Playa Hotels & Resorts (NASDAQ:PLYA) Expected to Post Quarterly Sales of $154.43 Million

Equities research analysts expect that Playa Hotels & Resorts (NASDAQ:PLYA) will report $154.43 million in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings, with the highest sales estimate coming in at $170.97 million and the lowest estimate coming in at $133.61 million. Playa Hotels & Resorts posted sales of $66.24 million in the same quarter last year, which suggests a positive year-over-year growth rate of 133.1%. The business is expected to issue its next quarterly earnings results on Thursday, March 3rd.

On average, analysts expect that Playa Hotels & Resorts will report full-year sales of $499.69 million for the current fiscal year, with estimates ranging from $468.01 million to $526.25 million. For the next year, analysts anticipate that the firm will post sales of $636.95 million, with estimates ranging from $583.10 million to $697.26 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Wednesday, November 3rd. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.01). Playa Hotels & Resorts had a negative return on equity of 21.49% and a negative net margin of 38.59%. During the same quarter last year, the company earned ($0.57) EPS.

PLYA has been the subject of a number of research reports. Citigroup increased their target price on shares of Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, October 6th. Zacks Investment Research cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, October 20th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $8.67.

In other Playa Hotels & Resorts news, COO Gregory Maliassas sold 3,659 shares of the stock in a transaction that occurred on Friday, November 19th. The shares were sold at an average price of $7.62, for a total transaction of $27,881.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Ryan Paul Hymel sold 7,838 shares of the firm’s stock in a transaction that occurred on Wednesday, November 3rd. The stock was sold at an average price of $8.91, for a total transaction of $69,836.58. The disclosure for this sale can be found here. In the last quarter, insiders sold 8,475,645 shares of company stock valued at $68,796,709. 6.91% of the stock is owned by company insiders.

Hedge funds have recently made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $5,227,000. Northern Trust Corp grew its position in shares of Playa Hotels & Resorts by 76.4% during the 1st quarter. Northern Trust Corp now owns 247,017 shares of the company’s stock worth $1,803,000 after buying an additional 106,971 shares during the period. Cubist Systematic Strategies LLC grew its position in shares of Playa Hotels & Resorts by 74.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 80,256 shares of the company’s stock worth $586,000 after buying an additional 34,294 shares during the period. Poehling Capital Management LLC grew its position in shares of Playa Hotels & Resorts by 166.8% during the 2nd quarter. Poehling Capital Management LLC now owns 139,429 shares of the company’s stock worth $1,036,000 after buying an additional 87,169 shares during the period. Finally, Spouting Rock Asset Management LLC acquired a new stake in shares of Playa Hotels & Resorts during the 2nd quarter worth approximately $667,000. 75.25% of the stock is owned by institutional investors.

Shares of PLYA stock traded down $0.07 on Thursday, reaching $7.70. The company had a trading volume of 515,520 shares, compared to its average volume of 1,333,391. The stock has a market capitalization of $1.26 billion, a PE ratio of -6.94 and a beta of 2.03. The company has a quick ratio of 2.52, a current ratio of 2.64 and a debt-to-equity ratio of 1.82. Playa Hotels & Resorts has a one year low of $4.84 and a one year high of $9.46. The business’s 50-day moving average is $8.28 and its 200 day moving average is $7.53.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV operates hotels and resorts. It engages in the ownership, operation, and development of all-inclusive resorts in beachfront location destinations in Mexico and the Caribbean. The company owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen an All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana Hilton La Romana an All-Inclusive Family Resort and Hilton La Romana an All-Inclusive Adult Resort.

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

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