Scor (OTCMKTS:SCRYY) Posts Quarterly Earnings Results

Scor (OTCMKTS:SCRYY) issued its earnings results on Thursday. The financial services provider reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.02, Zacks reports. Scor had a return on equity of 20.83% and a net margin of 5.79%.The firm had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.25 billion.

Scor Stock Up 1.6%

SCRYY stock opened at $3.98 on Friday. The stock has a 50-day simple moving average of $3.71 and a two-hundred day simple moving average of $3.59. Scor has a twelve month low of $2.95 and a twelve month high of $4.10. The firm has a market capitalization of $7.14 billion, a PE ratio of 6.98 and a beta of 0.59.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SCRYY. BNP Paribas Exane cut Scor from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 17th. Morgan Stanley reiterated an “overweight” rating on shares of Scor in a research report on Thursday, May 7th. Finally, Citigroup reissued a “buy” rating on shares of Scor in a research report on Thursday, May 7th. Three equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Scor presently has a consensus rating of “Moderate Buy”.

Scor Company Profile

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.