Zacks: Analysts Anticipate Playa Hotels & Resorts (NASDAQ:PLYA) to Post $0.06 EPS

Equities analysts forecast that Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) will post earnings of $0.06 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings. The highest EPS estimate is $0.07 and the lowest is $0.05. Playa Hotels & Resorts reported earnings of ($0.06) per share during the same quarter last year, which would suggest a positive year over year growth rate of 200%. The firm is expected to issue its next earnings report on Monday, January 1st.

On average, analysts expect that Playa Hotels & Resorts will report full-year earnings of $0.32 per share for the current financial year, with EPS estimates ranging from $0.28 to $0.36. For the next fiscal year, analysts forecast that the business will report earnings of $0.49 per share, with EPS estimates ranging from $0.40 to $0.58. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.11 by $0.08. The business had revenue of $219.60 million during the quarter, compared to analyst estimates of $196.76 million. Playa Hotels & Resorts had a net margin of 3.37% and a return on equity of 0.63%. The company’s quarterly revenue was up 182.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.31) EPS.

A number of analysts have issued reports on PLYA shares. Truist Financial raised Playa Hotels & Resorts from a “hold” rating to a “buy” rating and lifted their price target for the stock from $8.00 to $11.00 in a report on Monday, May 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on Playa Hotels & Resorts from $13.00 to $15.00 in a research report on Monday, May 9th. Oppenheimer started coverage on Playa Hotels & Resorts in a research report on Thursday, April 21st. They set an “outperform” rating and a $13.00 price target for the company. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “hold” rating to a “buy” rating and set a $9.75 price target for the company in a research report on Thursday, May 12th. Finally, TheStreet raised shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research report on Monday, February 28th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $11.55.

In other news, Director Maria M. Miller bought 5,250 shares of the stock in a transaction dated Wednesday, March 2nd. The shares were acquired at an average price of $9.48 per share, with a total value of $49,770.00. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CIO Fernando Mulet sold 3,892 shares of the firm’s stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $8.78, for a total value of $34,171.76. Following the sale, the executive now directly owns 332,517 shares of the company’s stock, valued at $2,919,499.26. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 265,830 shares of company stock worth $2,246,387. 6.91% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. acquired a new position in Playa Hotels & Resorts in the first quarter valued at about $31,722,000. Goldman Sachs Group Inc. boosted its stake in Playa Hotels & Resorts by 128.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 4,490,994 shares of the company’s stock worth $38,847,000 after acquiring an additional 2,521,623 shares during the last quarter. Deutsche Bank AG grew its holdings in Playa Hotels & Resorts by 60.4% during the fourth quarter. Deutsche Bank AG now owns 4,236,215 shares of the company’s stock valued at $33,805,000 after purchasing an additional 1,594,891 shares during the period. Axon Capital LP acquired a new stake in Playa Hotels & Resorts in the fourth quarter worth $12,612,000. Finally, Rubric Capital Management LP boosted its position in shares of Playa Hotels & Resorts by 12.5% during the third quarter. Rubric Capital Management LP now owns 10,419,643 shares of the company’s stock worth $86,379,000 after purchasing an additional 1,160,074 shares in the last quarter. 80.54% of the stock is currently owned by institutional investors.

NASDAQ:PLYA opened at $7.95 on Wednesday. The company’s 50-day moving average price is $8.60 and its 200-day moving average price is $8.18. Playa Hotels & Resorts has a twelve month low of $6.13 and a twelve month high of $9.81. The company has a current ratio of 2.70, a quick ratio of 2.32 and a debt-to-equity ratio of 1.67. The company has a market cap of $1.32 billion, a P/E ratio of 61.16, a P/E/G ratio of 0.21 and a beta of 1.68.

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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