Playa Hotels & Resorts (NASDAQ:PLYA) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Playa Hotels & Resorts (NASDAQ:PLYA) issued its quarterly earnings results on Tuesday. The company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04, Zacks reports. Playa Hotels & Resorts had a return on equity of 14.12% and a net margin of 6.84%.

Playa Hotels & Resorts Stock Performance

Playa Hotels & Resorts stock remained flat at $13.31 during mid-day trading on Tuesday. 5,609,499 shares of the company were exchanged, compared to its average volume of 3,774,378. The firm has a market cap of $1.62 billion, a P/E ratio of 27.73, a P/E/G ratio of 2.44 and a beta of 1.54. The stock has a 50-day moving average of $12.44 and a two-hundred day moving average of $9.91. Playa Hotels & Resorts has a fifty-two week low of $6.95 and a fifty-two week high of $13.38. The company has a quick ratio of 2.14, a current ratio of 2.24 and a debt-to-equity ratio of 2.16.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Truist Financial restated a “hold” rating and set a $13.00 price objective on shares of Playa Hotels & Resorts in a report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft lowered shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the stock from $15.00 to $13.50 in a research note on Tuesday, February 11th. Macquarie downgraded Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Finally, Oppenheimer downgraded 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.com, the company presently has a consensus rating of “Hold” and a consensus price target of $12.10.

Playa Hotels & Resorts Company Profile

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.