Sampo (SAXPY) to Release Quarterly Earnings on Wednesday

Key Points

• Sampo (OTCMKTS:SAXPY) is set to release its quarterly earnings on Wednesday, August 6th, with expectations of $0.22 earnings per share and $2.19 billion in revenue.
• In the previous quarter, Sampo reported $0.23 EPS, exceeding analysts' estimates, along with revenues of $2.33 billion.
• Berenberg Bank recently upgraded Sampo to a "strong-buy" rating, indicating positive sentiment from analysts.

Sampo (OTCMKTS:SAXPY - Get Free Report) is projected to issue its quarterly earnings data before the market opens on Wednesday, August 6th. Analysts expect the company to announce earnings of $0.22 per share and revenue of $2.19 billion for the quarter.

Sampo (OTCMKTS:SAXPY - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $0.23 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.05. The firm had revenue of $2.33 billion for the quarter, compared to analysts' expectations of $2.16 billion.

Sampo Trading Up 0.8%

SAXPY stock traded up $0.18 during mid-day trading on Friday, reaching $21.66. 46,607 shares of the stock traded hands, compared to its average volume of 38,346. The company has a current ratio of 0.32, a quick ratio of 0.32 and a debt-to-equity ratio of 0.42. Sampo has a 52-week low of $15.70 and a 52-week high of $22.61. The company has a market cap of $116.58 billion, a P/E ratio of 23.80 and a beta of 0.57. The stock's fifty day moving average is $21.47 and its 200-day moving average is $20.45.

Wall Street Analyst Weigh In

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

About Sampo

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.