Loar (LOAR) Projected to Post Quarterly Earnings on Wednesday

Loar (NYSE:LOAR) is expected to issue its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect Loar to post earnings of $0.07 per share for the quarter.

Loar (NYSE:LOAR) last announced its earnings results on Wednesday, November 13th. The company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The firm had revenue of $103.52 million during the quarter, compared to the consensus estimate of $97.30 million. The company’s revenue was up 25.0% compared to the same quarter last year.

Loar Stock Up 0.3 %

NYSE:LOAR opened at $77.67 on Tuesday. The company’s 50-day simple moving average is $78.79 and its 200-day simple moving average is $76.99. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.28 and a current ratio of 3.95. Loar has a fifty-two week low of $42.57 and a fifty-two week high of $96.99.

Wall Street Analyst Weigh In

LOAR has been the subject of a number of research analyst reports. Morgan Stanley increased 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. Royal Bank of Canada reaffirmed an “outperform” rating and set a $100.00 price target on shares of Loar in a research report on Thursday, November 14th.

Insider Activity

In other news, Chairman Brett N. Milgrim sold 120,305 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $81.17, for a total transaction of $9,765,156.85. Following the sale, the chairman now directly owns 3,865,327 shares of the company’s stock, valued at $313,748,592.59. This represents a 3.02 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Michael J. Manella sold 28,153 shares of Loar stock in a transaction dated 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 of the company’s stock, valued at approximately $47,110,093.96. This represents a 4.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,135,706 shares of company stock valued at $92,185,256 in the last quarter.

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.