Stock analysts predict that Playa Hotels & Resorts (NASDAQ: PLYA) will post earnings of ($ 0.31) per share for the current fiscal quarter Zacks Investment Research. Three analysts have estimated Playa Hotels & Resorts earnings to range between ($ 0.31) and ($ 0.30). Playa Hotels & Resorts reported earnings per share of ($ 0.46) for the same quarter last year, representing a positive growth rate of 32.6% year over year. The company is expected to release its next earnings report on Thursday, August 5th.

According to Zacks, analysts expect Playa Hotels & Resorts to post annual earnings of (USD 1.01) per share for the current fiscal year, with EPS estimates ranging between (USD 1.09) and (USD 0.92). For the next fiscal year, analysts are forecasting earnings of ($ 0.21) per share, with EPS estimates ranging between ($ 0.27) and ($ 0.16). Zacks’ EPS calculations are based, on average, on a survey of sell-side analysts who follow Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ: PLYA) last released its quarterly results on Friday, March 5th. The company reported earnings per share of $ 0.44 for the quarter, beating the consensus estimate of $ 0.47 by $ 0.03. The company posted revenue of $ 66.20 million for the quarter, compared to analyst expectations of $ 56.31 million. Playa Hotels & Resorts had a negative return on equity of 19.90% and a negative net margin of 58.88%. The company’s revenue declined 54.0% year over year. For the same quarter last year, the company had earnings per share of $ 0.14.

A number of equity analysts recently rated the company. Zacks Investment Research Playa Hotels & Resorts was downgraded from a “Hold” rating to a “Sell” rating in a report on Wednesday April 21st. Bank of America began reporting on Playa Hotels & Resorts in a research report on Monday April 19th. They set a Buy recommendation and a price target of USD 10.00 for the company. Macquarie raised his target price for Playa Hotels & Resorts from USD 7.00 to USD 8.00 and rated the stock as “Outperform” in a research report on Monday, January 11th. Finally, Deutsche Bank Aktiengesellschaft raised its target price for Playa Hotels & Resorts from USD 8.00 to USD 10.00 and gave the company a “Buy” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, two with a hold rating and three with a buy rating. Playa Hotels & Resorts has an average Hold rating and a consensus target of $ 7.25.


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In other news, CAO Brandon B. Buhler sold 22,320 shares in the company in a transaction on Wednesday March 10th. The stock sold at an average price of $ 7.39 for a total transaction of $ 164,944.80. Upon completion of the sale, the Chief Accounting Officer now directly owns 92,502 shares in the company valued at $ 683,589.78. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 4.09% of the company’s stock.

A number of major investors recently bought and sold PLYA shares. Morgan Stanley increased its position in Playa Hotels & Resorts by 709.0% in the third quarter. Morgan Stanley now owns 12,701 shares in the company valued at $ 53,000 after purchasing an additional 11,131 shares during the reporting period. Glassman Wealth Services acquired a new position in Playa Hotels & Resorts for $ 60,000 in the first quarter. National Asset Management Inc. acquired a new position in Playa Hotels & Resorts for $ 83,000 in the fourth quarter. Financial Counselors Inc. acquired a new position in Playa Hotels & Resorts in the first quarter valued at approximately $ 99,000. Finally, M&T Bank Corp increased its position in Playa Hotels & Resorts by 14.5% in the first quarter. M&T Bank Corp now owns 14,078 shares in the company, valued at $ 103,000, after purchasing an additional 1,778 shares last quarter. Currently, 70.16% of the company’s shares are owned by hedge funds and other institutional investors.

Shares of NASDAQ PLYA traded around $ 0.32 during Friday’s trading to hit $ 7.43. The share had a trading volume of 73,044 shares compared to an average volume of 1,798,694 shares. Playa Hotels & Resorts has a year low of $ 1.84 and a year high of $ 8.35. The company has a leverage ratio of 1.97, a fast rate of 2.31, and a current rate of 2.42. The stock has a market cap of $ 1.25 billion, a P / E of -4.76, and a beta of 2.22. The company’s 50-day moving average price is $ 7.41 and the two-hundred-day moving average is $ 6.04.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV, together with its subsidiaries, owns, develops and operates resorts in prime beach locations in Mexico and the Caribbean. As of March 10, 2021, the company owned a portfolio of 20 resorts with 7,867 rooms in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.

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Earnings history and estimates for Playa Hotels & Resorts (NASDAQ: PLYA)

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