Sampo (OTCMKTS:SAXPY) Posts Quarterly Earnings Results, Hits Expectations

Key Points

• Sampo reported quarterly EPS of $0.32, matching analysts’ consensus estimate.
• Shares rose 4.1% to $22.05 during Wednesday’s trading.
• Goldman Sachs upgraded Sampo from “sell” to “buy”; overall analyst sentiment is “Moderate Buy.”

Sampo (OTCMKTS:SAXPY - Get Free Report) announced its quarterly earnings data on Wednesday. The financial services provider reported $0.32 EPS for the quarter, meeting analysts' consensus estimates of $0.32, Zacks reports.

Sampo Trading Up 4.1%

Shares of SAXPY stock traded up $0.86 during mid-day trading on Wednesday, reaching $22.05. The company's stock had a trading volume of 16,618 shares, compared to its average volume of 102,299. The company's 50 day simple moving average is $20.98 and its 200-day simple moving average is $21.40. Sampo has a 12-month low of $19.35 and a 12-month high of $24.43. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $117.12 billion, a PE ratio of 14.90 and a beta of 0.35.

Analysts Set New Price Targets

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 investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Sampo presently has an average rating of "Moderate Buy".

Sampo Company Profile

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.

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