Samsonite Group (OTCMKTS:SMSEY) Sees Strong Trading Volume - Time to Buy?

Key Points

• Samsonite Group's shares experienced a 779% increase in trading volume, with approximately 230,753 shares trading hands compared to the previous session's 26,263 shares.
• The company reported $0.19 EPS with a revenue of $796.60 million, slightly below the consensus estimate of $799 million, while analysts project an earnings per share of 1.15 for the current fiscal year.
• Samsonite recently cut its dividend payout to $0.3865 per share, resulting in a notable dividend yield of 416.0%.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares saw unusually-high trading volume on Wednesday . Approximately 230,753 shares traded hands during mid-day trading, an increase of 779% from the previous session's volume of 26,263 shares.The stock last traded at $10.55 and had previously closed at $10.34.

Samsonite Group Trading Down 0.4%

The company's fifty day simple moving average is $9.63 and its 200-day simple moving average is $10.93. 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 firm has a market capitalization of $2.85 billion, a PE ratio of 9.63 and a beta of 0.70.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.19 EPS for the quarter. The company had revenue of $796.60 million for the quarter, compared to the consensus estimate of $799.00 million. Samsonite Group had a net margin of 8.67% and a return on equity of 21.65%. As a group, sell-side analysts expect 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 was paid on Wednesday, July 30th. Shareholders of record on Monday, June 9th were given a $0.3865 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a dividend yield of 416.0%. Samsonite Group's dividend payout ratio is currently 36.45%.

About Samsonite Group

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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