Playa Hotels & Resorts (NASDAQ:PLYA) Releases Earnings Results

Playa Hotels & Resorts (NASDAQ:PLYA) issued its earnings results on Monday. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.10 by $0.02, Briefing.com reports. Playa Hotels & Resorts had a return on equity of 12.08% and a net margin of 6.52%. The business had revenue of $235.48 million during the quarter, compared to the consensus estimate of $228.95 million. During the same period last year, the company earned $0.13 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis.

Playa Hotels & Resorts Price Performance

NASDAQ:PLYA remained flat at $7.53 on Wednesday. 272,617 shares of the company’s stock were exchanged, compared to its average volume of 620,546. The company has a quick ratio of 2.16, a current ratio of 2.26 and a debt-to-equity ratio of 1.81. The stock has a market cap of $1.00 billion, a price-to-earnings ratio of 16.37, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The business has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $8.77. Playa Hotels & Resorts has a one year low of $6.88 and a one year high of $9.85.

Insiders Place Their Bets

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 60,000 shares of the business’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.31, for a total transaction of $498,600.00. Following the sale, the director now directly owns 2,469,033 shares in the company, valued at $20,517,664.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 9.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PLYA. Oppenheimer reaffirmed an “outperform” rating and issued a $12.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday, July 10th. Macquarie reaffirmed an “outperform” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating for the company in a research note on Thursday, May 9th.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.