Loar (NYSE:LOAR) Updates FY 2025 Earnings Guidance

Loar (NYSE:LOAR) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.670-0.720 for the period, compared to the consensus earnings per share 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.

Loar Stock Down 1.1 %

Shares of Loar stock traded down $0.74 on Thursday, hitting $69.61. The stock had a trading volume of 217,309 shares, compared to its average volume of 353,679. Loar has a twelve month low of $42.57 and a twelve month high of $96.99. The business’s 50 day moving average is $75.91 and its two-hundred day moving average is $77.48. The company has a debt-to-equity ratio of 0.78, a current ratio of 3.95 and a quick ratio of 2.28.

Analyst Upgrades and Downgrades

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

Insider Activity 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 stock was sold at an average price of $81.17, for a total transaction of $2,285,179.01. Following the completion of the sale, the insider now directly 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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Brett N. Milgrim sold 120,305 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was sold at an average price of $81.17, for a total value of $9,765,156.85. Following the sale, the chairman now owns 3,865,327 shares of the company’s stock, valued at $313,748,592.59. The trade was a 3.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,135,706 shares of company stock worth $92,185,256.

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.