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

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

Loomis Stock Performance

Shares of LOIMF remained flat at $42.87 during mid-day trading on Wednesday. Loomis has a twelve month low of $36.30 and a twelve month high of $43.65. The stock’s fifty day simple moving average is $41.06 and its 200 day simple moving average is $41.89. The company has a current ratio of 1.16, a quick ratio of 1.11 and a debt-to-equity ratio of 0.58.

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.