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

Playa Hotels & Resorts (NASDAQ:PLYA) released its quarterly earnings data 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 net margin of 6.84% and a return on equity of 14.12%.

Playa Hotels & Resorts Price Performance

NASDAQ PLYA remained flat at $13.31 on Tuesday. 5,609,499 shares of the company’s stock were exchanged, compared to its average volume of 3,774,378. The firm has a market cap of $1.62 billion, a PE ratio of 27.73, a PEG ratio of 2.44 and a beta of 1.54. Playa Hotels & Resorts has a twelve month low of $6.95 and a twelve month high of $13.38. The stock has a 50 day moving average price of $12.44 and a 200-day moving average price of $9.91. The company has a current ratio of 2.24, a quick ratio of 2.14 and a debt-to-equity ratio of 2.16.

Wall Street Analyst Weigh In

PLYA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft cut shares of Playa Hotels & Resorts from a “buy” rating to a “hold” rating and lowered their target price 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 report on Monday, February 10th. Oppenheimer cut shares of Playa Hotels & Resorts from an “outperform” rating to a “market perform” rating in a research note on Tuesday, February 11th. Finally, 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. Five research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.