Loar (NYSE:LOAR) Issues FY 2025 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY 2025 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.450-0.500 for the period, compared to the consensus EPS 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.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Morgan Stanley increased their price target on Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Citigroup increased their target price on shares of Loar from $64.00 to $88.00 and gave the company a “buy” rating in a research note on Tuesday, August 20th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $100.00 target price on shares of Loar in a report on Thursday.

Loar Price Performance

Shares of LOAR stock opened at $82.17 on Friday. The company’s 50-day simple moving average is $78.45 and its two-hundred day simple moving average is $65.80. Loar has a one year low of $42.57 and a one year high of $95.35. 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 (NYSE:LOAR) last issued its earnings results on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.03. The firm had revenue of $97.10 million during the quarter, compared to analysts’ expectations of $91.70 million. The company’s revenue for the quarter was up 31.2% on a year-over-year basis. On average, sell-side analysts anticipate that Loar will post 0.37 EPS for the current 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.