Loar (NYSE:LOAR) Issues FY 2025 Earnings Guidance

Loar (NYSE:LOAR) updated its FY 2025 earnings guidance on Wednesday. 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.

Analyst Upgrades and Downgrades

A number of research firms have commented on LOAR. Morgan Stanley boosted their target price on Loar from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Citigroup upped their price objective on Loar from $64.00 to $88.00 and gave the company a “buy” rating in a research report on Tuesday, August 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $80.00 price objective on shares of Loar in a research report on Monday, October 7th.

Loar Price Performance

Shares of NYSE:LOAR opened at $80.89 on Thursday. 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 business has a 50-day moving average of $78.45 and a two-hundred day moving average of $65.80.

Loar (NYSE:LOAR) last posted its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $97.10 million during the quarter, compared to analyst estimates of $91.70 million. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, analysts anticipate that Loar will post 0.37 earnings per share for the current fiscal year.

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.