Loar (NYSE:LOAR) Updates FY25 Earnings Guidance

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

Wall Street Analyst Weigh In

LOAR has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Citigroup raised 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. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $100.00 price target on shares of Loar in a research report on Thursday.

Loar Stock Performance

Shares of NYSE LOAR opened at $82.17 on Friday. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.86 and a quick ratio of 3.09. Loar has a 12 month low of $42.57 and a 12 month high of $95.35. The stock has a 50-day moving average price of $78.45 and a two-hundred day moving average price of $65.80.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company had revenue of $97.10 million during the quarter, compared to the consensus estimate of $91.70 million. Loar’s revenue for the quarter was up 31.2% on a year-over-year basis. As a group, equities research analysts expect that Loar will post 0.37 EPS for the current 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.