Sampo (SAXPY) to Announce Earnings on Wednesday

Sampo (OTCMKTS:SAXPY) is anticipated to issue its results before the market opens on Wednesday, August 12th. Analysts expect the company to post earnings of $0.3847 per share and revenue of $2.9572 billion for the quarter.

Sampo Price Performance

SAXPY opened at $21.94 on Tuesday. Sampo has a 52-week low of $19.93 and a 52-week high of $24.43. The company has a 50 day moving average of $21.36 and a two-hundred day moving average of $21.45. The company has a market cap of $116.53 billion, a P/E ratio of 15.24 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.

Wall Street Analysts Forecast Growth

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

About Sampo

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.