Playa Hotels & Resorts (NASDAQ:PLYA) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) issued its earnings results on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.34 by $0.06, Briefing.com reports. Playa Hotels & Resorts had a net margin of 5.51% and a return on equity of 10.67%. The business had revenue of $300.64 million for the quarter, compared to analyst estimates of $273.77 million. During the same quarter in the prior year, the business posted $0.31 EPS. The company's revenue for the quarter was up 9.8% on a year-over-year basis.

Playa Hotels & Resorts Stock Performance

PLYA traded down $0.19 on Tuesday, hitting $9.24. 1,036,013 shares of the company's stock were exchanged, compared to its average volume of 614,016. The company has a current ratio of 2.00, a quick ratio of 1.91 and a debt-to-equity ratio of 1.91. The stock has a fifty day moving average of $9.38 and a two-hundred day moving average of $8.51. Playa Hotels & Resorts has a twelve month low of $6.88 and a twelve month high of $9.85. The firm has a market cap of $1.28 billion, a PE ratio of 27.18, a P/E/G ratio of 6.89 and a beta of 1.54.

Wall Street Analysts Forecast Growth

Separately, Truist Financial lifted their target price on Playa Hotels & Resorts from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Tuesday, February 27th.

Insider Buying and Selling at Playa Hotels & Resorts

In other news, CAO Brandon B. Buhler sold 35,915 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.04, for a total transaction of $324,671.60. Following the sale, the chief accounting officer now directly owns 102,598 shares in the company, valued at approximately $927,485.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Brandon B. Buhler sold 35,915 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total transaction of $324,671.60. Following the completion of the transaction, the chief accounting officer now owns 102,598 shares in the company, valued at $927,485.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Karl Mr. Peterson sold 5,000 shares of the stock in a transaction dated Tuesday, April 9th. The stock was sold at an average price of $9.58, for a total transaction of $47,900.00. Following the completion of the sale, the director now directly owns 2,529,033 shares in the company, valued at approximately $24,228,136.14. The disclosure for this sale can be found here. Insiders sold a total of 65,915 shares of company stock worth $604,222 over the last ninety days. Company insiders own 7.60% of the company's stock.

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.