Loar (NYSE:LOAR) Releases 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.

Analysts Set New Price Targets

Separately, Royal Bank of Canada reissued an “outperform” rating and set a $92.00 price objective on shares of Loar in a report on Tuesday.

Loar Stock Performance

Shares of Loar stock opened at $71.19 on Wednesday. Loar has a 52-week low of $42.57 and a 52-week high of $96.99. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $71.08 and its 200-day moving average price is $76.95.

Loar (NYSE:LOAR) last posted its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.11. The company had revenue of $110.40 million during the quarter, compared to analysts’ expectations of $102.51 million. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, sell-side analysts predict that Loar will post 0.28 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.