Sampo (SAXPY) Expected to Announce Earnings on Thursday

Sampo (OTCMKTS:SAXPY) will likely be announcing its results before the market opens on Thursday, February 5th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $2.3268 billion for the quarter.

Sampo (OTCMKTS:SAXPY) last announced its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.22 by $0.10. The company had revenue of $2.61 billion during the quarter, compared to analysts’ expectations of $2.27 billion.

Sampo Stock Up 0.7%

SAXPY opened at $22.42 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $119.76 billion, a PE ratio of 16.18 and a beta of 0.45. Sampo has a 52 week low of $15.81 and a 52 week high of $24.43. The firm has a 50-day simple moving average of $23.34 and a two-hundred day simple moving average of $22.90.

Analysts Set New Price Targets

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