$0.02 EPS Expected for Playa Hotels & Resorts NV (PLYA) This Quarter

Wall Street brokerages predict that Playa Hotels & Resorts NV (NASDAQ:PLYA) will announce earnings per share (EPS) of $0.02 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings, with estimates ranging from $0.01 to $0.02. Playa Hotels & Resorts reported earnings per share of ($0.58) during the same quarter last year, which would suggest a positive year over year growth rate of 103.4%. The firm is scheduled to report its next quarterly earnings results 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 financial year, with EPS estimates ranging from ($0.02) to $0.05. For the next financial year, analysts forecast that the business will report earnings of $0.48 per share, with EPS estimates ranging from $0.44 to $0.54. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Playa Hotels & Resorts.

A number of equities research analysts have weighed in on PLYA shares. Nomura restated a “buy” rating and issued a $16.00 target price on shares of Playa Hotels & Resorts in a research report on Friday, January 19th. Northland Securities reiterated a “buy” rating and set a $14.75 price objective on shares of Playa Hotels & Resorts in a research report on Friday, November 10th. Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a research report on Wednesday, December 13th. Finally, BidaskClub upgraded Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research report on Thursday, January 11th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $13.89.

Large investors have recently made changes to their positions in the company. Susquehanna International Group LLP acquired a new stake in shares of Playa Hotels & Resorts during the 3rd quarter valued at $827,000. BlackRock Inc. acquired a new stake in Playa Hotels & Resorts during the 2nd quarter valued at $96,964,000. JPMorgan Chase & Co. acquired a new stake in Playa Hotels & Resorts during the 3rd quarter valued at $777,000. GSA Capital Partners LLP acquired a new stake in Playa Hotels & Resorts during the 3rd quarter valued at $323,000. Finally, Ameriprise Financial Inc. raised its stake in Playa Hotels & Resorts by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock valued at $1,346,000 after purchasing an additional 13,500 shares during the period. Institutional investors own 76.39% of the company’s stock.

Playa Hotels & Resorts (NASDAQ:PLYA) traded up $0.37 on Wednesday, reaching $9.96. The company’s stock had a trading volume of 265,400 shares, compared to its average volume of 273,925. The firm has a market capitalization of $1,057.83 and a P/E ratio of -18.79. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.59 and a quick ratio of 1.51. Playa Hotels & Resorts has a 12-month low of $9.41 and a 12-month 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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