Loar (NYSE:LOAR) Updates FY25 Earnings Guidance

Loar (NYSE:LOAR - Get Free Report) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.45-0.50 for the period, compared to the consensus earnings per share estimate of $0.68. The company issued revenue guidance of $470-480 million, compared to the consensus revenue estimate of $464.75 million. Loar also updated its FY 2024 guidance to 0.350-0.370 EPS.

Loar Stock Down 8.1 %

NYSE:LOAR traded down $7.17 during mid-day 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 business has a fifty day simple moving average of $78.25 and a 200-day simple moving average of $65.69. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33. Loar has a 1 year low of $42.57 and a 1 year high of $95.35.

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

Analyst Ratings Changes

LOAR has been the subject of a number of research reports. Royal Bank of Canada reiterated an "outperform" rating and issued a $80.00 price target on shares of Loar in a research note on Monday, October 7th. 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. Finally, Citigroup lifted their price target on Loar from $64.00 to $88.00 and gave the company a "buy" rating in a report on Tuesday, August 20th.

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.