Loar (NYSE:LOAR – Get Free Report) issued an update on its FY25 earnings guidance on Monday morning. The company provided EPS guidance of $0.70-0.75 for the period, compared to the consensus EPS estimate of $0.68. The company issued revenue guidance of $480-488 million, compared to the consensus revenue estimate of $483.94 million.
Loar Stock Up 7.2 %
LOAR stock opened at $70.74 on Tuesday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar has a 52 week low of $42.57 and a 52 week high of $96.99. The business has a fifty day simple moving average of $71.31 and a 200-day simple moving average of $77.01.
Analyst Upgrades and Downgrades
Separately, Royal Bank of Canada decreased their price target on shares of Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a research report on Monday, February 24th.
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.
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