Sampo (OTCMKTS:SAXPY) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS

Sampo (OTCMKTS:SAXPY) issued its quarterly earnings data on Wednesday. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.07, Zacks reports. The business had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.48 billion.

Sampo Stock Down 0.2%

Shares of Sampo stock traded down $0.04 during trading on Friday, hitting $20.75. 50,658 shares of the stock were exchanged, compared to its average volume of 125,523. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.30 and a quick ratio of 0.30. The firm’s 50-day moving average price is $21.41 and its 200 day moving average price is $22.36. The stock has a market cap of $110.21 billion, a price-to-earnings ratio of 14.41 and a beta of 0.39. Sampo has a 12-month low of $19.93 and a 12-month high of $24.43.

Analysts Set New Price Targets

SAXPY has been the topic of several research analyst reports. Zacks Research upgraded shares of Sampo to a “strong sell” rating in a report on Monday. Citigroup reiterated a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Finally, Barclays upgraded 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, three have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold”.

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.