Loomis (OTCMKTS:LOIMF) Releases Quarterly Earnings Results, Misses Expectations By $0.43 EPS

Loomis (OTCMKTS:LOIMF) issued its quarterly earnings results on Wednesday. The company reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.74 by ($0.43), reports. Loomis had a net margin of 5.90% and a return on equity of 14.07%. The business had revenue of $838.38 million for the quarter, compared to analysts’ expectations of $857.38 million.

Loomis Stock Performance

Shares of LOIMF remained flat at $42.87 during mid-day trading on Wednesday. The firm’s 50-day simple moving average is $41.06 and its two-hundred day simple moving average is $41.89. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.11 and a current ratio of 1.16. Loomis has a twelve month low of $36.30 and a twelve month high of $43.65.

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.