Loar (NYSE:LOAR) Issues FY25 Earnings Guidance

Loar (NYSE:LOAR) updated its FY25 earnings guidance on Monday. 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 Trading Down 2.6 %

Shares of NYSE LOAR opened at $66.00 on Monday. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28. The business’s 50 day moving average is $71.48 and its two-hundred day moving average is $77.06. Loar has a 52-week low of $42.57 and a 52-week high of $96.99.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.11. The firm had revenue of $110.40 million during the quarter, compared to analysts’ expectations of $102.51 million. The company’s revenue was up 27.8% on a year-over-year basis. As a group, equities research analysts predict that Loar will post 0.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, Royal Bank of Canada lowered their price objective on shares of Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a research note on Monday, February 24th.

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.