StandardAero (NYSE:SARO) Posts Quarterly Earnings Results, Misses Estimates By $0.20 EPS

StandardAero (NYSE:SARO) released its earnings results on Monday. The company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20), Briefing.com reports. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.37 billion. The business’s revenue for the quarter was up 21.8% compared to the same quarter last year. StandardAero updated its FY 2025 guidance to EPS.

StandardAero Trading Down 2.3 %

Shares of StandardAero stock opened at $26.25 on Tuesday. StandardAero has a 1 year low of $22.50 and a 1 year high of $34.38. The stock’s fifty day simple moving average is $25.95.

Analysts Set New Price Targets

Separately, Bank of America cut their price target on StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, StandardAero presently has an average rating of “Moderate Buy” and a consensus target price of $35.67.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.