Loar (NYSE:LOAR - Get Free Report) updated its FY25 earnings guidance on Monday morning. The company provided earnings per share guidance of $0.70-0.75 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $480-488 million, compared to the consensus revenue estimate of $483.94 million.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada reaffirmed an "outperform" rating and set a $92.00 price objective on shares of Loar in a research report on Tuesday.
Read Our Latest Stock Analysis on Loar
Loar Price Performance
NYSE LOAR traded up $5.79 during mid-day trading on Wednesday, hitting $77.12. The company's stock had a trading volume of 566,633 shares, compared to its average volume of 410,081. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. The company's 50 day simple moving average is $71.08 and its 200 day simple moving average is $76.95. Loar has a twelve month low of $42.57 and a twelve month high of $96.99.
Loar (NYSE:LOAR - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share for the quarter, meeting analysts' consensus estimates of $0.11. The firm had revenue of $110.40 million for the quarter, compared to the consensus estimate of $102.51 million. Loar's quarterly revenue was up 27.8% compared to the same quarter last year. As a group, research analysts expect that Loar will post 0.28 EPS for the current fiscal year.
About Loar
(
Get Free Report)
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.
Featured Stories
Before you consider Loar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Loar wasn't on the list.
While Loar currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
