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

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

Playa Hotels & Resorts (NASDAQ:PLYA) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.02. The firm had revenue of $235.48 million during the quarter, compared to the consensus estimate of $228.95 million. Playa Hotels & Resorts had a net margin of 5.85% and a return on equity of 11.79%. The business’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. 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 Up 0.1 %

Shares of PLYA opened at $8.73 on Wednesday. The company has a debt-to-equity ratio of 1.93, a quick ratio of 2.13 and a current ratio of 2.23. The company has a 50-day simple moving average of $7.98 and a 200-day simple moving average of $8.27. Playa Hotels & Resorts has a 52 week low of $6.91 and a 52 week high of $9.85. The firm has a market capitalization of $1.16 billion, a P/E ratio of 20.30, a P/E/G ratio of 1.78 and a beta of 1.62.

Wall Street Analysts Forecast Growth

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