Loar (NYSE:LOAR) Updates FY 2024 Earnings Guidance

Loar (NYSE:LOARGet Free Report) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.410-0.430 for the period. The company issued revenue guidance of $370.0 million-$374.0 million.

Loar Trading Up 0.7 %

Loar stock opened at $47.23 on Wednesday. Loar has a one year low of $42.57 and a one year high of $54.32.

Insider Activity

In other news, Director M Chad Crow bought 71,429 shares of the company’s stock in a transaction dated Monday, April 29th. The stock was bought at an average price of $28.00 per share, for a total transaction of $2,000,012.00. Following the completion of the transaction, the director now directly owns 89,286 shares in the company, valued at approximately $2,500,008. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Loar Company Profile

(Get Free Report)

Loar Holdings Inc is a diversified manufacturer and supplier of niche aerospace and defense components for aircraft and aerospace and defense systems. Loar Holdings Inc is based in WHITE PLAINS, NY.

Further Reading

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