Loar (NYSE:LOAR) Updates FY 2025 Earnings Guidance

Loar (NYSE:LOAR) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.670-0.720 for the period, compared to the consensus estimate of 0.670. The company issued revenue guidance of $470.0 million-$480.0 million, compared to the consensus revenue estimate of $482.9 million. Loar also updated its FY 2024 guidance to EPS.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on LOAR. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $100.00 target price on shares of Loar in a research note on Thursday, November 14th. Morgan Stanley boosted their price target on shares of Loar from $75.00 to $89.00 and gave the company an “equal weight” rating in a research note on Monday, November 18th.

Loar Stock Performance

Shares of LOAR traded down $0.74 during midday trading on Thursday, hitting $69.61. The company had a trading volume of 217,309 shares, compared to its average volume of 353,679. Loar has a 1 year low of $42.57 and a 1 year high of $96.99. The company’s 50-day simple moving average is $75.91 and its 200-day simple moving average is $77.48. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95.

Insider Buying and Selling at Loar

In other Loar news, insider Michael J. Manella sold 28,153 shares of the company’s stock in a transaction on Thursday, December 12th. The shares were sold at an average price of $81.17, for a total value of $2,285,179.01. Following the completion of the transaction, the insider now owns 580,388 shares in the company, valued at $47,110,093.96. This represents a 4.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Raja Bobbili sold 987,248 shares of the firm’s stock in a transaction dated Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $80,134,920.16. Following the transaction, the director now directly owns 36,713,441 shares in the company, valued at approximately $2,980,030,005.97. The trade was a 2.62 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 1,135,706 shares of company stock worth $92,185,256 over the last ninety days.

Loar Company Profile

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.