Loar (LOAR) to Release Quarterly Earnings on Tuesday

Loar (NYSE:LOAR) will release its earnings data before the market opens on Tuesday, August 13th. Analysts expect Loar to post earnings of $0.10 per share for the quarter. Loar has set its FY 2024 guidance at 0.410-0.430 EPS.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Tuesday, May 14th. The company reported $11,023.54 earnings per share for the quarter. The firm had revenue of $91.84 million during the quarter. On average, analysts expect Loar to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Loar Stock Performance

Shares of LOAR opened at $60.86 on Wednesday. The business’s 50 day simple moving average is $57.94. Loar has a 12-month low of $42.57 and a 12-month high of $66.12. The company has a debt-to-equity ratio of 1.26, a quick ratio of 1.68 and a current ratio of 3.09.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on LOAR shares. Jefferies Financial Group started coverage on shares of Loar in a report on Monday, June 3rd. They issued a “buy” rating and a $65.00 target price for the company. Royal Bank of Canada began coverage on Loar in a research note on Monday, May 20th. They set an “outperform” rating and a $60.00 price objective for the company. Citigroup assumed coverage on Loar in a research report on Monday, May 20th. They set a “buy” rating and a $64.00 price objective for the company. Finally, Morgan Stanley initiated coverage on Loar in a report on Monday, May 20th. They issued an “equal weight” rating and a $55.00 target price on the stock.

About Loar

Loar Holdings Inc is a diversified manufacturer and supplier of niche aerospace and defense components for aircraft and aerospace and defense systems. Loar Holdings Inc is based in WHITE PLAINS, NY.