StandardAero (NYSE:SARO - Get Free Report) released its earnings results on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.20), Briefing.com reports. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.37 billion. The firm's revenue for the quarter was up 21.8% compared to the same quarter last year. StandardAero updated its FY 2025 guidance to EPS.
StandardAero Stock Down 1.1 %
SARO stock traded down $0.31 during midday trading on Friday, reaching $28.68. The company's stock had a trading volume of 787,741 shares, compared to its average volume of 1,688,685. The company's fifty day moving average price is $26.09. StandardAero has a 1 year low of $22.50 and a 1 year high of $34.38.
Analyst Ratings Changes
SARO has been the subject of several analyst reports. Morgan Stanley reduced their target price on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a report on Friday. Bank of America dropped their price target on StandardAero from $34.00 to $32.00 and set a "neutral" rating for the company in a research note on Wednesday, November 27th. Finally, UBS Group increased their price target on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a report on Tuesday. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $34.89.
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About StandardAero
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StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.
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