Zacks: Analysts Expect Playa Hotels & Resorts (NASDAQ:PLYA) Will Post Quarterly Sales of $205.15 Million

Equities research analysts expect Playa Hotels & Resorts (NASDAQ:PLYAGet Rating) to report $205.15 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings, with the highest sales estimate coming in at $209.23 million and the lowest estimate coming in at $199.00 million. Playa Hotels & Resorts reported sales of $128.80 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 59.3%. The business is scheduled to issue its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Playa Hotels & Resorts will report full year sales of $815.34 million for the current year, with estimates ranging from $805.00 million to $826.33 million. For the next year, analysts forecast that the firm will report sales of $859.23 million, with estimates ranging from $843.02 million to $870.00 million. Zacks’ sales averages are a mean 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 issued its earnings results on Thursday, May 5th. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.08. Playa Hotels & Resorts had a return on equity of 0.63% and a net margin of 3.37%. The business had revenue of $219.60 million during the quarter, compared to analysts’ expectations of $196.76 million. During the same quarter in the prior year, the firm earned ($0.31) EPS. The business’s revenue for the quarter was up 182.6% compared to the same quarter last year.

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

Shares of PLYA opened at $8.91 on Friday. Playa Hotels & Resorts has a 12-month low of $6.13 and a 12-month high of $9.81. The business has a 50-day simple moving average of $8.63 and a two-hundred day simple moving average of $8.22. The company has a quick ratio of 2.59, a current ratio of 2.70 and a debt-to-equity ratio of 1.67. The stock has a market cap of $1.48 billion, a PE ratio of 68.54 and a beta of 1.69.

In related news, CIO Fernando Mulet sold 3,892 shares of the company’s stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $8.78, for a total transaction of $34,171.76. Following the sale, the executive now owns 332,517 shares in the company, valued at approximately $2,919,499.26. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Ryan Paul Hymel sold 5,575 shares of the company’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $8.78, for a total value of $48,948.50. Following the sale, the chief financial officer now owns 434,055 shares in the company, valued at approximately $3,811,002.90. The disclosure for this sale can be found here. In the last three months, insiders sold 205,830 shares of company stock valued at $1,738,487. Insiders own 6.50% of the company’s stock.

Several institutional investors have recently made changes to their positions in PLYA. Assenagon Asset Management S.A. bought a new position in Playa Hotels & Resorts in the first quarter worth approximately $31,722,000. Goldman Sachs Group Inc. boosted its holdings in Playa Hotels & Resorts by 128.0% in the first 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 in the last quarter. Deutsche Bank AG boosted its holdings in Playa Hotels & Resorts by 60.4% in the fourth quarter. Deutsche Bank AG now owns 4,236,215 shares of the company’s stock worth $33,805,000 after acquiring an additional 1,594,891 shares in the last quarter. Axon Capital LP bought a new position in Playa Hotels & Resorts in the fourth quarter worth approximately $12,612,000. Finally, Rubric Capital Management LP boosted its holdings in Playa Hotels & Resorts by 10.6% in the fourth quarter. Rubric Capital Management LP now owns 11,526,728 shares of the company’s stock worth $91,983,000 after acquiring an additional 1,107,085 shares in the last quarter. 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.

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

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