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

Playa Hotels & Resorts (NASDAQ:PLYA) announced its quarterly earnings data on Tuesday. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate 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%.

Playa Hotels & Resorts Price Performance

PLYA remained flat at $13.31 during mid-day trading on Tuesday. 5,609,499 shares of the company’s stock traded hands, compared to its average volume of 3,774,378. The business’s fifty day simple moving average is $12.44 and its two-hundred day simple moving average is $9.91. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.24 and a quick ratio of 2.14. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 27.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.54. Playa Hotels & Resorts has a 12 month low of $6.95 and a 12 month high of $13.38.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on PLYA. Macquarie lowered shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a report on Monday, February 10th. Truist Financial reiterated a “hold” rating and issued a $13.00 target price 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 cut their target price for the stock from $15.00 to $13.50 in a report on Tuesday, February 11th. Finally, Oppenheimer lowered shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a report on Tuesday, February 11th. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently 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.