Loar (NYSE:LOAR) Updates FY25 Earnings Guidance

Loar (NYSE:LOAR) updated its FY25 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $0.70-0.75 for the period, compared to the consensus estimate of $0.68. The company issued revenue guidance of $480-488 million, compared to the consensus revenue estimate of $483.94 million.

Wall Street Analysts Forecast Growth

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

Loar Stock Down 2.6 %

NYSE LOAR opened at $66.00 on Monday. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. Loar has a 12 month low of $42.57 and a 12 month high of $96.99. The company’s fifty day moving average price is $71.48 and its two-hundred day moving average price is $77.06.

Loar (NYSE:LOAR) last issued its quarterly earnings data on Monday, March 31st. The company reported $0.11 EPS for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $110.40 million for the quarter, compared to the consensus estimate of $102.51 million. The business’s quarterly revenue was up 27.8% on a year-over-year basis. Equities analysts anticipate that Loar will post 0.28 earnings per share for the current fiscal year.

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.