Brokerages predict that Playa Hotels & Resorts NV (NASDAQ:PLYA) will post sales of $135.86 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Playa Hotels & Resorts’ earnings. The highest sales estimate is $152.00 million and the lowest is $126.90 million. Playa Hotels & Resorts reported sales of $142.81 million in the same quarter last year, which would suggest a negative year over year growth rate of 4.9%. The business is expected to report its next quarterly earnings report on Tuesday, November 5th.
On average, analysts expect that Playa Hotels & Resorts will report full year sales of $636.10 million for the current year, with estimates ranging from $628.95 million to $649.40 million. For the next fiscal year, analysts anticipate that the business will report sales of $757.43 million, with estimates ranging from $738.95 million to $773.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.01 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.02) by $0.03. The company had revenue of $164.02 million for the quarter, compared to analyst estimates of $160.71 million. Playa Hotels & Resorts had a return on equity of 4.47% and a net margin of 3.72%. Playa Hotels & Resorts’s revenue was up 12.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.11 earnings per share.
Shares of NASDAQ PLYA traded up $0.14 during mid-day trading on Friday, reaching $7.65. 113,200 shares of the company’s stock were exchanged, compared to its average volume of 578,287. The firm has a market capitalization of $976.12 million, a price-to-earnings ratio of 23.91 and a beta of 0.40. 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 fifty day simple moving average of $7.47 and a 200 day simple moving average of $7.84. Playa Hotels & Resorts has a twelve month low of $5.98 and a twelve month high of $10.83.
In related news, insider Brandon B. Buhler sold 4,911 shares of the stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $8.12, for a total transaction of $39,877.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.67% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of the stock. Toronto Dominion Bank bought a new position in Playa Hotels & Resorts in the second quarter valued at approximately $33,000. First Manhattan Co. grew its stake in Playa Hotels & Resorts by 538.9% in the second quarter. First Manhattan Co. now owns 5,750 shares of the company’s stock valued at $44,000 after purchasing an additional 4,850 shares in the last quarter. Aperio Group LLC bought a new position in Playa Hotels & Resorts in the second quarter valued at approximately $54,000. Ellington Management Group LLC bought a new position in Playa Hotels & Resorts in the second quarter valued at approximately $90,000. Finally, Squarepoint Ops LLC bought a new position in Playa Hotels & Resorts in the fourth quarter valued at approximately $93,000. Institutional investors and hedge funds own 69.52% of the company’s stock.
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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