Loar (NYSE:LOAR) Updates FY25 Earnings Guidance

Loar (NYSE:LOAR) updated its FY25 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.45-0.50 for the period, compared to the consensus 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 1.7 %

Shares of NYSE:LOAR opened at $80.80 on Friday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.09 and a current ratio of 4.86. Loar has a 12 month low of $42.57 and a 12 month high of $95.35. The company’s fifty day simple moving average is $78.90 and its 200 day simple moving average is $66.13.

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on LOAR shares. Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price objective on shares of Loar in a report on Thursday. Citigroup boosted their price target on shares of 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 raised their price objective on Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 18th.

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.