Loomis (LOIMF) Expected to Release Earnings on Friday

Loomis (OTCMKTS:LOIMF) is anticipated to issue its resultson Friday, July 24th. Analysts expect Loomis to announce 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 for the quarter, topping the consensus estimate of $0.74 by $0.12. Loomis had a net margin of 5.72% and a return on equity of 14.10%. The business had revenue of $788.05 million for the quarter, compared to analysts’ expectations of $784.64 million.

Loomis Stock Performance

Shares of LOIMF stock opened at $47.50 on Friday. 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 price-to-earnings ratio of 17.53 and a beta of -0.89. Loomis has a 1 year low of $36.30 and a 1 year high of $48.70. The firm has a fifty day moving average price of $46.96 and a 200-day moving average price of $45.88.

Analyst Ratings Changes

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