Brokerages forecast that Playa Hotels & Resorts (NASDAQ:PLYA) will announce $137.51 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Playa Hotels & Resorts’ earnings. The lowest sales estimate is $127.85 million and the highest is $146.48 million. Playa Hotels & Resorts posted sales of $28.74 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 378.5%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 3rd.
According to Zacks, analysts expect that Playa Hotels & Resorts will report full-year sales of $502.11 million for the current financial year, with estimates ranging from $468.01 million to $520.10 million. For the next fiscal year, analysts expect that the company will post sales of $646.98 million, with estimates ranging from $604.80 million to $705.67 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Wednesday, August 4th. The company reported ($0.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.19) by $0.13. Playa Hotels & Resorts had a negative return on equity of 31.58% and a negative net margin of 76.24%. The company had revenue of $128.80 million for the quarter, compared to analyst estimates of $99.48 million. During the same quarter last year, the company earned ($0.46) earnings per share. The firm’s quarterly revenue was up 13016.4% compared to the same quarter last year.
Shares of NASDAQ PLYA opened at $7.19 on Tuesday. Playa Hotels & Resorts has a twelve month low of $3.76 and a twelve month high of $8.35. The stock’s 50 day moving average price is $6.94 and its 200-day moving average price is $7.22. The company has a market capitalization of $1.18 billion, a PE ratio of -4.47 and a beta of 2.22. The company has a quick ratio of 2.38, a current ratio of 2.48 and a debt-to-equity ratio of 1.79.
In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 40,000 shares of the business’s stock in a transaction on Monday, June 28th. The shares were sold at an average price of $7.42, for a total transaction of $296,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 150,000 shares of company stock worth $1,074,500 in the last three months. Insiders own 6.91% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Connacht Asset Management LP raised its holdings in Playa Hotels & Resorts by 207.5% during the 1st quarter. Connacht Asset Management LP now owns 449,540 shares of the company’s stock valued at $3,282,000 after acquiring an additional 303,340 shares during the period. Northern Trust Corp grew its position in shares of Playa Hotels & Resorts by 76.4% during the 1st quarter. Northern Trust Corp now owns 247,017 shares of the company’s stock valued at $1,803,000 after purchasing an additional 106,971 shares in the last quarter. Dendur Capital LP purchased a new position in shares of Playa Hotels & Resorts during the 1st quarter valued at $18,817,000. Cubist Systematic Strategies LLC grew its position in shares of Playa Hotels & Resorts by 74.6% during the 1st quarter. Cubist Systematic Strategies LLC now owns 80,256 shares of the company’s stock valued at $586,000 after purchasing an additional 34,294 shares in the last quarter. Finally, M&T Bank Corp grew its position in shares of Playa Hotels & Resorts by 14.5% during the 1st quarter. M&T Bank Corp now owns 14,078 shares of the company’s stock valued at $103,000 after purchasing an additional 1,778 shares in the last quarter. 74.71% of the stock is currently owned by institutional investors and hedge funds.
Playa Hotels & Resorts Company Profile
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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