Loar (NYSE:LOAR) Announces Quarterly Earnings Results, Hits Estimates

Loar (NYSE:LOAR) issued its quarterly earnings data 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 firm had revenue of $110.40 million for the quarter, compared to analyst estimates of $102.51 million. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. Loar updated its FY25 guidance to $0.70-0.75 EPS.

Loar Price Performance

Shares of LOAR opened at $66.00 on Monday. The company has a current ratio of 3.95, a quick ratio of 2.28 and a debt-to-equity ratio of 0.78. The stock has a 50 day simple moving average of $71.48 and a 200 day simple moving average of $77.06. Loar has a 52-week low of $42.57 and a 52-week high of $96.99.

Wall Street Analyst Weigh In

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