$0.10 Earnings Per Share Expected for Playa Hotels & Resorts (NASDAQ:PLYA) This Quarter

Equities research analysts predict that Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) will announce $0.10 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Playa Hotels & Resorts’ earnings, with estimates ranging from $0.06 to $0.14. Playa Hotels & Resorts posted earnings of ($0.31) per share in the same quarter last year, which indicates a positive year over year growth rate of 132.3%. The business is scheduled to issue its next quarterly earnings report after the market closes on Monday, January 1st.

On average, analysts expect that Playa Hotels & Resorts will report full year earnings of $0.17 per share for the current financial year, with EPS estimates ranging from $0.07 to $0.27. For the next financial year, analysts expect that the business will 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 that cover Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last posted its earnings results on Thursday, February 24th. The company reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.02). Playa Hotels & Resorts had a negative net margin of 16.77% and a negative return on equity of 12.44%. The business had revenue of $176.80 million for the quarter, compared to analyst estimates of $165.72 million. During the same quarter last year, the business earned ($0.44) earnings per share. Playa Hotels & Resorts’s revenue was up 166.9% on a year-over-year basis.

A number of equities research analysts have recently commented on PLYA shares. Deutsche Bank Aktiengesellschaft raised their target price on Playa Hotels & Resorts from $11.00 to $13.00 and gave the company a “buy” rating in a research report on Monday, February 28th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Tuesday, March 29th. Oppenheimer assumed coverage on shares of Playa Hotels & Resorts in a research note on Thursday, April 21st. They issued an “outperform” rating and a $13.00 price target on the stock. Finally, TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Monday, February 28th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. 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 low of $6.13 and a 52 week high of $9.81. The company has a quick ratio of 2.32, a current ratio of 2.43 and a debt-to-equity ratio of 1.81. The stock has a market capitalization of $1.60 billion, a PE ratio of -16.86, a price-to-earnings-growth 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 bought 5,250 shares of the firm’s stock in a transaction on Wednesday, March 2nd. 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 a document filed with the SEC, which is available through this link. Also, Director Karl Mr. Peterson sold 90,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 8th. The stock was sold at an average price of $8.49, for a total transaction of $764,100.00. The disclosure for this sale can be found here. Insiders sold a total of 250,000 shares of company stock worth $2,105,900 over the last three months. Corporate insiders own 6.91% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at approximately $58,000. Counterpoint Mutual Funds LLC purchased a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at approximately $67,000. Janus Henderson Group PLC purchased a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at approximately $97,000. MQS Management LLC purchased a new stake in shares of Playa Hotels & Resorts during the 4th quarter valued at approximately $106,000. Finally, C M Bidwell & Associates Ltd. purchased a new stake in shares of Playa Hotels & Resorts during the 1st quarter valued at approximately $134,000. 81.35% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts Company Profile (Get Rating)

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned 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 headquartered in Fairfax, Virginia.

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

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