Sampo (OTCMKTS:SAXPY) Posts Earnings Results

Sampo (OTCMKTS:SAXPY) announced its earnings results on Thursday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.05, Zacks reports. The firm had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.33 billion.

Sampo Trading Up 0.8%

Shares of Sampo stock traded up $0.17 on Friday, reaching $22.02. The company had a trading volume of 28,818 shares, compared to its average volume of 235,730. The firm’s 50-day moving average price is $23.28 and its two-hundred day moving average price is $22.89. Sampo has a 1 year low of $15.81 and a 1 year high of $24.43. The firm has a market cap of $117.59 billion, a price-to-earnings ratio of 15.88 and a beta of 0.45. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.30 and a quick ratio of 0.30.

Analyst Upgrades and Downgrades

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