Sampo (OTCMKTS:SAXPY) Issues Earnings Results

Sampo (OTCMKTS:SAXPY) issued its quarterly earnings results on Wednesday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.32, Zacks reports. The business had revenue of $2.67 billion during the quarter, compared to analyst estimates of $2.68 billion.

Sampo Stock Up 4.0%

Shares of SAXPY opened at $22.04 on Thursday. Sampo has a fifty-two week low of $19.35 and a fifty-two week high of $24.43. The company’s fifty day moving average is $20.96 and its two-hundred day moving average is $21.40. The firm has a market cap of $117.05 billion, a PE ratio of 14.89 and a beta of 0.35. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.39.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a research note on Thursday, July 9th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company presently 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.