Loomis (LOIMF) to Release Quarterly Earnings on Friday

Loomis (OTCMKTS:LOIMF) is expected to be posting its resultson Friday, July 24th. Analysts expect the company to post earnings of $0.8850 per share and revenue of $799.6180 million for the quarter.

Loomis (OTCMKTS:LOIMF) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.12. 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 14.10%.

Loomis Stock Performance

OTCMKTS LOIMF opened at $47.50 on Thursday. The stock has a market capitalization of $3.18 billion, a P/E ratio of 17.53 and a beta of -0.89. Loomis has a 52-week low of $36.30 and a 52-week high of $48.70. The firm has a 50-day moving average price of $47.05 and a 200 day moving average price of $46.01. The company has a quick ratio of 1.11, a current ratio of 1.17 and a debt-to-equity ratio of 0.47.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group lowered Loomis to a “neutral” rating in a report on Monday, April 20th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Loomis presently has a consensus 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.