Loar (LOAR) Expected to Announce Quarterly Earnings on Wednesday

Loar (NYSE:LOAR) is expected to be releasing its earnings data before the market opens on Wednesday, February 26th. Analysts expect Loar to post earnings of $0.07 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Loar Stock Down 1.6 %

NYSE:LOAR opened at $68.29 on Monday. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. The stock’s fifty day moving average is $75.50 and its two-hundred day moving average is $77.75. Loar has a 52 week low of $42.57 and a 52 week high of $96.99.

Insider Transactions at Loar

In related news, Director Raja Bobbili sold 987,248 shares of the stock in a transaction 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 transaction, the director now owns 36,713,441 shares of the company’s stock, valued at $2,980,030,005.97. This represents a 2.62 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Chairman Brett N. Milgrim sold 120,305 shares of the stock in a transaction 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 transaction, the chairman now directly owns 3,865,327 shares in the company, valued at $313,748,592.59. This trade represents a 3.02 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,135,706 shares of company stock valued at $92,185,256.

Wall Street Analysts Forecast Growth

A number of research firms have commented on LOAR. Royal Bank of Canada restated an “outperform” rating and set a $100.00 price target on shares of Loar in a research note on Thursday, November 14th. Morgan Stanley upped their price target on Loar from $75.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Monday, November 18th.

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.