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

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

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its earnings results on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, topping 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 business had revenue of $235.48 million for the quarter, compared to the consensus estimate of $228.95 million. During the same period in the previous year, the company earned $0.13 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. 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 Stock Performance

Shares of PLYA opened at $8.55 on Monday. The company has a market cap of $1.14 billion, a PE ratio of 19.88, a price-to-earnings-growth ratio of 1.74 and a beta of 1.60. The firm has a 50-day moving average of $8.04 and a 200-day moving average of $8.26. Playa Hotels & Resorts has a one year low of $6.91 and a one year high of $9.85. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.23 and a quick ratio of 2.13.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLYA shares. Deutsche Bank Aktiengesellschaft reduced their price target on 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. Macquarie reiterated an “outperform” rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a research report on Wednesday, August 7th. Citigroup reaffirmed a “neutral” rating and issued a $8.00 price objective (down from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. Oppenheimer dropped their price target on 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. Finally, Truist Financial reduced their price target on shares of Playa Hotels & Resorts from $12.00 to $10.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Playa Hotels & Resorts presently has an average 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.