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

Key Points

• Sampo reported quarterly EPS of $0.33, missing the consensus estimate of $0.38 by $0.05.
• SAXPY shares rose 1.1% to $22.05 in midday trading, while the stock’s market capitalization stood at approximately $117.12 billion.
• Analyst sentiment remains positive overall, with recent upgrades from Barclays, Goldman Sachs, Kepler Capital Markets and Zacks Research; MarketBeat rates the stock a “Moderate Buy.”

Sampo (OTCMKTS:SAXPY - Get Free Report) posted its quarterly earnings data on Wednesday. The financial services provider reported $0.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.05), Zacks reports.

Sampo Trading Up 1.1%

Shares of SAXPY stock traded up $0.23 during mid-day trading on Wednesday, reaching $22.05. The company's stock had a trading volume of 17,360 shares, compared to its average volume of 108,899. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $117.12 billion, a PE ratio of 15.31 and a beta of 0.39. The company's 50 day simple moving average is $21.38 and its 200-day simple moving average is $21.44. Sampo has a 12-month low of $19.93 and a 12-month high of $24.43.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Barclays raised Sampo from an "equal weight" rating to an "overweight" rating in a research note on Wednesday, May 27th. The Goldman Sachs Group upgraded shares of Sampo from a "sell" rating to a "buy" rating in a report on Thursday, July 9th. Citigroup reissued a "neutral" rating on shares of Sampo in a research report on Friday, April 24th. Kepler Capital Markets raised shares of Sampo to a "strong-buy" rating in a research report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Sampo from a "strong sell" rating to a "hold" rating in a report on Tuesday, June 30th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock 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.

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