Loar (LOAR) Set to Announce Quarterly Earnings on Wednesday

Loar (NYSE:LOAR) is scheduled to post its quarterly earnings results before the market opens on Wednesday, November 13th. Analysts expect Loar to post earnings of $0.11 per share for the quarter. Loar has set its FY24 guidance at $0.44-0.46 EPS and its FY 2024 guidance at 0.440-0.460 EPS.

Loar (NYSE:LOAR) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates 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% on a year-over-year basis.

Loar Trading Up 0.8 %

Shares of NYSE LOAR opened at $84.32 on Thursday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 3.09 and a current ratio of 4.86. The business has a 50 day moving average price of $77.03. Loar has a 52-week low of $42.57 and a 52-week high of $92.17.

Analysts Set New Price Targets

Several research analysts have issued reports on LOAR shares. Citigroup raised their target price on Loar from $64.00 to $88.00 and gave the stock a “buy” rating in a research report on Tuesday, August 20th. Royal Bank of Canada restated an “outperform” rating and set a $80.00 target price on shares of Loar in a research report on Monday, October 7th. Finally, Morgan Stanley increased their price target on shares of Loar from $70.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th.

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.