Playa Hotels & Resorts (NASDAQ:PLYA) Announces Earnings Results

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) announced its earnings results on Monday. The company reported $0.37 EPS for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04), Zacks reports. The firm had revenue of $267.29 million for the quarter, compared to analyst estimates of $262.24 million. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. Playa Hotels & Resorts's revenue was down 11.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.40 EPS.

Playa Hotels & Resorts Trading Up 0.1 %

Playa Hotels & Resorts stock traded up $0.01 during trading on Friday, hitting $13.44. The company had a trading volume of 255,383 shares, compared to its average volume of 1,993,397. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. The company's 50 day simple moving average is $13.36 and its 200-day simple moving average is $12.03. Playa Hotels & Resorts has a 1-year low of $6.95 and a 1-year high of $13.45. The stock has a market cap of $1.65 billion, a price-to-earnings ratio of 28.00, a price-to-earnings-growth ratio of 2.44 and a beta of 0.67.

Analysts Set New Price Targets

Several research firms recently commented on PLYA. Macquarie reissued a "neutral" rating and issued a $13.50 price objective on shares of Playa Hotels & Resorts in a research note on Tuesday. Oppenheimer cut shares of Playa Hotels & Resorts from an "outperform" rating to a "market perform" rating in a research report on Tuesday, February 11th. Finally, Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a "buy" rating to a "hold" rating and lowered their price target for the stock from $15.00 to $13.50 in a research report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $12.00.

About Playa Hotels & Resorts

Playa Hotels & Resorts NV engages in the operation of hotels and resorts. The firm's geographical segments include Yucatán Peninsula, Pacific Coast, Dominican Republic, and Jamaica. It owns all-inclusive oceanfront resorts in Cancun, Los Cabos, Montego Bay, Puerto Vallarta, Playa del Carmen, and Cap Cana.