Loar (NYSE:LOAR) Posts Earnings Results, Meets Expectations

Loar (NYSE:LOAR - Get Free Report) posted its quarterly earnings data on Monday. The company reported $0.11 EPS for the quarter, meeting the consensus estimate of $0.11, Briefing.com reports. The firm had revenue of $110.40 million during the quarter, compared to analysts' expectations of $102.51 million. The company'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 Price Performance

Shares of NYSE LOAR traded up $5.79 during midday trading on Wednesday, hitting $77.12. 566,633 shares of the company's stock were exchanged, compared to its average volume of 410,081. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. The business's fifty day moving average price is $71.08 and its two-hundred day moving average price is $76.95. Loar has a 12-month low of $42.57 and a 12-month high of $96.99.

Analyst Ratings Changes

Separately, Royal Bank of Canada reiterated an "outperform" rating and set a $92.00 price objective on shares of Loar in a research note 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.