$137.97 Million in Sales Expected for Playa Hotels & Resorts N.V. (PLYA) This Quarter

Equities research analysts predict that Playa Hotels & Resorts N.V. (NASDAQ:PLYA) will post sales of $137.97 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Playa Hotels & Resorts N.V.’s earnings. The lowest sales estimate is $137.10 million and the highest is $138.84 million. The firm is expected to report its next quarterly earnings report on Monday, August 14th.

On average, analysts expect that Playa Hotels & Resorts N.V. will report full year sales of $137.97 million for the current fiscal year, with estimates ranging from $558.95 million to $560.00 million. For the next year, analysts forecast that the business will report sales of $587.91 million per share, with estimates ranging from $585.82 million to $590.00 million. Zacks’ sales averages are an average based on a survey of analysts that follow Playa Hotels & Resorts N.V..

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) last released its earnings results on Monday, May 8th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by $0.10. The company had revenue of $174.07 million for the quarter, compared to analyst estimates of $196.72 million.

Several research firms have recently commented on PLYA. ValuEngine raised shares of Playa Hotels & Resorts N.V. from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Citigroup Inc. reaffirmed a “neutral” rating and set a $11.50 price target on shares of Playa Hotels & Resorts N.V. in a research note on Monday, May 15th. Deutsche Bank AG started coverage on shares of Playa Hotels & Resorts N.V. in a research note on Monday, April 24th. They set a “buy” rating and a $14.00 price target on the stock. Zacks Investment Research cut shares of Playa Hotels & Resorts N.V. from a “hold” rating to a “sell” rating in a research report on Wednesday, May 17th. Finally, Instinet started coverage on shares of Playa Hotels & Resorts N.V. in a research report on Wednesday, March 22nd. They set a “buy” rating and a $13.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. Playa Hotels & Resorts N.V. presently has an average rating of “Hold” and an average target price of $13.31.

Playa Hotels & Resorts N.V. (PLYA) traded up 0.69% during trading on Friday, reaching $11.68. 236,136 shares of the company traded hands. Playa Hotels & Resorts N.V. has a 12-month low of $9.45 and a 12-month high of $12.27. The firm’s market capitalization is $1.21 billion. The firm’s 50 day moving average price is $10.63 and its 200 day moving average price is $10.42.

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In related news, insider Kevin Froemming purchased 10,000 shares of the business’s stock in a transaction dated Monday, May 15th. The shares were purchased at an average cost of $10.40 per share, for a total transaction of $104,000.00. Following the completion of the acquisition, the insider now owns 10,000 shares in the company, valued at approximately $104,000. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.74% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. K2 Principal Fund L.P. acquired a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $146,000. Silver Capital Management LLC acquired a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $454,000. UBS Oconnor LLC acquired a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $800,000. Ursa Fund Management LLC acquired a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $1,008,000. Finally, Driehaus Capital Management LLC acquired a new stake in Playa Hotels & Resorts N.V. during the first quarter worth $1,173,000. Hedge funds and other institutional investors own 68.80% of the company’s stock.

About Playa Hotels & Resorts N.V.

Playa Hotels & Resorts NV is based in the Netherlands and operates hotels and resorts. The Company owns, operates and develops all-inclusive resorts in beachfront locations in vacation destinations in Mexico and the Caribbean. It owns a portfolio consisting of more than 10 resorts located in Mexico, the Dominican Republic and Jamaica.

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