Samsonite Group (OTCMKTS:SMSEY) Sees Strong Trading Volume - Should You Buy?

Key Points

• Samsonite Group experienced a 13% increase in trading volume, with 17,136 shares traded during mid-day on Friday compared to 15,158 shares the previous session.
• The company's latest earnings report revealed an EPS of $0.19 and revenue of $796.60 million, slightly below analyst expectations of $799 million.
• Samsonite Group announced a dividend of $0.3865 per share, set to be paid on July 30, with a dividend yield of 4.16% and a payout ratio of 36.45%.
• The firm's market capitalization stands at $2.87 billion, with a current ratio of 1.60 and a debt-to-equity ratio of 1.09.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 17,136 shares traded hands during trading, an increase of 13% from the previous session's volume of 15,158 shares.The stock last traded at $10.40 and had previously closed at $10.54.

Samsonite Group Stock Up 1.8%

The firm has a 50-day moving average of $9.48 and a 200 day moving average of $11.06. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.60 and a quick ratio of 1.00. The stock has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.76 and a beta of 0.69.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.19 earnings per share (EPS) for the quarter. The company had revenue of $796.60 million during the quarter, compared to analysts' expectations of $799.00 million. Samsonite Group had a return on equity of 21.65% and a net margin of 8.67%. As a group, sell-side analysts forecast that Samsonite Group S.A. will post 1.15 earnings per share for the current fiscal year.

Samsonite Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, July 30th. Investors of record on Monday, June 9th will be given a dividend of $0.3865 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a yield of 4.16%. Samsonite Group's dividend payout ratio is currently 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.