Loar (NYSE:LOAR) Updates FY25 Earnings Guidance

Loar (NYSE:LOAR) updated its FY25 earnings guidance on Wednesday. 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on LOAR shares. Morgan Stanley upped their target price on shares of Loar from $70.00 to $75.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Citigroup upped their price objective on 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 reiterated an “outperform” rating and issued a $80.00 target price on shares of Loar in a research report on Monday, October 7th.

Loar Price Performance

NYSE LOAR opened at $80.89 on Thursday. Loar has a one year low of $42.57 and a one year high of $95.35. The company has a 50-day simple moving average of $78.45 and a 200-day simple moving average of $65.80. The company has a quick ratio of 3.09, a current ratio of 4.86 and a debt-to-equity ratio of 0.33.

Loar (NYSE:LOAR) last posted its earnings results on Tuesday, August 13th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.10 by $0.03. The company 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% compared to the same quarter last year. Equities analysts forecast that Loar will post 0.37 earnings per share for the current year.

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.