Stock Monitor: Vail Resorts Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 18, 2017 / Active-Investors free earnings report on Playa Hotels & Resorts N.V. (NASDAQ: PLYA) ("Playa Hotels") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=PLYA. The Company released financial results for the third quarter fiscal 2017 (Q3 FY17) on November 06, 2017. The Fairfax, Virginia-based Company total revenue grew on a year-over-year basis, which came in above market forecasts. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Vail Resorts, Inc. (NYSE: MTN), which also belongs to the Services sector as the Company Playa Hotels & Resorts. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Playa Hotels & Resorts N.V. most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=PLYA

Earnings Highlights and Summary

Playa Hotels reported total revenue of $118.34 million in Q3 FY17 compared to $114.11 million recorded in Q3 FY16. Total revenue number for the reported quarter also topped market consensus estimates of $109 million. During the reported quarter, Package revenues grew to $102.09 million from $99.80 million in the year ago same quarter. Non-package revenues also increased to $16.25 million in Q3 FY17 from $14.32 million in Q3 FY16. Furthermore, the Company posted total net revenues of $114.80 million, which was 3.3% higher than the $111.17 million reported in the last year's comparable quarter.

The developer and operator of all-inclusive resorts reported net loss available to ordinary shareholders of $5.67 million, or $0.05 loss per diluted share, in Q3 FY17, which was narrower than net loss available to ordinary shareholders of $13.03 million, or $0.26 loss per diluted share, in the previous year's corresponding quarter. Meanwhile, Wall Street had expected the Company to report net loss of $0.07 per diluted share.

Operating Metrics

In Q3 FY17, the Company's selling, general, and administrative (SG&A) expenses were $23.01 million compared to $22.03 million in the last year's same quarter. Direct expenses increased to $75.65 million in Q3 FY17 from $68.00 million in Q3 FY16. The Company posted operating income of $5.88 million for the quarter ended September 30, 2017, compared to $11.24 million in the year-ago corresponding quarter.

The Company reported total net package revenue per available room (RevPAR) of $174.97 million in Q3 FY17, which came in 2% above $171.52 million in Q3 FY16. Net Package ADR was $222.80 in Q3 FY17, rising 6.0% from $210.26 in the prior year's same quarter. In Q3 FY17, resort earnings before interest, tax, depreciation, and amortization (EBITDA) came in at $31.86 million, or 27.8% of total revenues, compared to $33.89 million, or 30.5% of total revenues, in the year-ago same period. Moreover, adjusted EBITDA stood at $24.32 million, or 21.2% of total revenues, in Q3 FY17 compared to $26.00 million, or 23.0% of total revenues, in the last year's corresponding quarter.

Balance Sheet

Playa Hotels' net cash provided by operating activities during the first three-quarters of FY17 was $65.22 million compared to $48.90 million in the last year comparable quarter. The Company had cash and cash equivalents worth $137.83 million at the close of its books on September 30, 2017, compared to $33.51 million as on December 31, 2016. The Company had reported debt of $878.00 million as on September 30, 2017, compared to debt of $780.73 million as on December 31, 2016.

Outlook

In its third quarter FY17 earnings release, the Company revised its full-year FY17 adjusted EBITDA guidance range to $168.0 million - $170.0 million.

Stock Performance Snapshot

December 15, 2017 - At Friday's closing bell, Playa Hotels' stock climbed 2.17%, ending the trading session at $10.82.

Volume traded for the day: 477.86 thousand shares, which was above the 3-month average volume of 268.35 thousand shares.

Stock performance in the last three-month period ? up 2.17%; and year-to-date ? up 1.60%

After last Friday's close, Playa Hotels' market cap was at $1.19 billion.

Price to Earnings (P/E) ratio was at 48.30.

The stock is part of the Services sector, categorized under the Resorts & Casinos industry. This sector was up 0.7% at the end of the session.

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