Loar Holdings Earnings Expected Soon; Top Analysts Update Predictions
Loar Holdings Inc., based in White Plains, New York, is set to announce its fourth-quarter financial performance on Monday, March 31, after the market closes. Analysts are predicting earnings of 10 cents per share and quarterly revenue in the realm of $102.54 million. This information, sourced from Benzinga Pro, provides insight into the company’s financial standing.
In what seems like a positive development for the company, on March 3, Loar Holdings promoted TC Queener to the position of Executive Vice President. This move could signal a strategic decision by the company to strengthen its leadership team and drive growth and profitability.
Despite these potential positive signs, Loar Holdings saw a decline in its share price by 2.6% on Friday, closing at $65.97. This decline could be attributed to various factors in the market, including investor sentiment, economic conditions, or overall industry performance.
For readers interested in delving deeper into Loar Holdings and its performance, Benzinga offers access to the latest analyst ratings on the Analyst Stock Ratings page. This resource allows readers to filter information based on stock ticker, company name, analyst firm, rating change, and other variables, providing a comprehensive overview of expert opinions and analysis.
Looking back at recent analyst activities, RBC Capital analyst Ken Herbert maintained an Outperform rating on the company while adjusting the price target from $100 to $92 on February 24, 2025. Morgan Stanley analyst Kristine Liwag also maintained an Equal-Weight rating but raised the price target from $75 to $89 on November 18, 2024. These insights from industry experts provide valuable perspectives on the company’s future prospects and performance.
For investors considering buying shares of LOAR stock, it is essential to weigh these analyst opinions and insights in making informed decisions. Each analyst’s rating and price target adjustments offer a glimpse into the company’s potential trajectory and profitability in the market.
In conclusion, with the upcoming release of its fourth-quarter financial results, Loar Holdings remains in the spotlight for investors and analysts alike. Stay tuned for further updates on the company’s performance and potential for growth in the market.