Playa Hotels & Resorts (NASDAQ:PLYA) Posts Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Playa Hotels & Resorts (NASDAQ:PLYA) released its quarterly earnings data on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06, Briefing.com reports. The business had revenue of $300.64 million during the quarter, compared to analysts’ expectations of $273.77 million. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 EPS.

Playa Hotels & Resorts Stock Down 2.0 %

Shares of NASDAQ PLYA opened at $9.24 on Wednesday. The stock has a market cap of $1.28 billion, a PE ratio of 27.18, a price-to-earnings-growth ratio of 6.89 and a beta of 1.54. The company has a quick ratio of 1.91, a current ratio of 2.00 and a debt-to-equity ratio of 1.91. Playa Hotels & Resorts has a 52-week low of $6.88 and a 52-week high of $9.85. The business has a 50-day moving average price of $9.38 and a 200 day moving average price of $8.51.

Insider Activity at Playa Hotels & Resorts

In related news, CAO Brandon B. Buhler sold 35,915 shares of the company’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total value of $324,671.60. Following the completion of the sale, the chief accounting officer now directly owns 102,598 shares of the company’s stock, valued at approximately $927,485.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was sold at an average price of $9.45, for a total transaction of $47,250.00. Following the completion of the sale, the director now directly owns 2,534,033 shares of the company’s stock, valued at approximately $23,946,611.85. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Brandon B. Buhler sold 35,915 shares of the company’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total value of $324,671.60. Following the sale, the chief accounting officer now directly owns 102,598 shares of the company’s stock, valued at $927,485.92. The disclosure for this sale can be found here. Insiders sold a total of 65,915 shares of company stock valued at $604,222 in the last three months. 7.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Truist Financial upped their target price on Playa Hotels & Resorts from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Tuesday, February 27th.

Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.