Wall Street analysts forecast that Playa Hotels & Resorts NV (NASDAQ:PLYA) will post earnings per share of $0.02 for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Playa Hotels & Resorts’ earnings, with the lowest EPS estimate coming in at ($0.01) and the highest estimate coming in at $0.04. Playa Hotels & Resorts reported earnings of $0.11 per share during the same quarter last year, which indicates a negative year over year growth rate of 81.8%. The firm is scheduled to issue its next quarterly earnings report on Monday, August 5th.

On average, analysts expect that Playa Hotels & Resorts will report full-year earnings of $0.13 per share for the current financial year, with EPS estimates ranging from $0.05 to $0.25. For the next fiscal year, analysts anticipate that the company will report earnings of $0.41 per share, with EPS estimates ranging from $0.39 to $0.44. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Playa Hotels & Resorts.

Playa Hotels & Resorts (NASDAQ:PLYA) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.18 by $0.18. The business had revenue of $195.80 million for the quarter, compared to analyst estimates of $182.60 million. Playa Hotels & Resorts had a return on equity of 5.89% and a net margin of 6.31%. Playa Hotels & Resorts’s quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 EPS.

PLYA has been the subject of a number of recent analyst reports. Deutsche Bank reiterated a “buy” rating and issued a $14.00 price objective on shares of Playa Hotels & Resorts in a report on Monday, March 4th. BidaskClub downgraded Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.00.

PLYA traded down $0.04 during trading on Wednesday, hitting $8.44. The company’s stock had a trading volume of 12,826 shares, compared to its average volume of 356,067. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.33 and a current ratio of 1.52. Playa Hotels & Resorts has a 12 month low of $5.98 and a 12 month high of $11.48. The company has a market cap of $1.11 billion, a price-to-earnings ratio of 26.56 and a beta of 0.62.

Large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Playa Hotels & Resorts by 175.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,330 shares of the company’s stock worth $38,000 after purchasing an additional 3,396 shares during the period. Virtu Financial LLC purchased a new stake in Playa Hotels & Resorts during the fourth quarter worth $75,000. Squarepoint Ops LLC purchased a new stake in Playa Hotels & Resorts during the fourth quarter worth $93,000. Assenagon Asset Management S.A. purchased a new position in Playa Hotels & Resorts during the fourth quarter valued at $141,000. Finally, Two Sigma Advisers LP purchased a new position in Playa Hotels & Resorts during the fourth quarter valued at $145,000. 68.43% of the stock is currently owned by institutional investors.

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.

Featured Article: Calculate Your Return on Investment (ROI)

Get a free copy of the Zacks research report on Playa Hotels & Resorts (PLYA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Playa Hotels & Resorts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Playa Hotels & Resorts and related companies with MarketBeat.com's FREE daily email newsletter.