Sampo (OTCMKTS:SAXPY) Issues Quarterly Earnings Results

Sampo (OTCMKTS:SAXPY) announced its earnings results on Wednesday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.07), Zacks reports. The firm had revenue of $3.67 billion for the quarter, compared to analyst estimates of $2.96 billion.

Sampo Stock Performance

Shares of SAXPY stock opened at $22.16 on Friday. Sampo has a 52 week low of $19.93 and a 52 week high of $24.43. The stock has a market capitalization of $117.70 billion, a PE ratio of 14.97 and a beta of 0.39. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a 50 day moving average of $21.44 and a two-hundred day moving average of $21.43.

Analysts Set New Price Targets

Several research firms have recently commented on SAXPY. Citigroup reiterated a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a research note on Wednesday, May 27th. Kepler Capital Markets upgraded Sampo to a “strong-buy” rating in a report on Thursday, June 25th. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a research note on Thursday, July 9th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, Sampo presently has a consensus rating of “Moderate Buy”.

Sampo Company Profile

Sampo plc is a Finland-based insurance and financial services group that primarily underwrites property and casualty (P&C) insurance while also offering life insurance and related financial products. The company operates through subsidiaries that provide a mix of retail and corporate insurance solutions, claims handling and risk management services. Its business model emphasizes underwriting discipline and diversified exposure across personal, commercial and specialty insurance lines.

Sampo’s operations include well-known subsidiaries that deliver core products and services: a Nordic P&C insurer that writes motor, property, liability and specialty lines, and a life insurance and wealth management arm that offers savings, pension solutions and asset management services.