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

Playa Hotels & Resorts (NASDAQ:PLYA) issued its earnings results on Tuesday. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04, Zacks reports. Playa Hotels & Resorts had a net margin of 6.84% and a return on equity of 14.12%. The firm had revenue of $218.94 million for the quarter, compared to analyst estimates of $212.26 million.

Playa Hotels & Resorts Trading Up 0.2 %

Shares of PLYA stock opened at $13.34 on Thursday. The company has a debt-to-equity ratio of 2.16, a quick ratio of 2.14 and a current ratio of 2.24. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 2.44 and a beta of 1.54. Playa Hotels & Resorts has a 52-week low of $6.95 and a 52-week high of $13.38. The company has a 50-day simple moving average of $12.58 and a two-hundred day simple moving average of $9.98.

Wall Street Analyst Weigh In

PLYA has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and cut their price target for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Truist Financial restated a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Oppenheimer downgraded shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Finally, Macquarie downgraded shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research report on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $12.10.

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.