesday, hitting $4.42. 719,470 shares of the company’s stock were exchanged, compared to its average volume of 462,068. The company has a quick ratio of 2.68, a current ratio of 2.79 and a debt-to-equity ratio of 1.76. The firm has a market cap of $594.46 million, a P/E ratio of -3.65 and a beta of 2.15. The firm has a 50 day moving average of $3.83 and a two-hundred day moving average of $3.46. Playa Hotels & Resorts has a fifty-two week low of $1.30 and a fifty-two week high of $8.59.
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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