Playa Hotels & Resorts (NASDAQ:PLYA) Releases Quarterly Earnings Results, Beats Expectations By $0.18 EPS

Playa Hotels & Resorts (NASDAQ:PLYA) issued its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.18 by $0.18, Briefing.com reports. Playa Hotels & Resorts had a net margin of 6.31% and a return on equity of 5.89%. The firm had revenue of $195.80 million during the quarter, compared to analyst estimates of $182.60 million. During the same quarter in the prior year, the business posted $0.32 earnings per share. Playa Hotels & Resorts’s revenue for the quarter was up 10.7% compared to the same quarter last year.

Shares of NASDAQ:PLYA traded down $0.02 on Friday, reaching $8.11. 10,766 shares of the company’s stock were exchanged, compared to its average volume of 384,935. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 25.34 and a beta of 0.62. Playa Hotels & Resorts has a fifty-two week low of $5.98 and a fifty-two week high of $11.48. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.42 and a current ratio of 1.52.

PLYA has been the subject of several research reports. BidaskClub upgraded shares of Playa Hotels & Resorts from a “strong sell” rating to a “sell” rating in a research note on Wednesday, March 6th. Deutsche Bank restated a “buy” rating and issued a $14.00 target price on shares of Playa Hotels & Resorts in a research note on Monday, March 4th. Finally, TheStreet upgraded shares of Playa Hotels & Resorts from a “d+” rating to a “c-” rating in a research note on Wednesday, May 15th. One analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Playa Hotels & Resorts presently has an average rating of “Hold” and a consensus target price of $12.00.

In other Playa Hotels & Resorts news, insider Brandon B. Buhler sold 7,475 shares of the stock in a transaction on Friday, May 10th. The shares were sold at an average price of $8.20, for a total transaction of $61,295.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.67% of the stock is currently owned by corporate insiders.

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its position in shares of Playa Hotels & Resorts by 233.9% in the 3rd quarter. BlackRock Inc. now owns 1,121,235 shares of the company’s stock valued at $10,798,000 after purchasing an additional 785,471 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Playa Hotels & Resorts by 6.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,201,981 shares of the company’s stock worth $11,575,000 after purchasing an additional 73,061 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Playa Hotels & Resorts by 19.2% during the 3rd quarter. Vanguard Group Inc. now owns 1,010,987 shares of the company’s stock worth $9,737,000 after purchasing an additional 162,539 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Playa Hotels & Resorts by 19.2% during the 3rd quarter. Vanguard Group Inc now owns 1,010,987 shares of the company’s stock worth $9,737,000 after purchasing an additional 162,539 shares in the last quarter. Finally, Hill Winds Capital LP bought a new stake in shares of Playa Hotels & Resorts during the 4th quarter worth approximately $216,000. 70.95% of the stock is currently owned by institutional investors and hedge funds.

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About Playa Hotels & Resorts

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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Earnings History for Playa Hotels & Resorts (NASDAQ:PLYA)

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