Samsonite Group (OTCMKTS:SMSEY) Stock Price Up 0.7% - Here's What Happened

Key Points

• Samsonite Group's stock price rose by 0.7%, closing at $10.34, with trading volume significantly increasing by 211% compared to the average session.
• The company reported earnings of $0.19 per share for the last quarter, with revenues slightly below analyst expectations at $796.60 million.
• Samsonite recently announced a dividend of $0.3865 per share, with a striking yield of 416.0% despite cutting the dividend payout ratio to 36.45%.

Samsonite Group S.A. (OTCMKTS:SMSEY - Get Free Report) shares traded up 0.7% during mid-day trading on Tuesday . The stock traded as high as $10.34 and last traded at $10.34. 221,160 shares traded hands during mid-day trading, an increase of 211% from the average session volume of 71,111 shares. The stock had previously closed at $10.27.

Samsonite Group Stock Performance

The firm has a market cap of $2.86 billion, a PE ratio of 9.66 and a beta of 0.70. The company has a 50 day simple moving average of $9.63 and a 200-day simple moving average of $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.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last issued its earnings results on Tuesday, May 13th. The company reported $0.19 earnings per share (EPS) for the quarter. The business had revenue of $796.60 million during the quarter, compared to analyst estimates of $799.00 million. Samsonite Group had a return on equity of 21.65% and a net margin of 8.67%. As a group, equities research analysts anticipate that Samsonite Group S.A. will post 1.15 EPS for the current year.

Samsonite Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 30th. Stockholders of record on Monday, June 9th were paid a dividend of $0.3865 per share. This represents a dividend yield of 416.0%. The ex-dividend date of this dividend was Friday, June 6th. Samsonite Group's dividend payout ratio is 36.45%.

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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