Wall Street stockbrokers anticipate that Playa Hotels & Resorts (NASDAQ:PLYA) will report earnings per share (EPS) of ($0.04) for the current quarter Zacks Investment Research. Three analysts have released estimates for Playa Hotels & Resorts’ earnings. The lowest EPS estimate is ($0.06) and the highest is ($0.02). Playa Hotels & Resorts posted earnings of ($0.44) per share for the same quarter last year, indicating a positive growth rate of 90.9% year over year. The company is expected to submit its next earnings report on Thursday, March 3rd.
On average, analysts expect YTD Playa Hotels & Resorts to report full year earnings per share of ($0.59) with EPS estimates ranging from ($0.61) to ($0.58). For the next fiscal year, analysts are forecasting that the company will report earnings of $0.12 per share, with EPS estimates ranging from $0.03 to $0.20. Zacks’ average earnings per share is an average based on a survey of analysts covering Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last reported earnings on Wednesday, November 3rd. The company reported earnings per share of ($0.09) for the quarter, missing analyst consensus estimates of ($0.08) by ($0.01). The company had revenue of $151.29 million for the quarter, compared to the consensus estimate of $141.74 million. Playa Hotels & Resorts had a negative return on equity of 21.49% and a negative net margin of 38.59%. In the same quarter last year, the company made ($0.57) earnings per share.
PLYA has been the subject of several analyst reports. Truist Securities increased its price target on Playa Hotels & Resorts to $8.00 from $7.00 and gave the stock a “hold” rating in a research report on Friday, December 3. Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a research note on Wednesday, October 20. Citigroup increased its target price on shares of Playa Hotels & Resorts to $9.00 from $8.00, giving the stock a neutral rating in a research note on Wednesday, October 6. Finally, Truist increased its price target on shares of Playa Hotels & Resorts to $8.00 from $7.00 and issued a research note on Friday, December 3rd with a “hold” rating of the stock. Four equities research analysts have rated the stock with a hold rating and two have given it a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of Hold and a consensus price target of $9.13.
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In other news from Playa Hotels & Resorts, CFO Ryan Paul Hymel sold 7,838 shares of the stock in a transaction dated Wednesday, November 3rd. The shares sold at an average price of $8.91 for a total value of $69,836.58. The transaction was disclosed in a filing with the Securities & Exchange Commission available at this hyperlink. In addition, the major shareholder Financial Co Ltd. Sagicor acquired 44,251 shares of the company’s shares in a transaction on Monday, November 22nd. The shares were purchased at an average price of $7.56 per share for a total value of $334,537.56. The disclosure for this purchase can be found here. Over the past ninety days, insiders bought 544,251 shares of the company’s shares for $3,966,538 and sold 8,533,397 shares for $69,238,499. Company insiders own 6.91% of the company’s shares.
A number of institutional investors have recently bought and sold shares in PLYA. First Trust Advisors LP increased its stake in Playa Hotels & Resorts by 64.8% in the first quarter. First Trust Advisors LP now owns 165,294 shares of the company’s stock valued at $1,261,000 after purchasing an additional 64,972 shares last quarter. WINTON GROUP Ltd increased its position in Playa Hotels & Resorts by 14.6% in the second quarter. WINTON GROUP Ltd now owns 116,102 shares of the Company’s shares valued at $863,000, having purchased an additional 14,825 shares during the period. Mercer Global Advisors Inc. ADV increased its position in Playa Hotels & Resorts by 13.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 28,587 shares of the company’s stock valued at $212,000 after purchasing an additional 3,387 shares during the period. Westfield Capital Management Co. LP increased its position in Playa Hotels & Resorts by 12.3% in the second quarter. Westfield Capital Management Co. LP now owns 3,840,633 shares of the company’s shares valued at $28,536,000 after purchasing an additional 421,504 shares during the period. Finally, Deutsche Bank AG increased its position in Playa Hotels & Resorts by 44.9% in the second quarter. Deutsche Bank AG now owns 4,766,326 shares of the Company’s shares valued at $35,414,000 after purchasing an additional 1,476,449 shares during the period. Hedge funds and other institutional investors own 75.20% of the company’s shares.
PLYA share fell $0.18 during Friday’s trading to hit $7.51. 735,695 shares of the company were traded compared to an average volume of 841,447. The company has a 50-day moving average of $7.66 and a 200-day moving average of $7.57. The company has a market cap of $1.23 billion, a P/E of -6.77 and a beta of 2.07. The company has a debt to equity ratio of 1.82, a quick ratio of 2.52 and a current ratio of 2.64. Playa Hotels & Resorts has a 1 year low of $5.15 and a 1 year high of $9.46.
About Playa Hotels & Resorts
Playa Hotels & Resorts NV operates hotels and resorts. It is engaged in the ownership, operation and development of all-inclusive beachfront resorts in Mexico and the Caribbean. The Company owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen an All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, and Hyatt Zilara Rose Hall Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana Hilton La Romana an all-inclusive family resort and Hilton La Romana an all-inclusive adult resort.
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