Loar (NYSE:LOAR) Releases FY 2025 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.670-0.720 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 $482.9 million. Loar also updated its FY 2024 guidance to EPS.

Loar Stock Down 1.1 %

LOAR opened at $69.61 on Friday. Loar has a 52 week low of $42.57 and a 52 week high of $96.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. The stock’s fifty day moving average is $75.71 and its two-hundred day moving average is $77.42.

Wall Street Analyst Weigh In

LOAR has been the topic of a number of research reports. Royal Bank of Canada reissued an “outperform” rating and set a $100.00 target price on shares of Loar in a research report on Thursday, November 14th. Morgan Stanley lifted their price objective on shares of Loar from $75.00 to $89.00 and gave the company an “equal weight” rating in a report on Monday, November 18th.

Insider Transactions at Loar

In other Loar news, Director Raja Bobbili sold 987,248 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $80,134,920.16. Following the completion of the transaction, the director now directly owns 36,713,441 shares of the company’s stock, valued at approximately $2,980,030,005.97. The trade was a 2.62 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Chairman Brett N. Milgrim sold 120,305 shares of the stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total transaction of $9,765,156.85. Following the sale, the chairman now directly owns 3,865,327 shares in the company, valued at $313,748,592.59. This trade represents a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,706 shares of company stock valued at $92,185,256 in the last 90 days.

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.