Equities analysts expect Playa Hotels & Resorts NV (NASDAQ:PLYA) to report sales of $124.85 million for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Playa Hotels & Resorts’ earnings. The highest sales estimate is $127.30 million and the lowest is $122.00 million. Playa Hotels & Resorts posted sales of $120.12 million in the same quarter last year, which suggests a positive year over year growth rate of 3.9%. The business is expected to issue its next quarterly earnings report on Tuesday, March 13th.
According to Zacks, analysts expect that Playa Hotels & Resorts will report full-year sales of $124.85 million for the current fiscal year, with estimates ranging from $544.00 million to $560.30 million. For the next year, analysts expect that the firm will post sales of $590.01 million per share, with estimates ranging from $584.00 million to $595.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Playa Hotels & Resorts.
Several analysts recently issued reports on the company. Nomura reiterated a “buy” rating and set a $16.00 price objective on shares of Playa Hotels & Resorts in a report on Friday, January 19th. BidaskClub lowered Playa Hotels & Resorts from a “sell” rating to a “strong sell” rating in a report on Tuesday, January 23rd. Zacks Investment Research upgraded Playa Hotels & Resorts from a “sell” rating to a “hold” rating in a report on Wednesday, December 13th. Finally, Northland Securities reiterated a “buy” rating and set a $14.75 price objective on shares of Playa Hotels & Resorts in a report on Friday, November 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $13.89.
Shares of Playa Hotels & Resorts (NASDAQ PLYA) traded down $0.01 during trading hours on Friday, hitting $10.01. The company had a trading volume of 155,500 shares, compared to its average volume of 268,982. The company has a quick ratio of 1.51, a current ratio of 1.59 and a debt-to-equity ratio of 1.44. Playa Hotels & Resorts has a twelve month low of $9.41 and a twelve month high of $12.27.
Several large investors have recently made changes to their positions in the stock. Glacier Peak Capital LLC acquired a new position in Playa Hotels & Resorts during the fourth quarter worth $582,000. Raymond James & Associates increased its position in Playa Hotels & Resorts by 4.3% during the fourth quarter. Raymond James & Associates now owns 140,012 shares of the company’s stock worth $1,511,000 after buying an additional 5,726 shares during the last quarter. Goldman Sachs Group Inc. acquired a new position in Playa Hotels & Resorts during the fourth quarter worth $155,000. Deutsche Bank AG increased its position in Playa Hotels & Resorts by 16.6% during the fourth quarter. Deutsche Bank AG now owns 172,340 shares of the company’s stock worth $1,859,000 after buying an additional 24,522 shares during the last quarter. Finally, Armistice Capital LLC increased its position in Playa Hotels & Resorts by 36.6% during the fourth quarter. Armistice Capital LLC now owns 2,224,000 shares of the company’s stock worth $23,997,000 after buying an additional 596,000 shares during the last quarter. Institutional investors and hedge funds own 79.26% of the company’s stock.
About Playa Hotels & Resorts
Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.
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