Loar (NYSE:LOAR) Posts Quarterly Earnings Results, Hits Estimates

Loar (NYSE:LOAR) issued its quarterly earnings data on Monday. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, Briefing.com reports. The company had revenue of $110.40 million for the quarter, compared to the consensus estimate of $102.51 million. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. Loar updated its FY25 guidance to $0.70-0.75 EPS.

Loar Stock Up 0.8 %

Shares of LOAR stock opened at $71.19 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar has a 12 month low of $42.57 and a 12 month high of $96.99. The company has a 50 day simple moving average of $71.08 and a two-hundred day simple moving average of $76.95.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $92.00 price target on shares of Loar in a report on Tuesday.

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.