Samsonite Group (OTCMKTS:SMSEY) Shares Gap Up - What's Next?

Key Points

• Samsonite Group's share price experienced a gap up, opening at $11.07 after a previous close of $10.70, although it last traded at $10.65 with a trading volume of 127,706 shares.
• The company recently reported quarterly earnings with an EPS of $0.25 and revenue of $865 million, slightly exceeding analyst expectations.
• Samsonite Group announced a dividend of $0.3865, yielding **416.0%**, but has a payout ratio of **37.50%**.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $10.70, but opened at $11.07. Samsonite Group shares last traded at $10.65, with a volume of 127,706 shares trading hands.

Wall Street Analyst Weigh In

Separately, Zacks Research raised Samsonite Group from a "strong sell" rating to a "hold" rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, Samsonite Group has an average rating of "Buy".

Samsonite Group Stock Down 0.2%

The business has a fifty day moving average price of $10.17 and a two-hundred day moving average price of $10.49. 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 $3.02 billion, a price-to-earnings ratio of 10.49 and a beta of 0.70.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last issued its earnings results on Wednesday, August 13th. The company reported $0.25 EPS for the quarter. Samsonite Group had a return on equity of 20.66% and a net margin of 8.46%.The firm had revenue of $865.00 million for the quarter, compared to the consensus estimate of $863.00 million. On average, equities analysts expect that Samsonite Group S.A. will post 1.15 earnings per share for the current year.

Samsonite Group Cuts Dividend

The business also recently announced a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 9th were paid a $0.3865 dividend. The ex-dividend date was Friday, June 6th. This represents a dividend yield of 416.0%. Samsonite Group's dividend payout ratio is presently 37.50%.

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.