Sampo (OTCMKTS:SAXPY) Announces Earnings Results, Beats Estimates By $0.07 EPS

Sampo (OTCMKTS:SAXPY) posted its quarterly earnings results on Wednesday. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.07, Zacks reports.

Sampo Trading Up 2.6%

Shares of Sampo stock traded up $0.53 on Wednesday, reaching $20.96. The company had a trading volume of 47,806 shares, compared to its average volume of 65,055. The firm’s 50 day moving average price is $21.42 and its two-hundred day moving average price is $22.37. The firm has a market cap of $111.33 billion, a PE ratio of 12.19 and a beta of 0.39. Sampo has a 52-week low of $19.93 and a 52-week high of $24.43. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.30 and a current ratio of 0.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Zacks Research raised shares of Sampo to a “strong sell” rating in a research note on Monday. Finally, Barclays raised shares of Sampo to a “hold” rating in a research note on Tuesday, January 13th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold”.

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.