Sampo (SAXPY) Set to Post Quarterly Earnings on Wednesday

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

Sampo (OTCMKTS:SAXPY) last released its quarterly earnings results on Wednesday, August 12th. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.05). The company had revenue of $3.67 billion for the quarter, compared to the consensus estimate 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 Performance

Shares of SAXPY opened at $20.90 on Wednesday. Sampo has a one year low of $19.35 and a one year high of $24.43. The company has a 50-day simple moving average of $21.12 and a two-hundred day simple moving average of $21.45.

Analysts Set New Price Targets

Several research analysts have recently issued reports on SAXPY shares. Zacks Research raised Sampo from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. The Goldman Sachs Group upgraded Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. One equities 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’s stock. According to data from MarketBeat, Sampo has an average 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.