Equity research analysts expect Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) to report earnings per share of $0.10 for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Playa Hotels & Resorts, with estimates ranging from $0.06 to $0.14. Playa Hotels & Resorts reported earnings of ($0.31) per share in the same quarter last year, indicating a positive growth rate of 132.3% year over year. The company is expected to release its next quarterly earnings report after the market closes on Monday, January 1.
On average, analysts expect Playa Hotels & Resorts to report annual earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.07 to $0.27. For the next fiscal year, analysts expect the company to post earnings of $0.35 per share, with EPS estimates ranging from $0.22 to $0.47. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts who cover Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA – Get Rating) last reported results on Thursday, February 24. The company reported ($0.03) EPS for the quarter, missing Zacks consensus estimate of ($0.01) by ($0.02). Playa Hotels & Resorts recorded a negative net margin of 16.77% and a negative return on equity of 12.44%. The company posted revenue of $176.80 million for the quarter, versus analyst estimates of $165.72 million. In the same quarter last year, the company made ($0.44) earnings per share. Playa Hotels & Resorts revenue increased 166.9% year over year.
A number of equity research analysts have recently commented on PLYA shares. Deutsche Bank Aktiengesellschaft raised its price target on Playa Hotels & Resorts from $11.00 to $13.00 and gave the company a “buy” rating in a Monday, Feb. 28 research report. Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a Tuesday, March 29 research note. Oppenheimer assumed coverage for Playa Hotels & Resorts stocks in a Thursday, April 21, research note. They issued an “outperform” rating and a $13.00 price target on the stock. Finally, TheStreet downgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a Monday, February 28 research note. Three equity research analysts gave the stock a hold rating and two gave the company a buy rating. According to data from MarketBeat.com, Playa Hotels & Resorts currently has a consensus rating of “Hold” and a consensus price target of $10.55.
NASDAQ:PLYA opened at $9.44 on Thursday. Playa Hotels & Resorts has a 52-week minimum of $6.13 and a 52-week maximum of $9.81. The company has a quick ratio of 2.32, a current ratio of 2.43 and a debt ratio of 1.81. The stock has a market capitalization of $1.60 billion, a PE ratio of -16.86, a growth price-earnings ratio of 0.44 and a beta of 1.88. The stock’s 50-day moving average price is $8.68 and its 200-day moving average price is $8.17.
In other Playa Hotels & Resorts news, Director Maria M. Miller purchased 5,250 shares of the company in a transaction on Wednesday, March 2. The shares were acquired at an average cost of $9.48 per share, with a total value of $49,770.00. The acquisition was disclosed in an SEC filing, which is available via this link. Additionally, director Karl M. Peterson sold 90,000 shares of the company in a transaction that took place on Tuesday, March 8. The stock was sold at an average price of $8.49, for a total transaction of $764,100.00. The disclosure of this sale can be found here. Insiders have sold a total of 250,000 shares of the company worth $2,105,900 over the past three months. Company insiders hold 6.91% of the company’s stock.
Hedge funds have recently increased or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new stake in shares of Playa Hotels & Resorts during Q4, valued at approximately $58,000. Counterpoint Mutual Funds LLC purchased a new equity stake in Playa Hotels & Resorts during Q1, valued at approximately $67,000. Janus Henderson Group PLC purchased a new stake in shares of Playa Hotels & Resorts during Q3, valued at approximately $97,000. MQS Management LLC purchased a new stake in shares of Playa Hotels & Resorts during Q4, valued at approximately $106,000. Finally, CM Bidwell & Associates Ltd. purchased a new equity stake in Playa Hotels & Resorts during Q1 valued at approximately $134,000. 81.35% of the shares are currently held by hedge funds and other institutional investors.
Company Profile Playa Hotels & Resorts (Get a rating)
Playa Hotels & Resorts NV, together with its subsidiaries, owns, develops and operates resort hotels in prime beachfront locations throughout Mexico and the Caribbean. As of December 31, 2021, it had a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica and the Dominican Republic. The company was founded in 2006 and is based in Fairfax, Virginia.
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