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

Loomis (OTCMKTS:LOIMF) announced its earnings results on Thursday. The company reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.12, Zacks reports. The firm had revenue of $788.05 million during the quarter, compared to analysts’ expectations of $784.64 million. Loomis had a return on equity of 14.53% and a net margin of 5.72%.

Loomis Price Performance

OTCMKTS:LOIMF remained flat at $46.65 during trading hours on Friday. The company has a current ratio of 1.11, a quick ratio of 1.06 and a debt-to-equity ratio of 0.51. The company has a fifty day moving average of $46.86 and a 200-day moving average of $43.66. The stock has a market capitalization of $3.34 billion, a P/E ratio of 17.21 and a beta of -1.57. Loomis has a 12 month low of $36.30 and a 12 month high of $48.70.

Wall Street Analysts Forecast Growth

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

About Loomis

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.