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

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

Sampo Trading Up 0.9%

Shares of OTCMKTS SAXPY traded up $0.20 during midday trading on Wednesday, reaching $22.02. The company had a trading volume of 17,921 shares, compared to its average volume of 108,903. The stock has a market cap of $116.93 billion, a PE ratio of 15.29 and a beta of 0.39. Sampo has a one year low of $19.93 and a one year high of $24.43. The firm’s fifty day moving average price is $21.38 and its 200-day moving average price is $21.44. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Barclays raised Sampo from an “equal weight” rating to an “overweight” rating in a report on Wednesday, May 27th. Citigroup restated a “neutral” rating on shares of Sampo in a research report on Friday, April 24th. Zacks Research raised shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Kepler Capital Markets upgraded shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Finally, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a report on Thursday, July 9th. One research 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.com, the company has an average rating of “Moderate Buy”.

About Sampo

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.