Scor (OTCMKTS:SCRYY) Releases Quarterly Earnings Results, Beats Estimates By $0.04 EPS

Scor (OTCMKTS:SCRYY - Get Free Report) issued its earnings results on Wednesday, May 7th. The financial services provider reported $0.11 EPS for the quarter, topping analysts' consensus estimates of $0.07 by $0.04, Zacks reports. The business had revenue of $5.58 billion for the quarter, compared to analyst estimates of $4.69 billion. Scor had a negative net margin of 0.42% and a negative return on equity of 1.46%.

Scor Stock Performance

Shares of OTCMKTS:SCRYY remained flat at $2.96 during trading on Wednesday. The stock had a trading volume of 248 shares, compared to its average volume of 44,911. The company has a market cap of $5.32 billion, a PE ratio of -74.00 and a beta of 0.75. Scor has a 12-month low of $1.82 and a 12-month high of $3.47. The stock has a fifty day moving average of $2.88 and a two-hundred day moving average of $2.63.

Scor Cuts Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Friday, May 2nd will be paid a $0.1375 dividend. This represents a dividend yield of 4.32%. The ex-dividend date is Thursday, May 1st. Scor's dividend payout ratio is currently -300.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on SCRYY shares. Royal Bank of Canada reiterated an "outperform" rating on shares of Scor in a report on Thursday, March 6th. Barclays raised shares of Scor to a "hold" rating in a research report on Tuesday, January 28th. UBS Group cut shares of Scor from a "strong-buy" rating to a "hold" rating in a research report on Monday, March 31st. Finally, The Goldman Sachs Group raised shares of Scor to a "strong-buy" rating in a report on Monday, March 24th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus 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.