Loomis (OTCMKTS:LOIMF) Posts Quarterly Earnings Results, Beats Estimates By $0.09 EPS

Loomis (OTCMKTS:LOIMF) announced its quarterly earnings results on Friday. The company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09, Zacks reports. Loomis had a return on equity of 14.10% and a net margin of 5.72%.

Loomis Stock Performance

Shares of Loomis stock remained flat at $47.50 during trading on Friday. Loomis has a 1 year low of $36.30 and a 1 year high of $48.70. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.17 and a quick ratio of 1.11. The company has a market cap of $3.18 billion, a PE ratio of 17.53 and a beta of -0.89. The company’s 50-day simple moving average is $47.08 and its 200 day simple moving average is $46.04.

Analysts Set New Price Targets

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