Playa Hotels & Resorts (NASDAQ:PLYA) Releases Earnings Results, Misses Expectations By $0.04 EPS

Playa Hotels & Resorts (NASDAQ:PLYA - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.37 earnings per share for the quarter, missing analysts' consensus estimates of $0.41 by ($0.04), Zacks reports. The firm had revenue of $267.29 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 11.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.40 EPS.

Playa Hotels & Resorts Trading Up 0.0 %

Shares of NASDAQ PLYA traded up $0.01 on Thursday, reaching $13.44. 356,460 shares of the company traded hands, compared to its average volume of 1,986,258. The company has a 50 day moving average of $13.36 and a 200 day moving average of $11.94. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.45. The stock has a market capitalization of $1.65 billion, a PE ratio of 27.99, a P/E/G ratio of 2.44 and a beta of 0.67.

Wall Street Analyst Weigh In

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