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

Playa Hotels & Resorts (NASDAQ:PLYA) announced its quarterly earnings data on Monday. The company reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.06, Briefing.com reports. The firm had revenue of $300.64 million during the quarter, compared to the consensus estimate of $273.77 million. Playa Hotels & Resorts had a return on equity of 10.67% and a net margin of 5.51%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.31 EPS.

Playa Hotels & Resorts Stock Down 1.7 %

Shares of PLYA stock traded down $0.15 on Thursday, hitting $8.77. 163,558 shares of the stock were exchanged, compared to its average volume of 608,345. 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 firm has a market capitalization of $1.22 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 6.89 and a beta of 1.54. The business has a 50-day moving average of $9.37 and a 200 day moving average of $8.52. Playa Hotels & Resorts has a fifty-two week low of $6.88 and a fifty-two week high of $9.85.

Analyst Ratings Changes

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

Insider Activity at Playa Hotels & Resorts

In related news, Director Karl Mr. Peterson sold 20,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The stock was sold at an average price of $9.22, for a total transaction of $184,400.00. Following the completion of the transaction, the director now directly owns 2,539,033 shares of the company’s stock, valued at $23,409,884.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Brandon B. Buhler sold 35,915 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.04, for a total value of $324,671.60. Following the completion of the transaction, the chief accounting officer now owns 102,598 shares in the company, valued at approximately $927,485.92. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Karl Mr. Peterson sold 20,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $9.22, for a total transaction of $184,400.00. Following the completion of the transaction, the director now owns 2,539,033 shares of the company’s stock, valued at approximately $23,409,884.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 65,915 shares of company stock valued at $604,222. Insiders own 7.60% of the company’s stock.

Playa Hotels & Resorts Company Profile

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.