Sampo (OTCMKTS:SAXPY) Posts Earnings Results, Misses Estimates By $0.05 EPS

Sampo (OTCMKTS:SAXPY) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05), Zacks reports.

Sampo Price Performance

Sampo stock opened at $22.01 on Thursday. The stock has a market cap of $116.90 billion, a price-to-earnings ratio of 15.28 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 business has a 50-day simple moving average of $21.40 and a 200 day simple moving average of $21.43. Sampo has a 52 week low of $19.93 and a 52 week high of $24.43.

Wall Street Analyst Weigh In

SAXPY has been the subject of a number of analyst reports. Citigroup reaffirmed 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 report on Wednesday, May 27th. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a research note on Thursday, July 9th. Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Sampo presently has an average 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.