Loar (NYSE:LOAR) Posts Earnings Results

Loar (NYSE:LOAR) released its earnings results on Monday. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11, Briefing.com reports. The business had revenue of $110.40 million for the quarter, compared to analysts’ expectations of $102.51 million. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Loar updated its FY25 guidance to $0.70-0.75 EPS.

Loar Stock Performance

NYSE:LOAR opened at $71.19 on Wednesday. Loar has a 52 week low of $42.57 and a 52 week high of $96.99. The company’s 50 day moving average price is $71.08 and its 200-day moving average price is $76.95. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reiterated an “outperform” rating and set a $92.00 price objective on shares of Loar in a research note on Tuesday.

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.