Loar (NYSE:LOAR) Issues FY25 Earnings Guidance

Loar (NYSE:LOAR) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.70-0.75 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $480-488 million, compared to the consensus revenue estimate of $483.94 million.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reduced their price target on shares of Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

Loar Stock Up 7.2 %

LOAR opened at $70.74 on Tuesday. Loar has a 1-year low of $42.57 and a 1-year high of $96.99. The business has a 50 day moving average price of $71.31 and a two-hundred day moving average price of $77.01. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95.

About Loar

Loar Holdings Inc, through its subsidiaries, designs, manufactures, and markets aerospace and defense components for aircraft, and aerospace and defense systems in the United States and internationally. It offers products in various categories, which include airframe components, structural components, avionics, composites, braking system components, de-ice and ice protection, electro-mechanical, engineered materials, flight controls, fluid and motion controls, environmental, metal forming, molded components, and restraints and safety devices.