Streetbeat News

PLYA

Playa Hotels & Resorts N.V.

https://www.playaresorts.com

Industry

Gambling, Resorts & Casinos

Playa Hotels & Resorts N.V., together with its subsidiaries, owns, develops, and operates resorts in prime beachfront locations in Mexico and the Caribbean. As of December 31, 2021, it owned a portfolio of 22 resorts with 8,366 rooms located in Mexico, Jamaica, and the Dominican Republic. The company was founded in 2006 and is headquartered in Fairfax, Virginia.

Open

9.43

Mkt cap

1.2B

Volume

89K

High

9.47

P/E Ratio

18.93

52-wk high

10.13

Low

9.37

Div yield

N/A

52-wk low

6.95

Playa Hotels & Resorts (NASDAQ:PLYA) reported Q2 2024 adjusted EPS of $0.12, beating the $0.10 estimate. Sales were $235.475M, surpassing the $228.602M estimate. However, both EPS and sales decreased compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:39 pm

Deutsche Bank analyst Chris Woronka has maintained a Buy rating on Playa Hotels & Resorts (NASDAQ:PLYA) but lowered the price target from $16 to $14.

Portfolio Pulse from Benzinga Newsdesk

May 09, 2024 | 4:03 pm

Playa Hotels & Resorts (NASDAQ:PLYA) reported Q1 2024 earnings of $0.40 per share, surpassing the $0.30 estimate, a 29.03% increase from last year. Sales reached $300.635M, beating the $280.685M estimate, up 9.80% from the previous year.

Portfolio Pulse from Benzinga Newsdesk

May 06, 2024 | 8:22 pm

Truist Securities analyst Patrick Scholes has maintained a Buy rating on Playa Hotels & Resorts (NASDAQ:PLYA) and increased the price target from $13 to $14.

Portfolio Pulse from Benzinga Newsdesk

February 27, 2024 | 2:00 pm

Playa Hotels & Resorts (NASDAQ:PLYA) reported Q4 earnings with an EPS of $0.04, doubling the estimated $0.02 and showing a revenue increase of $31.72 million from the previous year. Despite missing EPS estimates last quarter, the share price increased by 3.76% the following day. The company's past earnings performance shows variability in meeting EPS estimates but consistent revenue growth.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 9:45 pm

Playa Hotels & Resorts (NASDAQ:PLYA) reported Q4 2023 adjusted EPS of $0.04, surpassing the $0.02 estimate, with sales of $242.52M exceeding the $223.15M forecast. This represents a 69.23% decrease in EPS and a 15.05% increase in sales from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 22, 2024 | 9:42 pm

Earnings reports for various companies are scheduled for February 22, 2024, covering a wide range of industries. These reports include both earnings per share and revenue forecasts, with some companies expected to report losses.

Portfolio Pulse from Benzinga Insights

February 22, 2024 | 10:27 am

Playa Hotels & Resorts (NASDAQ:PLYA) is scheduled to release its quarterly earnings report on February 22, 2024, with an estimated EPS of $0.02. Analysts and investors are keen on whether PLYA will surpass this estimate and provide positive guidance for the next quarter. Historical data shows mixed reactions in stock price to past earnings performances. Shares are currently trading at $8.75, reflecting a 10.05% increase over the last 52 weeks.

Portfolio Pulse from Benzinga Insights

February 21, 2024 | 6:02 pm

Playa Hotels & Resorts has completed the sale of Jewel Punta Cana for $82M in gross consideration, with expected net proceeds of about $70M. Additionally, Playa has secured a long-term hotel management agreement with the new owner. The deal was finalized on December 15, 2023.

Portfolio Pulse from Benzinga Newsdesk

December 18, 2023 | 10:01 pm

Playa Hotels & Resorts N.V. (NASDAQ:PLYA) has announced a new $200 million share repurchase program, replacing the previous $200 million authorization from February 2023, with about $30 million remaining. The repurchases are subject to market and business conditions and may be made in the open market, privately negotiated transactions, or other means, including Rule 10b5-1 trading plans, and may be started or suspended at any time without notice.

Portfolio Pulse from Benzinga Newsdesk

December 11, 2023 | 1:42 pm

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