Loar (NYSE:LOAR) Issues FY 2025 Earnings Guidance

Loar (NYSE:LOAR - Get Free Report) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.670-0.720 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 $482.9 million. Loar also updated its FY 2024 guidance to EPS.

Loar Stock Performance

NYSE LOAR traded down $0.85 on Monday, reaching $67.76. 620,827 shares of the company's stock traded hands, compared to its average volume of 367,095. Loar has a 12 month low of $42.57 and a 12 month high of $96.99. 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 stock has a 50-day simple moving average of $75.25 and a 200 day simple moving average of $77.81.

Wall Street Analyst Weigh In

A number of research analysts have commented on LOAR shares. Morgan Stanley increased their price target on shares of Loar from $75.00 to $89.00 and gave the company an "equal weight" rating in a research report on Monday, November 18th. Royal Bank of Canada reduced their price target on shares of Loar from $100.00 to $92.00 and set an "outperform" rating on the stock in a research report on Monday.

Insider Activity

In other news, Director Raja Bobbili sold 987,248 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $80,134,920.16. Following the completion of the sale, the director now owns 36,713,441 shares of the company's stock, valued at approximately $2,980,030,005.97. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Brett N. Milgrim sold 120,305 shares of the firm's stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $9,765,156.85. Following the completion of the sale, the chairman now directly owns 3,865,327 shares of the company's stock, valued at $313,748,592.59. The trade was a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,135,706 shares of company stock valued at $92,185,256.

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.