StandardAero (NYSE:SARO) Announces Quarterly Earnings Results

StandardAero (NYSE:SARO - Get Free Report) issued its quarterly earnings results on Monday. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.17 by $0.02, Zacks reports. StandardAero updated its FY 2025 guidance to EPS.

StandardAero Stock Up 3.1%

StandardAero stock traded up $0.85 during midday trading on Monday, hitting $28.65. 3,044,790 shares of the stock were exchanged, compared to its average volume of 2,155,909. The company has a fifty day simple moving average of $26.60 and a two-hundred day simple moving average of $26.78. StandardAero has a 52 week low of $21.31 and a 52 week high of $34.38.

Insider Buying and Selling

In other StandardAero news, major shareholder Private Ltd Gic sold 6,629,834 shares of the firm's stock in a transaction that occurred on Thursday, March 27th. The shares were sold at an average price of $27.16, for a total transaction of $180,066,291.44. Following the sale, the insider now directly owns 40,817,224 shares in the company, valued at approximately $1,108,595,803.84. This trade represents a 13.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.90% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley dropped their price target on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating on the stock in a research report on Friday, March 14th. UBS Group lifted their target price on StandardAero from $27.00 to $28.00 and gave the company a "neutral" rating in a research note on Tuesday, March 11th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $34.89.

About StandardAero

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.