Loar (NYSE:LOAR) Issues Earnings Results, Meets Estimates

Loar (NYSE:LOAR) released its quarterly earnings results on Monday. The company reported $0.11 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.11, Briefing.com reports. The firm 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. Loar updated its FY25 guidance to $0.70-0.75 EPS.

Loar Stock Performance

NYSE LOAR opened at $66.00 on Monday. The business has a 50-day moving average price of $71.48 and a 200-day moving average price of $77.06. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar has a twelve month low of $42.57 and a twelve month high of $96.99.

Analyst Ratings Changes

Separately, Royal Bank of Canada cut their price target on Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a report on Monday, February 24th.

About Loar

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.