Zacks: Analysts Anticipate Playa Hotels & Resorts (NASDAQ:PLYA) Will Announce Quarterly Sales of $154.43 Million

Wall Street brokerages forecast that Playa Hotels & Resorts (NASDAQ:PLYA) will report sales of $154.43 million for the current quarter, according to Zacks. Three analysts have provided estimates for Playa Hotels & Resorts’ earnings, with estimates ranging from $133.61 million to $170.97 million. Playa Hotels & Resorts reported sales of $66.24 million during the same quarter last year, which indicates a positive year-over-year growth rate of 133.1%. The firm is expected to report its next quarterly earnings results on Thursday, March 3rd.

According to Zacks, analysts expect that Playa Hotels & Resorts will report full-year sales of $499.69 million for the current year, with estimates ranging from $468.01 million to $526.25 million. For the next financial year, analysts anticipate that the company will post sales of $636.95 million, with estimates ranging from $583.10 million to $697.26 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Wednesday, November 3rd. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.08) by ($0.01). Playa Hotels & Resorts had a negative net margin of 38.59% and a negative return on equity of 21.49%. During the same quarter last year, the business posted ($0.57) earnings per share.

PLYA has been the topic of several recent analyst reports. Citigroup boosted their target price on Playa Hotels & Resorts from $8.00 to $9.00 and gave the stock a “neutral” rating in a report on Wednesday, October 6th. Zacks Investment Research cut Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday, October 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $8.67.

In related news, Director Richard B. Fried sold 8,352,553 shares of Playa Hotels & Resorts stock in a transaction that occurred on Friday, November 12th. The shares were sold at an average price of $8.12, for a total transaction of $67,822,730.36. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ryan Paul Hymel sold 7,838 shares of Playa Hotels & Resorts stock in a transaction that occurred on Wednesday, November 3rd. The shares were sold at an average price of $8.91, for a total transaction of $69,836.58. The disclosure for this sale can be found here. Insiders have sold a total of 8,475,645 shares of company stock worth $68,796,709 over the last three months. 6.91% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its position in shares of Playa Hotels & Resorts by 11.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 61,171 shares of the company’s stock worth $507,000 after purchasing an additional 6,500 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Playa Hotels & Resorts in the 3rd quarter worth approximately $97,000. Two Sigma Advisers LP lifted its position in shares of Playa Hotels & Resorts by 101.2% during the 3rd quarter. Two Sigma Advisers LP now owns 245,100 shares of the company’s stock valued at $2,032,000 after acquiring an additional 123,300 shares during the period. Clearline Capital LP lifted its position in shares of Playa Hotels & Resorts by 10.6% during the 3rd quarter. Clearline Capital LP now owns 534,235 shares of the company’s stock valued at $4,429,000 after acquiring an additional 51,000 shares during the period. Finally, California State Teachers Retirement System acquired a new position in shares of Playa Hotels & Resorts during the 3rd quarter valued at $789,000. Hedge funds and other institutional investors own 75.25% of the company’s stock.

PLYA traded down $0.07 on Thursday, hitting $7.70. 515,520 shares of the stock traded hands, compared to its average volume of 1,333,391. Playa Hotels & Resorts has a 52 week low of $4.84 and a 52 week high of $9.46. The company has a current ratio of 2.64, a quick ratio of 2.52 and a debt-to-equity ratio of 1.82. The firm has a market capitalization of $1.26 billion, a PE ratio of -6.94 and a beta of 2.03. The business has a fifty day moving average price of $8.28 and a two-hundred day moving average price of $7.53.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV operates hotels and resorts. It engages in the ownership, operation, and development of all-inclusive resorts in beachfront location destinations in Mexico and the Caribbean. The company owns and manages Hyatt Zilara Cancun, Hyatt Ziva Cancun, Panama Jack Resorts Cancun, Panama Jack Resorts Playa del Carmen, Hilton Playa del Carmen an All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, Hyatt Ziva Los Cabos, Hyatt Zilara Rose Hall and Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Dunn’s River Beach Resort, Jewel Grande Montego Bay Resort & Spa, Jewel Runaway Bay Beach & Golf Resort, Jewel Paradise Cove Beach Resort & Spa, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana Hilton La Romana an All-Inclusive Family Resort and Hilton La Romana an All-Inclusive Adult Resort.

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Earnings History and Estimates for Playa Hotels & Resorts (NASDAQ:PLYA)

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