Sampo (OTCMKTS:SAXPY) Releases 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 for the quarter, topping analysts' consensus estimates of $0.22 by $0.10, Zacks reports. The firm had revenue of $2.77 billion for the quarter, compared to analysts' expectations of $2.19 billion.

Sampo Stock Down 1.0%

Shares of OTCMKTS SAXPY traded down $0.24 during mid-day trading on Friday, reaching $22.73. 28,822 shares of the company traded hands, compared to its average volume of 38,818. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.32 and a current ratio of 0.32. The stock has a market cap of $122.34 billion, a PE ratio of 22.59 and a beta of 0.57. The company's fifty day moving average is $21.59 and its two-hundred day moving average is $20.52. Sampo has a fifty-two week low of $15.70 and a fifty-two week high of $23.22.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised Sampo to a "strong-buy" rating in a research note 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.