Zacks: Analysts Anticipate Playa Hotels & Resorts NV (PLYA) Will Announce Earnings of $0.02 Per Share

Equities analysts expect Playa Hotels & Resorts NV (NASDAQ:PLYA) to post $0.02 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Playa Hotels & Resorts’ earnings. The highest EPS estimate is $0.02 and the lowest is $0.01. Playa Hotels & Resorts posted earnings per share of ($0.58) during the same quarter last year, which indicates a positive year over year growth rate of 103.4%. The firm is expected to announce its next quarterly earnings report on Tuesday, March 13th.

According to Zacks, analysts expect that Playa Hotels & Resorts will report full year earnings of $0.02 per share for the current year, with EPS estimates ranging from ($0.02) to $0.05. For the next fiscal year, analysts anticipate that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.44 to $0.54. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Monday, November 6th. The company reported ($0.05) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.07) by $0.02. Playa Hotels & Resorts had a negative net margin of 2.38% and a negative return on equity of 1.00%.

PLYA has been the topic of several research reports. Zacks Investment Research upgraded shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research note on Wednesday, December 13th. Northland Securities reiterated a “buy” rating and issued a $14.75 price objective on shares of Playa Hotels & Resorts in a research note on Friday, November 10th. BidaskClub upgraded shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research note on Thursday, January 11th. Finally, Nomura reiterated a “buy” rating and issued a $16.00 price objective on shares of Playa Hotels & Resorts in a research note on Friday, January 19th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $13.89.

In other Playa Hotels & Resorts news, Director Daniel J. Hirsch purchased 30,000 shares of the company’s stock in a transaction dated Friday, November 10th. The shares were bought at an average price of $10.52 per share, for a total transaction of $315,600.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.74% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PLYA. Schwab Charles Investment Management Inc. acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $1,013,000. Bank of New York Mellon Corp increased its stake in shares of Playa Hotels & Resorts by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock worth $2,431,000 after purchasing an additional 14,620 shares during the last quarter. Wells Fargo & Company MN increased its stake in shares of Playa Hotels & Resorts by 1,855.9% during the 2nd quarter. Wells Fargo & Company MN now owns 829,856 shares of the company’s stock worth $9,916,000 after purchasing an additional 787,428 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $1,380,000. Finally, Nationwide Fund Advisors acquired a new position in shares of Playa Hotels & Resorts during the 2nd quarter worth $1,031,000. Institutional investors own 77.43% of the company’s stock.

Playa Hotels & Resorts (NASDAQ:PLYA) traded down $0.18 during trading on Friday, reaching $10.39. 188,377 shares of the company’s stock traded hands, compared to its average volume of 246,838. The firm has a market cap of $1,130.00 and a price-to-earnings ratio of -23.09. The company has a current ratio of 1.59, a quick ratio of 1.51 and a debt-to-equity ratio of 1.44. Playa Hotels & Resorts has a 1 year low of $9.45 and a 1 year high of $12.27.

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Playa Hotels & Resorts Company Profile

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

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