Wall Street analysts expect Playa Hotels & Resorts NV (NASDAQ:PLYA) to post $138.85 million in sales for the current quarter, Zacks reports. Three analysts have made estimates for Playa Hotels & Resorts’ earnings. The lowest sales estimate is $137.90 million and the highest is $140.10 million. Playa Hotels & Resorts reported sales of $118.34 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.3%. The company is expected to issue its next quarterly earnings report on Monday, November 5th.
According to Zacks, analysts expect that Playa Hotels & Resorts will report full-year sales of $616.11 million for the current financial year, with estimates ranging from $611.23 million to $621.30 million. For the next financial year, analysts anticipate that the business will report sales of $695.63 million per share, with estimates ranging from $689.29 million to $700.70 million. Zacks’ sales averages are an average based on a survey of analysts that follow Playa Hotels & Resorts.
Playa Hotels & Resorts (NASDAQ:PLYA) last posted its quarterly earnings data on Monday, August 6th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.03. Playa Hotels & Resorts had a return on equity of 8.22% and a net margin of 3.75%. The firm had revenue of $145.57 million during the quarter, compared to the consensus estimate of $144.83 million. During the same period in the prior year, the business earned $0.03 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year.
Playa Hotels & Resorts traded down $0.03, reaching $10.34, during mid-day trading on Tuesday, MarketBeat reports. The company’s stock had a trading volume of 136,549 shares, compared to its average volume of 219,202. Playa Hotels & Resorts has a 12-month low of $9.41 and a 12-month high of $11.94. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.57 and a current ratio of 1.79. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 21.16 and a beta of -0.17.
In other Playa Hotels & Resorts news, CFO Ryan Paul Hymel sold 2,922 shares of the business’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $10.50, for a total transaction of $30,681.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Alexander Stadlin sold 4,924 shares of the business’s stock in a transaction on Thursday, May 31st. The stock was sold at an average price of $10.51, for a total value of $51,751.24. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,483 shares of company stock valued at $110,147. 2.74% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN boosted its holdings in shares of Playa Hotels & Resorts by 7.7% during the 1st quarter. Wells Fargo & Company MN now owns 2,892,619 shares of the company’s stock valued at $29,562,000 after buying an additional 206,519 shares in the last quarter. Neuberger Berman Group LLC raised its position in shares of Playa Hotels & Resorts by 6.3% in the 1st quarter. Neuberger Berman Group LLC now owns 1,981,222 shares of the company’s stock worth $20,248,000 after purchasing an additional 117,341 shares during the last quarter. Elk Creek Partners LLC raised its position in shares of Playa Hotels & Resorts by 15.8% in the 1st quarter. Elk Creek Partners LLC now owns 1,196,089 shares of the company’s stock worth $12,224,000 after purchasing an additional 163,446 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Playa Hotels & Resorts by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,128,920 shares of the company’s stock worth $12,192,000 after purchasing an additional 197,520 shares during the last quarter. Finally, Keeley Teton Advisors LLC raised its position in shares of Playa Hotels & Resorts by 115.9% in the 1st quarter. Keeley Teton Advisors LLC now owns 1,004,237 shares of the company’s stock worth $10,263,000 after purchasing an additional 539,112 shares during the last quarter. 68.46% of the stock is currently owned by institutional investors.
About Playa Hotels & Resorts
Playa Hotels & Resorts N.V. owns, operates, develops, and manages all-inclusive resorts in prime beachfront locations in various vacation destinations in Mexico and the Caribbean. The company owns, operates, and manages resorts under the Hyatt Ziva, Panama Jack, Dreams, Sanctuary, Hyatt Zilara, THE Royal, and Secrets brand names.
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