StandardAero (NYSE:SARO) Posts Earnings Results, Misses Expectations By $0.20 EPS

StandardAero (NYSE:SARO) posted its quarterly earnings data on Monday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.20), Briefing.com reports. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.37 billion. StandardAero’s revenue was up 21.8% on a year-over-year basis.

StandardAero Price Performance

Shares of SARO stock traded down $0.61 during trading hours on Monday, hitting $26.25. 1,971,079 shares of the company were exchanged, compared to its average volume of 1,677,535. The business’s fifty day moving average price is $25.93. StandardAero has a 1 year low of $22.50 and a 1 year high of $34.38.

Analysts Set New Price Targets

Separately, Bank of America decreased their price target on shares of StandardAero from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Three analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, StandardAero has an average rating of “Moderate Buy” and a consensus price target of $35.67.

StandardAero Company Profile

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.