Playa Hotels & Resorts (NASDAQ:PLYA) Issues Quarterly Earnings Results

Playa Hotels & Resorts (NASDAQ:PLYA) released its earnings results on Tuesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.03, Bloomberg Earnings reports. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The company had revenue of $164.02 million for the quarter, compared to analysts’ expectations of $160.71 million. During the same quarter in the previous year, the firm posted $0.11 EPS. The firm’s quarterly revenue was up 12.7% on a year-over-year basis.

Shares of NASDAQ:PLYA traded down $0.12 during trading on Wednesday, hitting $6.64. 228,259 shares of the stock were exchanged, compared to its average volume of 337,930. The company has a fifty day simple moving average of $7.53. The company has a market capitalization of $916.82 million, a P/E ratio of 20.75 and a beta of 0.40. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52. Playa Hotels & Resorts has a 12-month low of $5.98 and a 12-month high of $11.01.

Several equities analysts have issued reports on PLYA shares. TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Wednesday, May 15th. Deutsche Bank reiterated a “buy” rating and set a $13.00 target price on shares of Playa Hotels & Resorts in a research report on Monday, July 29th. Zacks Investment Research cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a research report on Thursday, July 11th. Finally, BidaskClub cut Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research report on Tuesday, July 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $11.15.

In other news, insider Brandon B. Buhler sold 4,911 shares of the business’s stock in a transaction that occurred on Thursday, May 30th. The stock was sold at an average price of $8.12, for a total transaction of $39,877.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Brandon B. Buhler sold 7,475 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The stock was sold at an average price of $8.20, for a total value of $61,295.00. The disclosure for this sale can be found here. 3.60% of the stock is owned by insiders.

Playa Hotels & Resorts Company Profile

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.

Read More: What does a hold rating mean?

Earnings History for Playa Hotels & Resorts (NASDAQ:PLYA)

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