Equities research analysts forecast that Playa Hotels & Resorts NV (NASDAQ:PLYA) will post ($0.12) earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Playa Hotels & Resorts’ earnings. The highest EPS estimate is ($0.11) and the lowest is ($0.14). Playa Hotels & Resorts reported earnings per share of ($0.11) in the same quarter last year, which would suggest a negative year over year growth rate of 9.1%. The firm is scheduled to issue its next earnings report on Thursday, February 27th.

On average, analysts expect that Playa Hotels & Resorts will report full year earnings of $0.06 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.08. For the next year, analysts forecast that the firm will report earnings of $0.09 per share, with EPS estimates ranging from ($0.04) to $0.18. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Wednesday, November 6th. The company reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.07). Playa Hotels & Resorts had a negative net margin of 0.10% and a positive return on equity of 2.07%. The business had revenue of $132.83 million during the quarter, compared to analyst estimates of $130.47 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The business’s revenue for the quarter was down 7.0% compared to the same quarter last year.

A number of research analysts have recently commented on the stock. BidaskClub downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, November 20th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Tuesday, October 15th. TheStreet downgraded shares of Playa Hotels & Resorts from a “c-” rating to a “d+” rating in a report on Wednesday, November 20th. SunTrust Banks dropped their price target on shares of Playa Hotels & Resorts from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday. Finally, Deutsche Bank set a $13.00 price target on shares of Playa Hotels & Resorts and gave the stock a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. Playa Hotels & Resorts presently has an average rating of “Hold” and an average target price of $10.58.

Shares of NASDAQ:PLYA opened at $7.76 on Friday. The stock’s 50-day moving average price is $7.76 and its two-hundred day moving average price is $7.79. The company has a current ratio of 0.84, a quick ratio of 0.74 and a debt-to-equity ratio of 1.19. Playa Hotels & Resorts has a 12-month low of $5.98 and a 12-month high of $8.95. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 24.25 and a beta of 0.30.

Institutional investors have recently modified their holdings of the stock. Renaissance Group LLC grew its position in Playa Hotels & Resorts by 1.6% during the third quarter. Renaissance Group LLC now owns 89,752 shares of the company’s stock valued at $703,000 after acquiring an additional 1,381 shares during the period. Swiss National Bank lifted its stake in shares of Playa Hotels & Resorts by 2.1% in the 2nd quarter. Swiss National Bank now owns 109,300 shares of the company’s stock valued at $843,000 after purchasing an additional 2,200 shares in the last quarter. Toronto Dominion Bank acquired a new position in shares of Playa Hotels & Resorts in the 2nd quarter valued at about $33,000. UBS Asset Management Americas Inc. grew its holdings in shares of Playa Hotels & Resorts by 12.6% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 27,599 shares of the company’s stock worth $213,000 after purchasing an additional 3,088 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Playa Hotels & Resorts by 2.1% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 202,932 shares of the company’s stock worth $1,565,000 after purchasing an additional 4,166 shares during the period. Hedge funds and other institutional investors own 67.79% of the company’s stock.

Playa Hotels & Resorts Company Profile

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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