Sampo (OTCMKTS:SAXPY) Announces Quarterly Earnings Results

Sampo (OTCMKTS:SAXPY) released its quarterly earnings data on Wednesday. The financial services provider reported $0.32 earnings per share for the quarter, topping the consensus estimate 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

SAXPY stock traded up $0.28 on Thursday, hitting $22.75. The company had a trading volume of 34,291 shares, compared to its average volume of 70,047. The stock has a market cap of $122.45 billion, a price-to-earnings ratio of 22.61 and a beta of 0.52. Sampo has a 12-month low of $15.70 and a 12-month high of $23.52. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.43. The stock’s 50-day simple moving average is $22.68 and its 200 day simple moving average is $21.91.

Analysts Set New Price Targets

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