Playa Hotels & Resorts (NASDAQ:PLYA) issued its earnings results on Wednesday. The company reported ($0.23) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.07), Briefing.com reports. Playa Hotels & Resorts had a return on equity of 4.47% and a net margin of 3.72%. The business had revenue of $132.83 million during the quarter, compared to the consensus estimate of $130.47 million. During the same period in the prior year, the business earned ($0.07) EPS. The business’s revenue was down 7.0% on a year-over-year basis.
NASDAQ PLYA traded down $0.27 during trading hours on Friday, reaching $7.61. The company’s stock had a trading volume of 326,300 shares, compared to its average volume of 309,637. The company has a current ratio of 1.33, a quick ratio of 1.23 and a debt-to-equity ratio of 1.14. The business has a 50-day simple moving average of $7.86 and a 200 day simple moving average of $7.87. Playa Hotels & Resorts has a 52 week low of $5.98 and a 52 week high of $9.15. The stock has a market cap of $1.10 billion, a PE ratio of 23.78 and a beta of 0.33.
A number of equities analysts have issued reports on PLYA shares. SunTrust Banks set a $11.00 target price on shares of Playa Hotels & Resorts and gave the stock a “buy” rating in a report on Monday, August 12th. Deutsche Bank set a $13.00 target price on shares of Playa Hotels & Resorts and gave the stock a “buy” rating in a report on Wednesday, August 7th. Zacks Investment Research raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Tuesday, October 15th. Finally, BidaskClub raised shares of Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Saturday, October 19th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $10.44.
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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