StandardAero (NYSE:SARO) Announces Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Key Points

• The earnings report for StandardAero (NYSE:SARO) showed an EPS of $0.20, missing analysts' expectations by $0.01.
• Despite the earnings miss, the company's revenue increased by 13.5% year-over-year, highlighting growth potential.
• Insider transactions revealed that major shareholder Private Ltd Gic sold over 5.5 million shares, reducing their ownership by 13.54%.

StandardAero (NYSE:SARO - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01), Zacks reports. StandardAero had a return on equity of 9.45% and a net margin of 2.37%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the company earned $0.02 EPS. The company's revenue for the quarter was up 13.5% compared to the same quarter last year. StandardAero updated its FY 2025 guidance to EPS.

StandardAero Trading Up 0.5%

NYSE:SARO traded up $0.12 during mid-day trading on Monday, hitting $26.67. 395,764 shares of the company's stock were exchanged, compared to its average volume of 2,351,271. The company has a 50 day simple moving average of $29.57 and a 200-day simple moving average of $28.10. The company has a current ratio of 2.00, a quick ratio of 1.37 and a debt-to-equity ratio of 0.95. StandardAero has a fifty-two week low of $21.31 and a fifty-two week high of $34.38. The firm has a market capitalization of $8.92 billion and a P/E ratio of 65.03.

Insider Buying and Selling

In related news, major shareholder Private Ltd Gic sold 828,729 shares of StandardAero stock in a transaction that occurred on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total transaction of $22,624,301.70. Following the sale, the insider directly owned 34,463,633 shares in the company, valued at $940,857,180.90. This trade represents a 2.35% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Institutional Investors Weigh In On StandardAero

Several institutional investors and hedge funds have recently made changes to their positions in SARO. Worldquant Millennium Advisors LLC bought a new position in StandardAero during the 2nd quarter worth approximately $2,962,000. PDT Partners LLC bought a new position in StandardAero during the 2nd quarter worth approximately $2,625,000. Cerity Partners LLC raised its holdings in StandardAero by 0.6% during the 2nd quarter. Cerity Partners LLC now owns 69,758 shares of the company's stock worth $2,208,000 after purchasing an additional 416 shares during the last quarter. Treasurer of the State of North Carolina raised its holdings in StandardAero by 37.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 66,172 shares of the company's stock worth $2,094,000 after purchasing an additional 17,982 shares during the last quarter. Finally, Rafferty Asset Management LLC raised its holdings in StandardAero by 44.7% during the 2nd quarter. Rafferty Asset Management LLC now owns 34,046 shares of the company's stock worth $1,078,000 after purchasing an additional 10,524 shares during the last quarter.

Analyst Ratings Changes

Several analysts recently weighed in on the company. CIBC dropped their price objective on StandardAero from $35.00 to $34.00 and set an "outperformer" rating for the company in a research report on Tuesday, July 8th. Wall Street Zen downgraded shares of StandardAero from a "buy" rating to a "hold" rating in a research note on Saturday, June 14th. Finally, UBS Group lifted their price target on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a report on Tuesday, May 13th. Four investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $34.67.

StandardAero Company Profile

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.