StandardAero (SARO) Projected to Post Quarterly Earnings on Monday

StandardAero (NYSE:SARO - Get Free Report) is expected to be releasing its Q1 2025 earnings data after the market closes on Monday, June 9th. Analysts expect StandardAero to post earnings of $0.17 per share for the quarter. StandardAero has set its FY 2025 guidance at EPS.

StandardAero (NYSE:SARO - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.51 billion. StandardAero's revenue for the quarter was up 16.2% compared to the same quarter last year. On average, analysts expect StandardAero to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

StandardAero Trading Up 0.9%

Shares of SARO traded up $0.27 on Monday, reaching $29.60. 1,621,761 shares of the company's stock were exchanged, compared to its average volume of 2,271,199. The business has a 50 day moving average price of $26.86 and a two-hundred day moving average price of $26.76. StandardAero has a 12 month low of $21.31 and a 12 month high of $34.38.

Insider Activity

In other news, major shareholder Private Ltd Gic sold 828,729 shares of the business's stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $27.30, for a total value of $22,624,301.70. Following the sale, the insider now owns 34,463,633 shares of the company's stock, valued at $940,857,180.90. The trade was a 2.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 12,983,425 shares of company stock worth $353,519,326 over the last quarter. 1.90% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On StandardAero

Large investors have recently modified their holdings of the business. Comerica Bank bought a new stake in StandardAero during the first quarter worth about $26,000. AQR Capital Management LLC bought a new stake in StandardAero during the first quarter worth about $521,000. Royal Bank of Canada raised its holdings in StandardAero by 418.8% during the first quarter. Royal Bank of Canada now owns 138,268 shares of the company's stock worth $3,682,000 after acquiring an additional 111,617 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in StandardAero during the first quarter worth about $6,821,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in StandardAero during the first quarter worth about $12,343,000.

Wall Street Analyst Weigh In

Several equities research analysts have commented on SARO shares. Morgan Stanley lowered their target price on shares of StandardAero from $33.00 to $32.00 and set an "equal weight" rating for the company in a research note on Friday, March 14th. UBS Group upped their target price on shares of StandardAero from $25.00 to $30.00 and gave the company a "neutral" rating in a research note on Tuesday, May 13th. Finally, Wall Street Zen raised shares of StandardAero from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $35.11.

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.