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

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

Sampo Stock Performance

Shares of OTCMKTS SAXPY traded up $0.23 during trading on Wednesday, reaching $22.05. The stock had a trading volume of 17,360 shares, compared to its average volume of 108,899. Sampo has a one year low of $19.93 and a one year high of $24.43. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.30 and a current ratio of 0.30. The stock has a market cap of $117.12 billion, a PE ratio of 15.31 and a beta of 0.39. The firm’s 50 day moving average price is $21.38 and its two-hundred day moving average price is $21.44.

Analysts Set New Price Targets

A number of analysts have recently issued reports on SAXPY shares. Citigroup reiterated a “neutral” rating on shares of Sampo in a research note on Friday, April 24th. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Barclays raised shares of Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. The Goldman Sachs Group raised Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Finally, Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company 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.