Sampo (OTCMKTS:SAXPY) Issues Earnings Results, Beats Expectations By $0.05 EPS

Sampo (OTCMKTS:SAXPY) released its earnings results on Thursday. The financial services provider reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.05, Zacks reports. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.33 billion.

Sampo Trading Up 0.8%

Shares of SAXPY stock traded up $0.17 during mid-day trading on Friday, reaching $22.02. The stock had a trading volume of 28,818 shares, compared to its average volume of 235,730. The stock’s 50-day moving average price is $23.28 and its two-hundred day moving average price is $22.89. Sampo has a 52-week low of $15.81 and a 52-week high of $24.43. The firm has a market capitalization of $117.59 billion, a PE ratio of 15.88 and a beta of 0.45. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.35.

Analyst Ratings Changes

SAXPY has been the subject of a number of analyst reports. Barclays raised Sampo to a “hold” rating in a report on Tuesday, January 13th. Citigroup reaffirmed a “neutral” rating on shares of Sampo in a report on Thursday, November 20th. Finally, Keefe, Bruyette & Woods lowered Sampo from a “moderate buy” rating to a “hold” rating in a research note on Monday, November 10th. One research analyst has rated the stock with a Strong Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Sampo currently 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.