Loar (NYSE:LOAR) Releases FY 2025 Earnings Guidance

Loar (NYSE:LOAR - Get Free Report) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 0.450-0.500 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of $470.0 million-$480.0 million, compared to the consensus revenue estimate of $464.8 million. Loar also updated its FY 2024 guidance to 0.350-0.370 EPS.

Loar Price Performance

Shares of NYSE:LOAR traded down $7.17 during midday trading on Wednesday, hitting $80.94. The company had a trading volume of 664,221 shares, compared to its average volume of 298,682. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $78.25 and a two-hundred day moving average of $65.69. Loar has a 12-month low of $42.57 and a 12-month high of $95.35.

Loar (NYSE:LOAR - Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $91.70 million. The company's quarterly revenue was up 31.2% compared to the same quarter last year. As a group, analysts anticipate that Loar will post 0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on LOAR. Royal Bank of Canada reiterated an "outperform" rating and issued a $80.00 price target on shares of Loar in a report on Monday, October 7th. Citigroup upped their price objective on Loar from $64.00 to $88.00 and gave the stock a "buy" rating in a research report on Tuesday, August 20th. Finally, Morgan Stanley upped their price objective on Loar from $70.00 to $75.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th.

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.