Loar (NYSE:LOAR) Announces Quarterly Earnings Results

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 business had revenue of $110.40 million during the quarter, compared to the consensus estimate of $102.51 million. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. Loar updated its FY25 guidance to $0.70-0.75 EPS.

Loar Stock Performance

Shares of Loar stock opened at $66.00 on Monday. The firm has a fifty day moving average of $71.48 and a two-hundred day moving average of $77.06. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. Loar has a 52 week low of $42.57 and a 52 week high of $96.99.

Analyst Ratings Changes

Separately, Royal Bank of Canada decreased their price target on shares of Loar from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th.

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.