Zacks: Analysts Expect Playa Hotels & Resorts NV (PLYA) Will Post Quarterly Sales of $144.93 Million

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Brokerages expect that Playa Hotels & Resorts NV (NASDAQ:PLYA) will report sales of $144.93 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $144.49 million and the highest estimate coming in at $145.60 million. Playa Hotels & Resorts posted sales of $140.60 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.1%. The company is expected to issue its next quarterly earnings results on Monday, August 6th.

On average, analysts expect that Playa Hotels & Resorts will report full-year sales of $616.67 million for the current fiscal year, with estimates ranging from $612.90 million to $621.30 million. For the next year, analysts forecast that the firm will post sales of $699.14 million per share, with estimates ranging from $696.90 million to $701.10 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings data on Monday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.06. Playa Hotels & Resorts had a negative net margin of 1.08% and a positive return on equity of 6.46%. The business had revenue of $145.57 million for the quarter, compared to analyst estimates of $144.83 million. During the same period last year, the business earned $0.03 EPS. The company’s revenue was up 3.5% on a year-over-year basis.

A number of equities research analysts have recently weighed in on PLYA shares. Zacks Investment Research lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Wednesday, July 18th. BidaskClub lowered shares of Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Thursday, April 19th. Finally, Deutsche Bank restated a “buy” rating on shares of Playa Hotels & Resorts in a report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. Playa Hotels & Resorts currently has a consensus rating of “Buy” and an average target price of $14.19.

In related news, COO Alexander Stadlin sold 4,924 shares of Playa Hotels & Resorts stock in a transaction on Thursday, May 31st. The shares were sold at an average price of $10.51, for a total transaction of $51,751.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Ryan Paul Hymel sold 2,922 shares of Playa Hotels & Resorts stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $10.50, for a total transaction of $30,681.00. The disclosure for this sale can be found here. Insiders have sold a total of 10,483 shares of company stock worth $110,147 over the last quarter. 3.67% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in PLYA. Bank of New York Mellon Corp raised its stake in Playa Hotels & Resorts by 9.7% during the 4th quarter. Bank of New York Mellon Corp now owns 224,243 shares of the company’s stock worth $2,419,000 after acquiring an additional 19,758 shares in the last quarter. Geode Capital Management LLC raised its stake in Playa Hotels & Resorts by 12.7% during the 4th quarter. Geode Capital Management LLC now owns 479,817 shares of the company’s stock worth $5,177,000 after acquiring an additional 54,198 shares in the last quarter. Renaissance Technologies LLC raised its stake in Playa Hotels & Resorts by 44.0% during the 4th quarter. Renaissance Technologies LLC now owns 362,928 shares of the company’s stock worth $3,916,000 after acquiring an additional 110,928 shares in the last quarter. Deutsche Bank AG raised its stake in Playa Hotels & Resorts by 16.6% during the 4th quarter. Deutsche Bank AG now owns 172,340 shares of the company’s stock worth $1,859,000 after acquiring an additional 24,522 shares in the last quarter. Finally, Goldman Sachs Group Inc. acquired a new stake in Playa Hotels & Resorts during the 4th quarter worth $155,000. Hedge funds and other institutional investors own 68.46% of the company’s stock.

Shares of PLYA opened at $10.27 on Tuesday. Playa Hotels & Resorts has a twelve month low of $9.41 and a twelve month high of $12.06. The firm has a market capitalization of $1.35 billion, a PE ratio of 27.03 and a beta of -0.17. The company has a current ratio of 1.65, a quick ratio of 1.57 and a debt-to-equity ratio of 1.44.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.

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