Loar (NYSE:LOAR) Releases FY 2025 Earnings Guidance

Loar (NYSE:LOAR - Get Free Report) updated its FY 2025 earnings guidance on Saturday. The company provided EPS guidance of 0.710-0.760 for the period, compared to the consensus EPS estimate of 0.680. The company issued revenue guidance of $482.0 million-$490.0 million, compared to the consensus revenue estimate of $488.2 million.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Citigroup raised their price target on Loar from $91.00 to $99.00 and gave the company a "buy" rating in a research note on Thursday, May 15th. Wall Street Zen raised Loar from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $92.00 price objective on shares of Loar in a research report on Tuesday, April 1st. Finally, Morgan Stanley began coverage on Loar in a research report on Friday, May 23rd. They issued an "overweight" rating and a $100.00 price objective for the company. Five research analysts have rated the stock with a buy rating, According to MarketBeat.com, Loar currently has an average rating of "Buy" and an average price target of $89.00.

Loar Stock Performance

NYSE:LOAR traded up $1.16 during mid-day trading on Monday, hitting $88.21. 932,123 shares of the stock were exchanged, compared to its average volume of 517,292. The stock has a market capitalization of $8.25 billion and a price-to-earnings ratio of 232.13. The firm's 50-day simple moving average is $85.23 and its 200 day simple moving average is $79.46. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar has a fifty-two week low of $51.50 and a fifty-two week high of $99.67.

Loar (NYSE:LOAR - Get Free Report) last released its quarterly earnings results on Monday, March 31st. The company reported $0.11 earnings per share for the quarter, hitting the consensus estimate of $0.11. The firm had revenue of $110.40 million for the quarter, compared to analyst estimates of $102.51 million. Loar's quarterly revenue was up 27.8% on a year-over-year basis. As a group, equities analysts anticipate that Loar will post 0.28 EPS for the current fiscal year.

Insider Buying and Selling

In other Loar news, Director Raja Bobbili sold 690,258 shares of Loar stock in a transaction on Friday, May 16th. The stock was sold at an average price of $80.91, for a total value of $55,848,774.78. Following the completion of the transaction, the director now directly owns 31,438,420 shares of the company's stock, valued at $2,543,682,562.20. The trade was a 2.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brett N. Milgrim sold 558,695 shares of Loar stock in a transaction on Friday, May 16th. The shares were sold at an average price of $80.91, for a total value of $45,204,012.45. Following the completion of the transaction, the chairman now directly owns 3,306,632 shares of the company's stock, valued at $267,539,595.12. This represents a 14.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 5,742,872 shares of company stock valued at $464,655,774.

Hedge Funds Weigh In On Loar

A hedge fund recently raised its stake in Loar stock. Royal Bank of Canada raised its stake in Loar Holdings, LLC (NYSE:LOAR - Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,310 shares of the company's stock after acquiring an additional 1,081 shares during the period. Royal Bank of Canada's holdings in Loar were worth $1,082,000 at the end of the most recent quarter.

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.