Sampo (SAXPY) Set to Announce Quarterly Earnings on Wednesday

Sampo (OTCMKTS:SAXPY) is anticipated to release its results before the market opens on Wednesday, November 4th. Analysts expect Sampo to announce earnings of $0.2814 per share and revenue of $2.69 billion for the quarter.

Sampo (OTCMKTS:SAXPY) last posted its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $0.33 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.05). The business had revenue of $3.67 billion for the quarter, compared to analysts’ expectations of $2.96 billion. On average, analysts expect Sampo to post $1.27 EPS for the current fiscal year and $1.39 EPS for the next fiscal year.

Sampo Stock Up 1.1%

Shares of Sampo stock opened at $20.90 on Wednesday. Sampo has a 52-week low of $19.35 and a 52-week high of $24.43. The company has a fifty day moving average of $21.12 and a 200-day moving average of $21.45.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on SAXPY. The Goldman Sachs Group upgraded shares of Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. Zacks Research upgraded Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Sampo has a consensus rating of “Moderate Buy”.

About Sampo

Sampo Oyj is a Finnish insurance group headquartered in Helsinki. The company focuses on property and casualty insurance, serving private individuals, businesses and institutional customers across the Nordic countries, the Baltic region and the United Kingdom.

Sampo’s principal operations include If P&C Insurance, one of the largest non-life insurers in the Nordic region, and Hastings, a specialist provider of motor and home insurance in the United Kingdom. The group has also expanded its presence in Denmark through Topdanmark, which offers property, casualty and life insurance products to retail and commercial customers.

Sampo traces its roots to Finland and has developed from a broader financial-services group into a focused insurance business.