Playa Hotels & Resorts (NASDAQ:PLYA) Issues Earnings Results, Beats Expectations By $0.04 EPS

Playa Hotels & Resorts (NASDAQ:PLYA) posted 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%.

Playa Hotels & Resorts Stock Performance

Shares of PLYA remained flat at $13.31 during mid-day trading on Tuesday. 5,609,499 shares of the stock traded hands, compared to its average volume of 3,774,378. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.38. 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 business has a 50 day simple moving average of $12.44 and a 200-day simple moving average of $9.91. The stock has a market capitalization of $1.62 billion, a PE ratio of 27.73, a price-to-earnings-growth ratio of 2.44 and a beta of 1.54.

Analysts Set New Price Targets

A number of research firms recently weighed in on PLYA. Truist Financial reissued a “hold” rating and issued a $13.00 target price on shares of Playa Hotels & Resorts in a research note on Tuesday, January 7th. Oppenheimer cut shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and decreased their price target for the company from $15.00 to $13.50 in a research note on Tuesday, February 11th. Finally, Macquarie cut shares of Playa Hotels & Resorts from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 10th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price 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.