Loar (NYSE:LOAR) Issues FY 2025 Earnings Guidance

Loar (NYSE:LOAR) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.670-0.720 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 $482.9 million. Loar also updated its FY 2024 guidance to EPS.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 price objective on shares of Loar in a research note on Thursday, November 14th. Morgan Stanley upped their price objective on Loar from $75.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th.

Loar Trading Down 1.6 %

Loar stock opened at $68.29 on Friday. The business has a 50 day moving average of $75.50 and a 200-day moving average of $77.50. Loar has a 1 year low of $42.57 and a 1 year high of $96.99. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78.

Insider Activity at Loar

In related news, Director Raja Bobbili sold 987,248 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $80,134,920.16. Following the sale, the director now directly owns 36,713,441 shares in the company, valued at $2,980,030,005.97. This represents a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Chairman Brett N. Milgrim sold 120,305 shares of the company’s stock in a transaction that occurred on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $9,765,156.85. Following the completion of the sale, the chairman now owns 3,865,327 shares in the company, valued at $313,748,592.59. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 1,135,706 shares of company stock worth $92,185,256 over the last ninety days.

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.