Wall Street analysts predict that Playa Hotels & Resorts NV (NASDAQ:PLYA) will announce sales of $159.34 million for the current quarter, according to Zacks. Four analysts have made estimates for Playa Hotels & Resorts’ earnings, with the highest sales estimate coming in at $165.34 million and the lowest estimate coming in at $153.00 million. Playa Hotels & Resorts posted sales of $145.57 million in the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The company is expected to issue its next earnings results on Monday, August 5th.

On average, analysts expect that Playa Hotels & Resorts will report full-year sales of $654.37 million for the current financial year, with estimates ranging from $638.70 million to $666.02 million. For the next fiscal year, analysts forecast that the business will report sales of $801.19 million, with estimates ranging from $770.80 million to $822.90 million. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The company had revenue of $195.80 million during the quarter, compared to analysts’ expectations of $182.60 million. During the same period in the previous year, the company earned $0.32 EPS. The business’s quarterly revenue was up 10.7% compared to the same quarter last year.

Several analysts have recently issued reports on PLYA shares. BidaskClub cut shares of Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 14th. Deutsche Bank reissued a “buy” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.00.

In related news, insider Brandon B. Buhler sold 7,475 shares of Playa Hotels & Resorts stock in a transaction on Friday, May 10th. The shares were sold at an average price of $8.20, for a total transaction of $61,295.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 3.67% of the company’s stock.

Several institutional investors have recently modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Playa Hotels & Resorts by 175.6% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock valued at $38,000 after buying an additional 3,396 shares during the last quarter. Virtu Financial LLC bought a new position in Playa Hotels & Resorts in the 4th quarter worth about $75,000. Squarepoint Ops LLC bought a new position in Playa Hotels & Resorts in the 4th quarter worth about $93,000. Trexquant Investment LP bought a new position in Playa Hotels & Resorts in the 1st quarter worth about $132,000. Finally, Assenagon Asset Management S.A. bought a new position in Playa Hotels & Resorts in the 4th quarter worth about $141,000. Institutional investors and hedge funds own 68.33% of the company’s stock.

Shares of NASDAQ PLYA traded up $0.05 during trading on Friday, hitting $8.72. 19,036 shares of the company traded hands, compared to its average volume of 394,290. Playa Hotels & Resorts has a 1 year low of $5.98 and a 1 year high of $11.48. The stock has a market capitalization of $1.11 billion, a PE ratio of 27.47 and a beta of 0.62. The company has a quick ratio of 1.42, a current ratio of 1.52 and a debt-to-equity ratio of 1.12.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, and develops all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company operates under eight brand names. As of February 28, 2019, it owned a portfolio consisting of 21 resorts comprising 7,908 rooms located in Mexico, Jamaica, and the Dominican Republic.

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

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