Loar (NYSE:LOAR) Issues FY25 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.45-0.50 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $470-480 million, compared to the consensus revenue estimate of $464.75 million. Loar also updated its FY 2024 guidance to 0.350-0.370 EPS.

Analyst Upgrades and Downgrades

LOAR has been the topic of several recent analyst reports. Morgan Stanley boosted their target price on shares of Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Citigroup boosted their price objective on Loar from $64.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 target price on shares of Loar in a research note on Thursday.

Loar Stock Performance

Shares of NYSE LOAR opened at $82.17 on Friday. The firm’s 50-day moving average price is $78.45 and its 200-day moving average price is $65.80. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33. Loar has a 1-year low of $42.57 and a 1-year high of $95.35.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $97.10 million during the quarter, compared to analyst estimates of $91.70 million. Loar’s revenue was up 31.2% compared to the same quarter last year. On average, equities research analysts expect that Loar will post 0.37 EPS for the current year.

Loar Company Profile

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.