Loar (NYSE:LOAR) Posts Quarterly Earnings Results

Loar (NYSE:LOAR) issued its quarterly earnings data on Monday. The company reported $0.11 earnings per share 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 analysts’ expectations of $102.51 million. The business’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 Trading Down 2.6 %

Shares of LOAR stock opened at $66.00 on Monday. The stock’s 50-day moving average is $71.48 and its 200 day moving average is $77.06. Loar has a 1-year low of $42.57 and a 1-year 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.

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada lowered their target price on Loar from $100.00 to $92.00 and set an “outperform” rating for the company in a research 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.