Loomis (OTCMKTS:LOIMF) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS

Loomis (OTCMKTS:LOIMF) announced its quarterly earnings data on Thursday. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.12, Zacks reports. The business had revenue of $788.05 million for the quarter, compared to analyst estimates of $784.64 million. Loomis had a net margin of 5.72% and a return on equity of 14.53%.

Loomis Stock Performance

Shares of LOIMF stock remained flat at $46.65 during mid-day trading on Friday. Loomis has a 52 week low of $36.30 and a 52 week high of $48.70. The company has a quick ratio of 1.06, a current ratio of 1.11 and a debt-to-equity ratio of 0.51. The company has a market cap of $3.34 billion, a PE ratio of 17.21 and a beta of -1.57. The firm has a 50-day simple moving average of $46.86 and a 200 day simple moving average of $43.66.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group downgraded Loomis to a “neutral” rating in a report on Monday, April 20th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Loomis Company Profile

Loomis AB (OTCMKTS: LOIMF) is a Swedish security company specializing in cash handling and secure logistics services. Headquartered in Stockholm, the company offers comprehensive solutions for the transportation, processing and management of banknotes, coins and other valuables. Its services are designed to support financial institutions, retailers, wholesalers and public sector organizations in maintaining secure and efficient cash operations.

The company’s core activities include cash-in-transit (CIT) operations, ATM servicing, cash processing at high-security vaults and end-to-end cash management.