Sampo (OTCMKTS:SAXPY) Announces Quarterly Earnings Results, Beats Estimates 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 the consensus estimate of $0.27 by $0.05, Zacks reports. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.33 billion.

Sampo Trading Up 0.9%

Sampo stock traded up $0.19 during trading hours on Friday, reaching $22.04. 46,067 shares of the company’s stock traded hands, compared to its average volume of 236,068. The firm has a market capitalization of $117.73 billion, a price-to-earnings ratio of 15.90 and a beta of 0.45. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.30 and a current ratio of 0.30. Sampo has a fifty-two week low of $15.81 and a fifty-two week high of $24.43. The firm’s 50 day moving average is $23.28 and its 200-day moving average is $22.89.

Wall Street Analysts Forecast Growth

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