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

Sampo (OTCMKTS:SAXPY) announced its quarterly earnings data 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 business had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.27 billion.

Sampo Stock Performance

Sampo stock opened at $22.75 on Friday. The company has a 50 day moving average price of $22.68 and a 200-day moving average price of $21.91. The company has a market capitalization of $122.45 billion, a PE ratio of 22.61 and a beta of 0.52. Sampo has a fifty-two week low of $15.70 and a fifty-two week high of $23.52. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.30 and a current ratio of 0.30.

Analyst Upgrades and Downgrades

Separately, Citigroup reissued a “neutral” rating on shares of Sampo in a report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy”.

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.