Scor (OTCMKTS:SCRYY) Posts Earnings Results, Beats Expectations By $0.04 EPS

Scor (OTCMKTS:SCRYY - Get Free Report) released its earnings results on Wednesday. The financial services provider reported $0.11 EPS for the quarter, topping the consensus estimate of $0.07 by $0.04, Zacks reports. Scor had a negative net margin of 0.42% and a negative return on equity of 1.46%. The firm had revenue of $5.58 billion during the quarter, compared to analysts' expectations of $4.69 billion.

Scor Trading Up 4.0%

OTCMKTS:SCRYY traded up $0.12 on Friday, hitting $3.15. 7,172 shares of the stock were exchanged, compared to its average volume of 45,409. The stock has a fifty day moving average of $2.88 and a 200-day moving average of $2.62. The stock has a market cap of $5.66 billion, a PE ratio of -78.75 and a beta of 0.75. Scor has a fifty-two week low of $1.82 and a fifty-two week high of $3.48.

Scor Cuts Dividend

The company also recently declared a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Friday, May 2nd will be given a dividend of $0.1375 per share. This represents a yield of 4.32%. The ex-dividend date is Thursday, May 1st. Scor's dividend payout ratio (DPR) is presently -300.00%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on SCRYY. The Goldman Sachs Group raised Scor to a "strong-buy" rating in a research report on Monday, March 24th. Royal Bank of Canada restated an "outperform" rating on shares of Scor in a report on Thursday, March 6th. UBS Group downgraded shares of Scor from a "strong-buy" rating to a "hold" rating in a research note on Monday, March 31st. Finally, Barclays raised shares of Scor to a "hold" rating in a research report on Tuesday, January 28th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy".

Scor Company Profile

SCOR SE, together with its subsidiaries, provides life and non-life reinsurance products in Europe, the Middle East, Africa, the Americas, Latin America, and Asia Pacific. It operates in two segments, SCOR P&C and SCOR L&H. The SCOR P&C segment offers reinsurance products in the areas of property, motors, casualty treaties, credit and surety, decennial insurance, aviation, marine and energy, engineering, agricultural risks, and property catastrophes; specialties insurance products, including business solutions, political and credit risks, cyber, and environmental liability; and business ventures and partnerships.