Loar (NYSE:LOAR) Issues FY25 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY25 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.45-0.50 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LOAR shares. Citigroup increased their target price 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 lifted their target price on Loar from $70.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $100.00 price target on shares of Loar in a research note on Thursday.

Loar Price Performance

LOAR opened at $80.80 on Friday. The business’s fifty day moving average is $78.90 and its 200-day moving average is $66.13. Loar has a 52-week low of $42.57 and a 52-week high of $95.35. The company has a debt-to-equity ratio of 0.33, a current ratio of 4.86 and a quick ratio of 3.09.

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