Wall Street brokerages expect that Playa Hotels & Resorts NV (NASDAQ:PLYA) will announce sales of $181.32 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Playa Hotels & Resorts’ earnings, with estimates ranging from $168.20 million to $193.08 million. Playa Hotels & Resorts reported sales of $176.85 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.5%. The business is expected to announce its next earnings results on Monday, May 6th.
On average, analysts expect that Playa Hotels & Resorts will report full-year sales of $635.46 million for the current financial year, with estimates ranging from $611.50 million to $663.35 million. For the next financial year, analysts forecast that the company will report sales of $792.29 million, with estimates ranging from $760.52 million to $821.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Playa Hotels & Resorts.
A number of brokerages have recently commented on PLYA. Deutsche Bank set a $14.00 price target on Playa Hotels & Resorts and gave the stock a “buy plya” rating in a report on Monday, December 24th. BidaskClub lowered Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a report on Thursday, February 14th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $12.00.
PLYA traded up $0.05 on Thursday, hitting $8.16. The company had a trading volume of 416,800 shares, compared to its average volume of 247,281. Playa Hotels & Resorts has a 1-year low of $5.98 and a 1-year high of $11.48. The company has a debt-to-equity ratio of 1.18, a quick ratio of 1.33 and a current ratio of 1.42. The firm has a market cap of $1.07 billion, a P/E ratio of 25.47 and a beta of 0.58.
Several hedge funds have recently modified their holdings of PLYA. Northwood Liquid Management LP acquired a new position in shares of Playa Hotels & Resorts during the fourth quarter worth approximately $11,182,000. BlackRock Inc. lifted its holdings in shares of Playa Hotels & Resorts by 233.9% during the third quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock worth $10,798,000 after buying an additional 785,471 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Playa Hotels & Resorts by 26.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,516,084 shares of the company’s stock worth $10,900,000 after buying an additional 314,103 shares during the last quarter. Vanguard Group Inc lifted its holdings in shares of Playa Hotels & Resorts by 19.2% during the third quarter. Vanguard Group Inc now owns 1,010,987 shares of the company’s stock worth $9,737,000 after buying an additional 162,539 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Playa Hotels & Resorts by 19.2% during the third quarter. Vanguard Group Inc. now owns 1,010,987 shares of the company’s stock worth $9,737,000 after buying an additional 162,539 shares during the last quarter. Institutional investors own 70.21% 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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