Samsonite Group (OTCMKTS:SMSEY) Issues Earnings Results

Samsonite Group (OTCMKTS:SMSEY) issued its quarterly earnings results on Thursday. The company reported $0.38 earnings per share (EPS) for the quarter, Zacks reports. Samsonite Group had a net margin of 8.68% and a return on equity of 19.92%. The firm had revenue of $963.30 million for the quarter.

Samsonite Group Stock Down 10.0%

Shares of Samsonite Group stock traded down $1.08 during trading hours on Friday, reaching $9.72. 1,233 shares of the company’s stock were exchanged, compared to its average volume of 15,818. The stock has a market cap of $2.70 billion, a P/E ratio of 9.00 and a beta of 0.67. The company has a 50 day moving average of $12.34 and a two-hundred day moving average of $11.82. The company has a current ratio of 1.13, a quick ratio of 0.70 and a debt-to-equity ratio of 0.87. Samsonite Group has a fifty-two week low of $8.32 and a fifty-two week high of $14.10.

About Samsonite Group

Samsonite Group (OTCMKTS: SMSEY) is a leading global designer and manufacturer of luggage, travel bags and accessories. The company’s product portfolio spans hard‐side and soft‐side suitcases, business cases, backpacks, travel accessories and outdoor gear. With a broad range of innovative materials and features such as lightweight polycarbonate shells, integrated locks and expansion capabilities, Samsonite serves both leisure and corporate travelers seeking durability, functionality and style.

Headquartered in Luxembourg, Samsonite distributes its products through a diversified network of over 1,000 direct‐to‐consumer retail outlets, e-commerce platforms and wholesale partnerships.