Playa Hotels & Resorts (PLYA) Scheduled to Post Quarterly Earnings on Wednesday

Playa Hotels & Resorts (NASDAQ:PLYA) is set to release its earnings data after the market closes on Wednesday, November 6th. Analysts expect Playa Hotels & Resorts to post earnings of ($0.19) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Playa Hotels & Resorts (NASDAQ:PLYA) last released its earnings results on Monday, August 5th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. Playa Hotels & Resorts had a net margin of 5.85% and a return on equity of 11.79%. The firm had revenue of $235.48 million during the quarter, compared to the consensus estimate of $228.95 million. During the same period in the previous year, the firm earned $0.13 earnings per share. Playa Hotels & Resorts’s revenue was down 5.1% compared to the same quarter last year. On average, analysts expect Playa Hotels & Resorts to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Playa Hotels & Resorts Price Performance

Playa Hotels & Resorts stock opened at $8.63 on Tuesday. Playa Hotels & Resorts has a 1 year low of $6.91 and a 1 year high of $9.85. The firm has a 50 day moving average price of $8.04 and a 200 day moving average price of $8.26. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 1.74 and a beta of 1.60. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.13 and a current ratio of 2.23.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on PLYA. Citigroup restated a “neutral” rating and issued a $8.00 target price (down from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. Oppenheimer decreased their price objective on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Truist Financial decreased their price objective on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Finally, Macquarie reiterated an “outperform” rating and set a $14.00 price objective on shares of Playa Hotels & Resorts in a research note on Wednesday, August 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $11.00.

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.