Samsonite Group (OTCMKTS:SMSEY) Releases Quarterly Earnings Results

Key Points

• Samsonite Group reported earnings of $0.25 per share for the quarter, with a net margin of 8.67% and return on equity of 21.65%.
• The company declared a dividend of $0.3865, representing a high dividend yield of 416.0%, with a payout ratio of 35.51%.
• Shares of Samsonite Group traded up to $10.45, with a market capitalization of $2.89 billion and a price-to-earnings ratio of 9.77.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $0.25 earnings per share for the quarter, Zacks reports. Samsonite Group had a net margin of 8.67% and a return on equity of 21.65%.

Samsonite Group Price Performance

Shares of SMSEY traded up $0.25 during mid-day trading on Wednesday, reaching $10.45. The company had a trading volume of 76,437 shares, compared to its average volume of 32,128. The company's 50 day simple moving average is $9.73 and its 200 day simple moving average is $10.79. Samsonite Group has a 1-year low of $8.32 and a 1-year high of $15.16. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.00 and a current ratio of 1.60. The company has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.77 and a beta of 0.70.

Samsonite Group Cuts Dividend

The business also recently declared a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 9th were paid a $0.3865 dividend. This represents a dividend yield of 416.0%. The ex-dividend date was Friday, June 6th. Samsonite Group's dividend payout ratio (DPR) is presently 35.51%.

Samsonite Group Company Profile

Samsonite International SA engages in the design, manufacture, sourcing, and distribution of travel luggage bags in North America, Asia, Europe, and Latin America. The company offers luggage, business, computer, outdoor, casual, and women's bags; and travel accessories and slim protective cases for personal electronic devices primarily under the Samsonite, Tumi, American Tourister, Speck, High Sierra, Gregory, Lipault, Kamiliant, Hartmann, and eBags brands, as well as other owned and licensed brand names.

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