Loar (NYSE:LOAR) Releases FY 2025 Earnings Guidance

Loar (NYSE:LOAR) updated its FY 2025 earnings guidance on Wednesday. The company provided earnings per share guidance of 0.450-0.500 for the period, compared to the consensus earnings per share 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.

Loar Trading Down 1.3 %

NYSE:LOAR opened at $88.11 on Wednesday. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33. The stock’s 50-day simple moving average is $78.25 and its 200 day simple moving average is $65.69. Loar has a 52-week low of $42.57 and a 52-week high of $95.35.

Loar (NYSE:LOAR) last announced its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.03. The firm had revenue of $97.10 million during the quarter, compared to the consensus estimate of $91.70 million. Loar’s revenue was up 31.2% on a year-over-year basis. On average, analysts forecast that Loar will post 0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

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

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.