Loar (NYSE:LOAR) Issues FY 2025 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.450-0.500 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several research firms have recently weighed in on LOAR. Citigroup lifted their target price on shares of Loar from $64.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 20th. Morgan Stanley lifted their target price on shares of Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Loar in a research note on Thursday.

Loar Price Performance

Shares of LOAR opened at $80.80 on Friday. The stock has a 50 day moving average price of $78.90 and a 200 day moving average price of $66.13. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33. Loar has a 52-week low of $42.57 and a 52-week high of $95.35.

Loar (NYSE:LOAR) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.10 by $0.03. The company had revenue of $97.10 million for the quarter, compared to analysts’ expectations of $91.70 million. The business’s revenue was up 31.2% compared to the same quarter last year. Equities analysts predict that Loar will post 0.37 earnings per share for the current fiscal year.

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.