Loar (NYSE:LOAR) Releases Earnings Results, Meets Expectations

Loar (NYSE:LOAR) announced its quarterly earnings results on Monday. The company reported $0.11 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.11, Briefing.com reports. The firm had revenue of $110.40 million during the quarter, compared to analyst estimates of $102.51 million. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. Loar updated its FY25 guidance to $0.70-0.75 EPS.

Loar Price Performance

LOAR stock opened at $71.19 on Wednesday. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar has a fifty-two week low of $42.57 and a fifty-two week high of $96.99. The business has a 50-day moving average of $71.08 and a 200-day moving average of $76.95.

Wall Street Analyst Weigh In

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

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.