Services Mover with Negative Momentum: Playa Hotels & Resorts N.V. (NASDAQ: PLYA)

On Friday, Playa Hotels & Resorts N.V. (NASDAQ: PLYA) oscillated between $10.26 and $10.41 before concluding trading period lower -0.29% at $10.34 . The stock recorded total trading quantity of 131,305 shares as compared to its average volume of 253,038 shares. The share price fluctuated between $9.41 to $11.80 during the 52-week trading period. The firm has a total market worth of $253.04k and $1.349B shares remain outstanding.

Playa Hotels & Resorts N.V. (NASDAQ: PLYA) reported results of operations for the three and six months ended June 30, 2018.

Three Months Ended June 30, 2018 Results

Net Income was $16.8M contrast to a Net Loss of $10.5M in 2017

Adjusted Net Income(1) was $13.4M contrast to Adjusted Net Income of $3.6M in 2017

Net Package RevPAR reduced 1.8% over 2017 to $203.23, driven by a decrease in Net Package ADR of 4.1% and partially offset by Occupancy growth of 190 basis points

Owned Resort EBITDA increased 1.9% over 2017 to $50.0M

Owned Resort EBITDA Margin reduced 0.5% over 2017 to 35.2%

Adjusted EBITDA increased 0.7% over 2017 to $41.3M

Six Months Ended June 30, 2018 Results

Net Income was $38.6M contrast to $17.1M in 2017

Adjusted Net Income(1) was $48.5M contrast to $37.2M in 2017

Net Package RevPAR reduced 0.7% over the comparable 2017 period to $237.08, driven by a decrease in Net Package ADR of 1.8% and partially offset by Occupancy growth of 90 basis points

Owned Resort EBITDA increased 0.9% over the comparable 2017 period to $132.5M

Owned Resort EBITDA Margin reduced 0.5% over the comparable 2017 period to 42.1%

Adjusted EBITDA increased 0.3% over the comparable 2017 period to $115.9M

Playa Hotels & Resorts N.V.’s (PLYA) stock price showed strong performance of 1.57% in last seven days, switched down -2.08% in last thirty days and it fell -9.38% in last one year.

It has 111.33 million of outstanding shares and its shares float measured at 74.08.

Balance Sheet

As of June 30, 2018, the Company held $145.9M in cash and cash equivalents. Total interest-bearing debt was

$1.0B, comprised fully of Term Loan B secured debt due 2024. As of June 30, 2018, there were no amounts outstanding on the Company’s $100.0M Revolving Credit Facility.

We have spent $88.9M thus far on the development of our 750-room Hyatt Ziva and Zilara in Cap Cana, Dominican Republic, including purchasing the land. Adjusted net debt not including cash and the spending on Hyatt Ziva and Zilara in Cap Cana is $766.8M.

 

Andrew Carr

Andrew Carr covers the Business news across the all us market sectors for Streetobserver.com. He has over 5 years experience writing financial and business news. He is a graduate of the University of Florida graduating with an MBA. He focuses on adding value to investors' portfolios via thoroughly checked proprietary information and data sources. He has a very strong interest in stock trading, and other various investments. He currently lives in Fort Myers, FL with his wife Heidi.

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