Playa Hotels & Resorts (PLYA) Set to Announce Earnings on Monday

Playa Hotels & Resorts (NASDAQ:PLYA) will announce its earnings results after the market closes on Monday, August 5th. Analysts expect the company to announce earnings of $0.10 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its earnings results on Monday, May 6th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.34 by $0.06. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The firm had revenue of $300.64 million for the quarter, compared to analysts’ expectations of $273.77 million. During the same period in the prior year, the company earned $0.31 EPS. The business’s revenue was up 9.8% compared to the same quarter last year. On average, analysts expect Playa Hotels & Resorts to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock opened at $7.77 on Friday. The company has a debt-to-equity ratio of 1.81, a current ratio of 2.26 and a quick ratio of 2.16. Playa Hotels & Resorts has a 1-year low of $6.88 and a 1-year high of $9.85. The firm has a market capitalization of $1.03 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 0.65 and a beta of 1.60. The company’s 50-day moving average is $8.39 and its 200 day moving average is $8.77.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PLYA. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating on the stock in a research report on Thursday, May 9th. Oppenheimer reissued an “outperform” rating and issued a $12.00 price objective on shares of Playa Hotels & Resorts in a research report on Wednesday, July 10th.

Insiders Place Their Bets

In other Playa Hotels & Resorts news, Director Karl Mr. Peterson sold 60,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.31, for a total value of $498,600.00. Following the transaction, the director now directly owns 2,469,033 shares in the company, valued at approximately $20,517,664.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 9.70% of the company’s stock.

About Playa Hotels & Resorts

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. It owns and manages Hyatt Zilara Cancún, Hyatt Ziva Cancún, Wyndham Alltra Cancún, Wyndham Alltra Playa del Carmen, Hilton Playa del Carmen All-Inclusive Resort, Hyatt Ziva Puerto Vallarta, and Hyatt Ziva Los Cabos located in Mexico; Hyatt Zilara Rose Hall, Hyatt Ziva Rose Hall, Hilton Rose Hall Resort & Spa, Jewel Grande Montego Bay Resort & Spa, and Jewel Paradise Cove Beach Resort & Spa situated in Jamaica; the Hilton La Romana All-Inclusive Family Resort, the Hilton La Romana All-Inclusive Adult Resort, Hyatt Zilara Cap Cana, Hyatt Ziva Cap Cana, and Jewel Palm Beach located in the Dominican Republic; and manages resorts on behalf of third-party owners.