Samsonite International (OTCMKTS:SMSEY) reduced to “sell” at Zacks Investment Research

Samsonite International (OTCMKTS: SMSEY – Get a rating) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note published Wednesday, Zacks.com reports.

According to Zacks, “Samsonite International SA is a travel luggage business. It is primarily engaged in the design, manufacture, supply and distribution of luggage, business bags and computers, outdoor and leisure bags, travel accessories and slim protective cases for personal electronics.The Company’s brand portfolio includes Samsonite(R), Tumi(R), American Tourister(R), Speck (R), Gregory(R), High Sierra(R), Kamiliant(R), ebags(R), Lipault(R) and Hartmann(R). Samsonite International SA is based in HONG KONG.”

Shares of OTCMKTS:SMSEY opened at $10.19 on Wednesday. The stock has a market capitalization of $2.93 billion and a price-earnings ratio of 27.54. Samsonite International has a 1-year minimum of $8.08 and a 1-year maximum of $12.12. The company’s fifty-day moving average is $10.50 and its two-hundred-day moving average is $10.46. The company has a debt ratio of 3.69, a quick ratio of 1.73 and a current ratio of 2.11.

Samsonite International (OTCMKTS: SMSEY – Get a rating) last released its quarterly earnings data on Wednesday, March 16. The company reported earnings per share of $0.39 for the quarter. Samsonite International achieved a net margin of 4.62% and a return on equity of 16.92%. The company posted revenue of $664.20 million for the quarter, compared to $669.00 million expected by analysts. Sell-side analysts expect Samsonite International to post EPS of 0.8 for the current fiscal year.

Company Profile Samsonite International (Get a rating)

Samsonite International SA engages in the design, manufacture, supply and distribution of travel bags in North America, Asia, Europe and Latin America. It 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 brands.

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