Loar (NYSE:LOAR) Updates FY 2025 Earnings Guidance

Loar (NYSE:LOAR) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share guidance of 0.670-0.720 for the period, compared to the consensus earnings per share estimate of 0.670. The company issued revenue guidance of $470.0 million-$480.0 million, compared to the consensus revenue estimate of $482.9 million. Loar also updated its FY 2024 guidance to EPS.

Wall Street Analyst Weigh In

A number of research firms have issued reports on LOAR. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of Loar in a report on Thursday, November 14th. Morgan Stanley increased their price target on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a report on Monday, November 18th.

Loar Stock Down 1.6 %

Shares of LOAR opened at $68.29 on Friday. Loar has a 12-month low of $42.57 and a 12-month high of $96.99. The business’s fifty day moving average is $75.50 and its 200 day moving average is $77.50. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78.

Insider Buying and Selling

In related news, Director Raja Bobbili sold 987,248 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $80,134,920.16. Following the completion of the sale, the director now directly owns 36,713,441 shares of the company’s stock, valued at approximately $2,980,030,005.97. This represents a 2.62 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Michael J. Manella sold 28,153 shares of the stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $2,285,179.01. Following the completion of the sale, the insider now directly owns 580,388 shares of the company’s stock, valued at $47,110,093.96. The trade was a 4.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,706 shares of company stock worth $92,185,256 in the last ninety days.

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.