Playa Hotels & Resorts NV (PLYA) Expected to Announce Quarterly Sales of $124.85 Million

Equities analysts expect Playa Hotels & Resorts NV (NASDAQ:PLYA) to report sales of $124.85 million for the current quarter, Zacks reports. Three analysts have issued estimates for Playa Hotels & Resorts’ earnings, with the lowest sales estimate coming in at $122.00 million and the highest estimate coming in at $127.30 million. Playa Hotels & Resorts reported sales of $120.12 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 3.9%. The business is expected to announce 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 forecast that the business will report sales of $590.01 million per share, with estimates ranging from $584.00 million to $595.20 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Playa Hotels & Resorts.

A number of equities research analysts have issued reports on PLYA shares. Janney Montgomery Scott started coverage on Playa Hotels & Resorts in a research note on Thursday, September 7th. They set a “buy” rating and a $14.00 price target for the company. Zacks Investment Research downgraded Playa Hotels & Resorts from a “hold” rating to a “sell” rating in a research note on Wednesday, September 20th. Finally, Northland Securities restated a “buy” rating and set a $14.75 price target on shares of Playa Hotels & Resorts in a research note on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $13.54.

In other news, Director Daniel J. Hirsch purchased 30,000 shares of the business’s stock in a transaction on Friday, November 10th. The stock was acquired at an average cost of $10.52 per share, for a total transaction of $315,600.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.74% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. Cubist Systematic Strategies LLC lifted its position in shares of Playa Hotels & Resorts by 170.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,851 shares of the company’s stock valued at $197,000 after buying an additional 11,870 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Playa Hotels & Resorts by 11.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 129,020 shares of the company’s stock valued at $1,346,000 after buying an additional 13,500 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Playa Hotels & Resorts during the 3rd quarter valued at about $145,000. Bluefin Trading LLC purchased a new position in shares of Playa Hotels & Resorts during the 2nd quarter valued at about $168,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Playa Hotels & Resorts by 7.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 203,435 shares of the company’s stock valued at $2,431,000 after buying an additional 14,620 shares in the last quarter. 77.43% of the stock is currently owned by hedge funds and other institutional investors.

Playa Hotels & Resorts (NASDAQ:PLYA) traded up $0.07 during midday trading on Thursday, reaching $10.86. The company had a trading volume of 124,689 shares, compared to its average volume of 288,306. The company has a market cap of $1,180.00 and a P/E ratio of -24.13. Playa Hotels & Resorts has a 52 week low of $9.81 and a 52 week high of $12.27. The company has a debt-to-equity ratio of 1.44, a current ratio of 1.59 and a quick ratio of 1.51.

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Playa Hotels & Resorts Company Profile

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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