Loar (LOAR) to Release Earnings on Wednesday

Loar (NYSE:LOAR - Get Free Report) is expected to be announcing its earnings results before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.07 per share for the quarter.

Loar (NYSE:LOAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The company reported $0.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.13 by $0.02. The firm had revenue of $103.52 million for the quarter, compared to analysts' expectations of $97.30 million. The firm's revenue for the quarter was up 25.0% on a year-over-year basis.

Loar Stock Performance

LOAR traded up $1.42 during mid-day trading on Friday, reaching $77.63. 397,372 shares of the stock were exchanged, compared to its average volume of 246,658. The company has a 50 day moving average price of $78.79 and a two-hundred day moving average price of $76.77. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. Loar has a 1 year low of $42.57 and a 1 year high of $96.99.

Analyst Ratings Changes

A number of brokerages recently weighed in on LOAR. Royal Bank of Canada reissued an "outperform" rating and issued a $100.00 price target on shares of Loar in a report on Thursday, November 14th. Morgan Stanley boosted their price target on shares of Loar from $75.00 to $89.00 and gave the stock an "equal weight" rating in a report on Monday, November 18th.

Insider Buying and Selling at Loar

In other news, Chairman Brett N. Milgrim sold 120,305 shares of the company's stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $9,765,156.85. Following the sale, the chairman now directly owns 3,865,327 shares in the company, valued at $313,748,592.59. This represents a 3.02 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Raja Bobbili sold 987,248 shares of the company's stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $80,134,920.16. Following the sale, the director now owns 36,713,441 shares in the company, valued at approximately $2,980,030,005.97. This represents a 2.62 % 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 valued at $92,185,256 over the last three months.

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.