Sampo (OTCMKTS:SAXPY) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

Key Points

• Sampo reported **$0.32 earnings per share (EPS)** for the quarter, exceeding analysts' estimates of **$0.22** by **$0.10**.
• The company's quarterly revenue reached **$2.77 billion**, significantly higher than the expected **$2.19 billion**.
• Sampo's stock has experienced considerable performance with a **52-week range** of **$15.70 to $23.22**, and it currently has a market capitalization of **$122.94 billion**.

Sampo (OTCMKTS:SAXPY - Get Free Report) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.10, Zacks reports. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $2.19 billion.

Sampo Price Performance

Shares of SAXPY traded down $0.11 during mid-day trading on Tuesday, reaching $22.56. 13,613 shares of the company's stock were exchanged, compared to its average volume of 78,991. The company has a quick ratio of 0.32, a current ratio of 0.32 and a debt-to-equity ratio of 0.42. The company has a 50-day simple moving average of $21.61 and a two-hundred day simple moving average of $20.53. Sampo has a 52-week low of $15.70 and a 52-week high of $23.22. The company has a market cap of $121.43 billion, a price-to-earnings ratio of 22.43 and a beta of 0.57.

Analyst Ratings Changes

Separately, Berenberg Bank raised Sampo to a "strong-buy" rating in a report on Wednesday, July 2nd.

Sampo Company Profile

Sampo Oyj, together with its subsidiaries, engages in the provision of non-life insurance products and services in Finland, Sweden, Norway, Denmark, Estonia, Lithuania, Latvia, and the United Kingdom. The company operates through If, Topdanmark, Hastings, Mandatum, and Holding segments. It offers property, casualty, liability, accident, sickness, household, homeowner, motor, travel, marine, aviation, transport, forest, livestock, health, workers compensation, car, van, and bike insurance services, as well as reinsurance services.