Playa Hotels & Resorts (NASDAQ:PLYA) Issues Earnings Results

Playa Hotels & Resorts (NASDAQ:PLYA) announced its earnings results on Monday. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02, Briefing.com reports. The business had revenue of $235.48 million during the quarter, compared to analyst estimates of $228.95 million. Playa Hotels & Resorts had a net margin of 6.52% and a return on equity of 12.08%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.13 EPS.

Playa Hotels & Resorts Price Performance

PLYA traded down $0.13 during trading on Tuesday, reaching $7.51. 777,968 shares of the company traded hands, compared to its average volume of 612,732. The company has a market cap of $1.00 billion, a P/E ratio of 16.15, a PEG ratio of 0.65 and a beta of 1.60. The company has a debt-to-equity ratio of 1.81, a quick ratio of 2.16 and a current ratio of 2.26. Playa Hotels & Resorts has a 12-month low of $6.88 and a 12-month high of $9.85. The firm has a fifty day simple moving average of $8.38 and a 200 day simple moving average of $8.78.

Insider Buying and Selling

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

Analyst Ratings Changes

Several analysts recently issued reports on PLYA shares. Deutsche Bank Aktiengesellschaft cut their target price on shares of Playa Hotels & Resorts from $16.00 to $14.00 and set a “buy” rating for the company in a research report on Thursday, May 9th. Oppenheimer reiterated an “outperform” rating and set a $12.00 target price on shares of Playa Hotels & Resorts in a research report on Wednesday, July 10th.

Playa Hotels & Resorts Company Profile

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.