StandardAero (SARO) Scheduled to Post Quarterly Earnings on Wednesday

StandardAero (NYSE:SARO) will announce its earnings results after the market closes on Wednesday, November 13th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

StandardAero Price Performance

NYSE SARO opened at $29.90 on Tuesday. StandardAero has a twelve month low of $28.18 and a twelve month high of $34.38.

Insider Buying and Selling at StandardAero

In other StandardAero news, major shareholder Private Ltd Gic sold 2,900,552 shares of the firm’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $22.74, for a total value of $65,958,552.48. Following the transaction, the insider now owns 47,447,058 shares in the company, valued at approximately $1,078,946,098.92. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Wall Street Analysts Forecast Growth

SARO has been the subject of a number of recent research reports. Jefferies Financial Group initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “buy” rating and a $38.00 price objective for the company. Wolfe Research assumed coverage on StandardAero in a report on Monday, October 28th. They set an “outperform” rating and a $34.00 price objective on the stock. Bank of America assumed coverage on shares of StandardAero in a research note on Monday, October 28th. They issued a “neutral” rating and a $34.00 price objective for the company. Royal Bank of Canada started coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $37.00 target price for the company. Finally, Sanford C. Bernstein initiated coverage on shares of StandardAero in a research note on Monday, October 28th. They issued an “outperform” rating and a $39.00 target price for the company. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $35.89.

StandardAero Company Profile

StandardAero, Inc provides aerospace engine aftermarket services for fixed and rotary wing aircraft in the United States, Canada, the United Kingdom, Rest of Europe, Asia, and internationally. It operates in two segments, Engine Services and Component Repair Services. The Engine Services segment provides a suite of aftermarket services, including maintenance, repair and overhaul, on-wing and field service support, asset management, and engineering and related solutions to customers in the commercial aerospace, military and helicopter, and business aviation end markets.