Loar (NYSE:LOAR) Updates FY 2025 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY 2025 earnings guidance on Wednesday morning. 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 Price Performance

Shares of LOAR opened at $80.80 on Friday. The stock has a fifty day moving average price of $78.90 and a 200 day moving average price of $66.13. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.09 and a current ratio of 4.86. Loar has a 12 month low of $42.57 and a 12 month high of $95.35.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.10 by $0.03. The company had revenue of $97.10 million for the quarter, compared to the consensus estimate of $91.70 million. The business’s quarterly revenue was up 31.2% on a year-over-year basis. As a group, sell-side analysts anticipate that Loar will post 0.37 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on LOAR shares. Citigroup upped their price objective on Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a research note on Tuesday, August 20th. Morgan Stanley increased their price target on Loar from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $100.00 price target on shares of Loar in a research note on Thursday.

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.