Playa Hotels & Resorts (PLYA) to Release Earnings on Wednesday

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) 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. Individual interested in listening to the company's earnings conference call can do so using this link.

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.02. The company had revenue of $235.48 million during the quarter, compared to the consensus estimate of $228.95 million. Playa Hotels & Resorts had a return on equity of 11.79% and a net margin of 5.85%. Playa Hotels & Resorts's revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $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 Trading Up 1.0 %

PLYA traded up $0.09 during trading on Wednesday, hitting $8.82. The company's stock had a trading volume of 994,931 shares, compared to its average volume of 720,257. The firm's 50 day moving average price is $7.98 and its 200-day moving average price is $8.27. The company has a debt-to-equity ratio of 1.93, a current ratio of 2.23 and a quick ratio of 2.13. The stock has a market cap of $1.17 billion, a PE ratio of 20.51, a PEG ratio of 1.78 and a beta of 1.62. Playa Hotels & Resorts has a twelve month low of $6.91 and a twelve month high of $9.85.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on PLYA. Macquarie reiterated an "outperform" rating and issued a $14.00 price target on shares of Playa Hotels & Resorts in a report on Wednesday, August 7th. Truist Financial dropped their price objective on Playa Hotels & Resorts from $12.00 to $10.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Oppenheimer dropped 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, August 8th. Deutsche Bank Aktiengesellschaft lowered their price target on Playa Hotels & Resorts from $14.00 to $13.00 and set a "buy" rating for the company in a report on Thursday, August 8th. Finally, Citigroup reiterated a "neutral" rating and issued a $8.00 price target (down from $12.00) on shares of Playa Hotels & Resorts in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.