Brokerages expect that Playa Hotels & Resorts NV (NASDAQ:PLYA) will report earnings per share (EPS) of ($0.50) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Playa Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at ($0.58) and the highest estimate coming in at ($0.40). Playa Hotels & Resorts reported earnings per share of ($0.23) in the same quarter last year, which would suggest a negative year-over-year growth rate of 117.4%. The business is expected to report its next quarterly earnings results on Wednesday, November 4th.

According to Zacks, analysts expect that Playa Hotels & Resorts will report full year earnings of ($1.84) per share for the current fiscal year. For the next year, analysts anticipate that the business will post earnings of ($0.82) per share, with EPS estimates ranging from ($0.86) to ($0.76). Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.46) earnings per share for the quarter, beating the consensus estimate of ($0.47) by $0.01. The firm had revenue of $0.98 million during the quarter, compared to the consensus estimate of $0.61 million. Playa Hotels & Resorts had a negative return on equity of 12.73% and a negative net margin of 34.82%. The firm’s quarterly revenue was down 99.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Playa Hotels & Resorts from a “hold” rating to a “strong sell” rating in a report on Friday, July 31st. Deutsche Bank reiterated a “buy” rating and issued a $8.00 target price on shares of Playa Hotels & Resorts in a report on Sunday, August 9th. BidaskClub downgraded shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup upped their price objective on shares of Playa Hotels & Resorts from $1.00 to $3.00 and gave the company a “sell” rating in a report on Thursday, July 2nd. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $5.10.

Shares of Playa Hotels & Resorts stock opened at $4.04 on Tuesday. The company has a market capitalization of $543.36 million, a PE ratio of -3.34 and a beta of 2.15. The company has a debt-to-equity ratio of 1.76, a quick ratio of 2.68 and a current ratio of 2.79. The company has a 50-day simple moving average of $4.12 and a two-hundred day simple moving average of $3.24. Playa Hotels & Resorts has a one year low of $1.30 and a one year high of $8.59.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its position in Playa Hotels & Resorts by 1.9% in the first quarter. Wells Fargo & Company MN now owns 652,831 shares of the company’s stock valued at $1,142,000 after buying an additional 12,025 shares during the last quarter. WINTON GROUP Ltd boosted its position in Playa Hotels & Resorts by 23.1% in the second quarter. WINTON GROUP Ltd now owns 346,850 shares of the company’s stock valued at $1,256,000 after buying an additional 64,988 shares during the last quarter. BlackRock Inc. boosted its position in Playa Hotels & Resorts by 3.3% in the first quarter. BlackRock Inc. now owns 1,298,507 shares of the company’s stock valued at $2,272,000 after buying an additional 41,393 shares during the last quarter. First Trust Advisors LP boosted its position in Playa Hotels & Resorts by 443.2% in the second quarter. First Trust Advisors LP now owns 558,431 shares of the company’s stock valued at $2,022,000 after buying an additional 455,621 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Playa Hotels & Resorts by 3.3% in the first quarter. Geode Capital Management LLC now owns 582,675 shares of the company’s stock valued at $1,019,000 after buying an additional 18,689 shares during the last quarter. Hedge funds and other institutional investors own 71.34% of the company’s stock.

Playa Hotels & Resorts Company Profile

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

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