Loomis (OTCMKTS:LOIMF) Announces Quarterly Earnings Results, Beats Expectations By $0.04 EPS

Loomis (OTCMKTS:LOIMF) announced its quarterly earnings results on Friday. The company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.02 by $0.04, Zacks reports. Loomis had a net margin of 6.06% and a return on equity of 15.08%. The firm had revenue of $812.02 million for the quarter, compared to analyst estimates of $814.45 million.

Loomis Stock Performance

Shares of LOIMF stock remained flat at $47.50 during mid-day trading on Friday. The company has a fifty day moving average price of $47.50 and a 200-day moving average price of $46.66. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.04 and a current ratio of 1.11. Loomis has a 52-week low of $36.30 and a 52-week high of $48.70. The firm has a market cap of $3.18 billion, a PE ratio of 16.05 and a beta of -0.86.

About Loomis

Loomis AB is a Sweden-based provider of cash-handling and valuables-logistics services. The company helps financial institutions, retailers and other businesses manage the physical flow of cash and other valuable items through services that include cash-in-transit transportation, cash processing, vaulting and distribution.

Its offerings also include ATM services, cash management solutions and related payment services. Loomis supports customers with the collection, counting, sorting, storage and delivery of cash, as well as the replenishment and maintenance of automated teller machines and other cash-management infrastructure.

Loomis traces its roots to the security and cash-services businesses that developed within Securitas and became an independent, publicly listed company in 2008.