Playa Hotels & Resorts NV (NASDAQ:PLYA) – Stock analysts at SunTrust Banks increased their Q4 2018 EPS estimates for Playa Hotels & Resorts in a note issued to investors on Monday, November 19th. SunTrust Banks analyst P. Scholes now forecasts that the company will post earnings per share of ($0.01) for the quarter, up from their previous estimate of ($0.02). SunTrust Banks has a “Buy” rating and a $14.00 price target on the stock. SunTrust Banks also issued estimates for Playa Hotels & Resorts’ Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.03 EPS, Q3 2019 earnings at ($0.06) EPS, Q4 2019 earnings at $0.00 EPS, FY2019 earnings at $0.22 EPS and FY2020 earnings at $0.58 EPS.

PLYA has been the subject of several other reports. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. BidaskClub raised Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Saturday, November 3rd. Deutsche Bank set a $15.00 price objective on Playa Hotels & Resorts and gave the stock a “buy” rating in a research note on Saturday, September 15th. TheStreet raised Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Friday, August 24th. Finally, Nomura downgraded Playa Hotels & Resorts from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $14.00 to $11.00 in a research note on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.60.

Shares of Playa Hotels & Resorts stock opened at $7.50 on Wednesday. The company has a market capitalization of $1.02 billion, a PE ratio of 16.55 and a beta of 0.51. Playa Hotels & Resorts has a 52 week low of $6.91 and a 52 week high of $11.69. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.63 and a quick ratio of 1.52.

Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings results on Wednesday, November 7th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). Playa Hotels & Resorts had a return on equity of 6.98% and a net margin of 3.64%. The business had revenue of $142.81 million for the quarter, compared to the consensus estimate of $133.30 million.

Several hedge funds have recently added to or reduced their stakes in PLYA. Royal Bank of Canada bought a new position in shares of Playa Hotels & Resorts in the first quarter valued at approximately $555,000. Northpointe Capital LLC grew its holdings in shares of Playa Hotels & Resorts by 55.7% in the second quarter. Northpointe Capital LLC now owns 879,014 shares of the company’s stock valued at $9,493,000 after acquiring an additional 314,556 shares in the last quarter. First Trust Advisors LP bought a new position in shares of Playa Hotels & Resorts in the second quarter valued at approximately $410,000. Kornitzer Capital Management Inc. KS grew its holdings in shares of Playa Hotels & Resorts by 15.2% in the second quarter. Kornitzer Capital Management Inc. KS now owns 149,800 shares of the company’s stock valued at $1,618,000 after acquiring an additional 19,800 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Playa Hotels & Resorts by 12.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 186,076 shares of the company’s stock valued at $2,010,000 after acquiring an additional 20,364 shares in the last quarter. 68.72% of the stock is owned by institutional investors.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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

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