Playa Hotels & Resorts (NASDAQ:PLYA) Announces Earnings Results, Beats Expectations By $0.02 EPS

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

Playa Hotels & Resorts Stock Performance

NASDAQ:PLYA traded up $0.07 during mid-day trading on Thursday, hitting $7.37. The stock had a trading volume of 1,264,021 shares, compared to its average volume of 632,382. The company’s 50 day simple moving average is $8.34 and its 200 day simple moving average is $8.76. The stock has a market cap of $981.54 million, a price-to-earnings ratio of 16.09, 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 twelve month low of $6.88 and a twelve month high of $9.85.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on PLYA. Truist Financial cut their price objective 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. Deutsche Bank Aktiengesellschaft cut their price target on shares of Playa Hotels & Resorts from $14.00 to $13.00 and set a “buy” rating on the stock in a research report on Thursday. Oppenheimer decreased their price objective on Playa Hotels & Resorts from $12.00 to $10.00 and set an “outperform” rating for the company in a report on Thursday. Finally, Macquarie reiterated an “outperform” rating and set a $14.00 target price on shares of Playa Hotels & Resorts in a report on Wednesday.

Insider Buying and Selling at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 60,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $8.31, for a total value of $498,600.00. Following the transaction, the director now owns 2,469,033 shares in the company, valued at approximately $20,517,664.23. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 9.70% of the company’s stock.

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.