Loar (NYSE:LOAR - Get Free Report) will be posting its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Loar to post earnings of $0.11 per share for the quarter. Loar has set its FY24 guidance at $0.44-0.46 EPS and its FY 2024 guidance at 0.440-0.460 EPS.Persons that are interested in registering for the company's earnings conference call can do so using this link.
Loar (NYSE:LOAR - Get Free Report) last announced its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The firm had revenue of $97.10 million during the quarter, compared to analysts' expectations of $91.70 million. The company's quarterly revenue was up 31.2% compared to the same quarter last year.
Loar Price Performance
NYSE:LOAR traded up $0.98 on Thursday, reaching $84.62. 355,452 shares of the company's stock were exchanged, compared to its average volume of 294,659. Loar has a 52 week low of $42.57 and a 52 week high of $92.17. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $77.03.
Analyst Ratings Changes
Several research analysts have recently issued reports on LOAR shares. Morgan Stanley raised their target price on shares of Loar from $70.00 to $75.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Citigroup raised their price objective on shares of 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 reiterated an "outperform" rating and issued a $80.00 price objective on shares of Loar in a research note on Monday, October 7th.
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Loar Company Profile
(
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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.
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