Samsonite Group (OTCMKTS:SMSEY) Rating Increased to Hold at Zacks Research

Key Points

• Zacks Research upgraded Samsonite Group from a "strong sell" to a "hold" rating, indicating a more favorable outlook for the company's stock.
• Samsonite Group's recent quarterly earnings showed a profit of $0.25 per share, surpassing analysts' expectations for revenue.
• The company's market capitalization is approximately $3.03 billion, with a PE ratio of 10.51, suggesting it may be undervalued compared to its earnings potential.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating in a research report issued on Wednesday, August 27th,Zacks.com reports.

Samsonite Group Price Performance

Shares of OTCMKTS SMSEY traded up $0.15 during mid-day trading on Wednesday, hitting $11.11. 34,019 shares of the stock traded hands, compared to its average volume of 40,146. 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 has a twelve month low of $8.32 and a twelve month high of $15.16. The company has a market cap of $3.08 billion, a PE ratio of 10.68 and a beta of 0.70. The firm has a 50 day simple moving average of $10.26 and a two-hundred day simple moving average of $10.41.

Samsonite Group (OTCMKTS:SMSEY - Get Free Report) last released its quarterly earnings data on Wednesday, August 13th. The company reported $0.25 earnings per share for the quarter. The company had revenue of $865.00 million for the quarter, compared to the consensus estimate of $863.00 million. Samsonite Group had a return on equity of 20.66% and a net margin of 8.46%. As a group, equities research analysts forecast that Samsonite Group will post 1.15 EPS for the current fiscal year.

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.