Playa Hotels & Resorts (NASDAQ:PLYA) Releases Earnings Results, Beats Estimates By $0.08 EPS

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) announced its earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08, MarketWatch Earnings reports. Playa Hotels & Resorts had a negative net margin of 16.77% and a negative return on equity of 12.44%. The company had revenue of $219.60 million for the quarter, compared to analyst estimates of $196.76 million. During the same period in the prior year, the business earned ($0.31) earnings per share. Playa Hotels & Resorts’s quarterly revenue was up 182.6% on a year-over-year basis.

NASDAQ:PLYA traded up $0.49 during trading hours on Friday, hitting $8.85. The stock had a trading volume of 2,004,430 shares, compared to its average volume of 1,337,945. Playa Hotels & Resorts has a one year low of $6.13 and a one year high of $9.81. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.32 and a current ratio of 2.43. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 68.08, a P/E/G ratio of 0.41 and a beta of 1.68. The business’s 50 day moving average is $8.70 and its 200-day moving average is $8.18.

A number of equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Playa Hotels & Resorts from $11.00 to $13.00 and gave the stock a “buy” rating in a research report on Monday, February 28th. Oppenheimer assumed coverage on shares of Playa Hotels & Resorts in a research note on Thursday, April 21st. They set an “outperform” rating and a $13.00 price target for the company. TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Monday, February 28th. Finally, 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. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $10.55.

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 30,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 15th. The shares were sold at an average price of $8.52, for a total value of $255,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Maria M. Miller bought 5,250 shares of the stock in a transaction on Wednesday, March 2nd. The stock was purchased at an average cost of $9.48 per share, with a total value of $49,770.00. The disclosure for this purchase can be found here. Insiders sold 250,000 shares of company stock valued at $2,105,900 in the last ninety days. Insiders own 6.91% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp boosted its holdings in shares of Playa Hotels & Resorts by 13.7% in the fourth quarter. State Street Corp now owns 648,077 shares of the company’s stock valued at $5,172,000 after buying an additional 78,005 shares during the period. Norges Bank acquired a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at approximately $4,146,000. JPMorgan Chase & Co. boosted its holdings in shares of Playa Hotels & Resorts by 21.8% in the fourth quarter. JPMorgan Chase & Co. now owns 357,902 shares of the company’s stock valued at $2,856,000 after buying an additional 63,986 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Playa Hotels & Resorts in the fourth quarter valued at approximately $1,564,000. Finally, Cubist Systematic Strategies LLC boosted its holdings in shares of Playa Hotels & Resorts by 19.4% in the fourth quarter. Cubist Systematic Strategies LLC now owns 133,976 shares of the company’s stock valued at $1,069,000 after buying an additional 21,768 shares during the period. Institutional investors own 80.54% of the company’s stock.

About Playa Hotels & Resorts (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.

Further Reading

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

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.