Sampo (SAXPY) Expected to Announce Earnings on Wednesday

Sampo (OTCMKTS:SAXPY) is projected to post its results before the market opens on Wednesday, August 12th. Analysts expect the company to post earnings of $0.3847 per share and revenue of $2.9572 billion for the quarter.

Sampo Price Performance

Shares of SAXPY opened at $22.20 on Monday. The business has a 50-day moving average of $21.33 and a 200-day moving average of $21.45. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.30 and a quick ratio of 0.30. The company has a market capitalization of $117.91 billion, a price-to-earnings ratio of 15.42 and a beta of 0.39. Sampo has a 1 year low of $19.93 and a 1 year high of $24.43.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Citigroup restated a “neutral” rating on shares of Sampo in a report on Friday, April 24th. Barclays upgraded shares of Sampo from an “equal weight” rating to an “overweight” rating in a research report on Wednesday, May 27th. Kepler Capital Markets raised shares of Sampo to a “strong-buy” rating in a research note on Thursday, June 25th. Zacks Research upgraded shares of Sampo from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 30th. Finally, The Goldman Sachs Group raised shares of Sampo from a “sell” rating to a “buy” rating in a research report on Thursday, July 9th. One research 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 company’s stock. Based on data from MarketBeat.com, the stock presently 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.