Loar (NYSE:LOAR) Updates FY25 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.45-0.50 for the period, compared to the consensus earnings per share estimate of $0.68. The company issued revenue guidance of $470-480 million, compared to the consensus revenue estimate of $464.75 million. Loar also updated its FY 2024 guidance to 0.350-0.370 EPS.

Loar Stock Performance

LOAR opened at $80.89 on Thursday. Loar has a one year low of $42.57 and a one year high of $95.35. The business’s 50-day simple moving average is $78.45 and its 200-day simple moving average is $65.80. The company has a current ratio of 4.86, a quick ratio of 3.09 and a debt-to-equity ratio of 0.33.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $97.10 million for the quarter, compared to analysts’ expectations of $91.70 million. Loar’s quarterly revenue was up 31.2% compared to the same quarter last year. Analysts forecast that Loar will post 0.37 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on LOAR shares. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Loar in a research report on Monday, October 7th. Morgan Stanley lifted their target price 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. Finally, Citigroup upped their price target on shares of Loar from $64.00 to $88.00 and gave the company a “buy” rating in a report on Tuesday, August 20th.

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.