Playa Hotels & Resorts NV (NASDAQ:PLYA) – Equities researchers at SunTrust Banks issued their Q2 2019 EPS estimates for Playa Hotels & Resorts in a research note issued to investors on Wednesday, May 15th. SunTrust Banks analyst P. Scholes forecasts that the company will earn ($0.02) per share for the quarter. SunTrust Banks also issued estimates for Playa Hotels & Resorts’ Q3 2019 earnings at ($0.14) EPS, Q4 2019 earnings at ($0.03) EPS, FY2019 earnings at $0.17 EPS, Q1 2020 earnings at $0.39 EPS, Q3 2020 earnings at ($0.09) EPS, Q4 2020 earnings at $0.03 EPS and FY2021 earnings at $0.66 EPS.
Playa Hotels & Resorts (NASDAQ:PLYA) last posted its earnings results on Tuesday, May 7th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.18. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. The company had revenue of $195.80 million for the quarter, compared to analyst estimates of $182.60 million. During the same period last year, the company earned $0.32 earnings per share. The business’s revenue was up 10.7% compared to the same quarter last year.
PLYA has been the topic of several other reports. BidaskClub lowered Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a report on Monday, April 1st. Deutsche Bank restated a “buy” rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a report on Monday, March 4th. Finally, TheStreet upgraded Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a report on Wednesday, May 15th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Playa Hotels & Resorts has an average rating of “Hold” and a consensus target price of $12.00.
NASDAQ PLYA opened at $8.79 on Monday. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 27.47 and a beta of 0.62.
Several large investors have recently modified their holdings of PLYA. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Playa Hotels & Resorts by 175.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock valued at $38,000 after purchasing an additional 3,396 shares during the last quarter. Virtu Financial LLC acquired a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $75,000. Squarepoint Ops LLC acquired a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $93,000. Trexquant Investment LP acquired a new stake in shares of Playa Hotels & Resorts in the first quarter valued at about $132,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Playa Hotels & Resorts in the fourth quarter valued at about $141,000. 68.33% of the stock is currently owned by institutional investors.
In other Playa Hotels & Resorts news, insider Brandon B. Buhler sold 7,475 shares of the firm’s stock in a transaction dated Friday, May 10th. The stock was sold at an average price of $8.20, for a total transaction of $61,295.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 3.67% of the stock is owned by company insiders.
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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