Loar (LOAR) Expected to Announce Quarterly Earnings on Monday

Loar (NYSE:LOAR) is anticipated to announce its earnings results before the market opens on Monday, March 31st. Analysts expect the company to announce earnings of $0.11 per share and revenue of $102.51 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Loar Stock Down 2.6 %

Shares of Loar stock opened at $66.00 on Friday. The company has a quick ratio of 2.28, a current ratio of 3.95 and a debt-to-equity ratio of 0.78. Loar has a 1-year low of $42.57 and a 1-year high of $96.99. The firm’s 50-day moving average price is $71.48 and its two-hundred day moving average price is $77.03.

Analyst Upgrades and Downgrades

Separately, Royal Bank of Canada reduced their price objective on Loar from $100.00 to $92.00 and set an “outperform” rating on the stock in a research note on Monday, February 24th.

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.