SARO
StandardAero, Inc.SARO
SARO
About: StandardAero Inc is a provider of aftermarket services for fixed and rotary wing aircraft gas turbine engines and auxiliary power units (APUs) to the commercial, business, and military aircraft markets. It also provides aftermarket and upgrade services for business aviation and helicopter airframes and avionics. It operates in two segments Engine Services and Component Repair Services. The group generates the majority of its revenue from the Engine Services segment which provides engine and airframe maintenance, repair, overhaul, and related services to customers in the Commercial Aerospace, Military & Helicopter, and Business Aviation end markets.
–
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 9 analysts
Fund manager confidence
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$32
25%
upside
Avg. target
$36
40%
upside
High target
$39
53%
upside
9 analyst ratings
6 positive
67%
3 neutral
33%
0 negative
0%
B of A Securities Ronald Epstein 50% 1-year accuracy 15 / 30 met price target | 25%upside $32 | Neutral Maintained | 27 Nov 2024 |
CIBC | 49%upside $38 | Outperformer Initiated | 28 Oct 2024 |
RBC Capital Ken Herbert 48% 1-year accuracy 33 / 69 met price target | 45%upside $37 | Outperform Initiated | 28 Oct 2024 |
Wolfe Research Myles Walton 25% 1-year accuracy 1 / 4 met price target | 33%upside $34 | Outperform Initiated | 28 Oct 2024 |
UBS Gavin Parsons 56% 1-year accuracy 10 / 18 met price target | 33%upside $34 | Neutral Initiated | 28 Oct 2024 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
CCC, StandardAero sign contract worth over $80M to repair U.S. Navy surface fleet engines
OTTAWA, Ontario, Nov. 20, 2024 (GLOBE NEWSWIRE) -- CCC is pleased to announce that it was awarded an indefinite delivery/indefinite quantity (IDIQ) contract worth over $80 million from the United States Department of Defense (U.S. DoD) for engine repair services by StandardAero. Under CCC's contract, StandardAero will repair 501-K34 Turbine Engines used by the U.S. Navy surface fleet. The 501-K34 is used in a variety of ships for power generation and mechanical drive applications.
Neutral
Business Wire
1 month ago
StandardAero Announces Third Quarter 2024 Earnings
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero (NYSE: SARO) announced results today for its third quarter ended September 30, 2024 (“Third Quarter 2024”). Third Quarter 2024 Highlights Revenue increased 13.2% year-over-year to $1,244.6 million Net Income was $16.4 million; Net Income Margin was 1.3% Adjusted EBITDA increased 26.0% year-over-year to $168.4 million Adjusted EBITDA Margin was 13.5%, an increase of 137 basis points compared to the prior year's quarter Capital expenditures were $2.
Neutral
Business Wire
1 month ago
StandardAero Announces Third Quarter 2024 Earnings Release and Conference Call Date
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (NYSE: SARO) will report its third quarter 2024 earnings results after the market closes on Wednesday, November 13, 2024. StandardAero will hold a conference call to discuss the results at 5:00 PM ET that day. A live webcast of the conference call will be made available on the Events section of StandardAero's investor relations website at https://ir.standardaero.com/news-events/events. The earnings release and presentation will also be post.
Positive
Seeking Alpha
2 months ago
U.S. IPO Weekly Recap: Standard Aero Soars In 7-IPO Week, While Big Tech Names Join Pipeline
Seven IPOs debuted in the US this past week, raising a combined $1.8 billion. Six companies submitted initial filings this past week, most notably Ingram Micro and Cerebras Systems. As many as six companies are expected to price their IPOs in the upcoming week, including two large deals.
Positive
Seeking Alpha
2 months ago
StandardAero: Flying High Out Of The Gate
StandardAero's IPO saw shares surge 36%, leading to a high valuation of around 40 times earnings, making the stock unattractive to me at current levels. The company, a leading provider of aerospace engine aftermarket services, has shown strong revenue growth but commands high valuations, while it carries some debt. Despite solid financial performance, the high valuation and risks such as oil prices, labor market, and competition make the stock a risky investment.
Positive
Bloomberg Markets and Finance
2 months ago
Market Is Validating Value of StandardAero, CEO Says
StandardAero CEO Russell Ford discusses the aircraft maintenance services provider's trading debut and the state of the aerospace industry on Bloomberg Television. StandardAero shares climbed 31% in the company's trading debut, after the firm and some of its investors raised $1.44 billion in an IPO.
Positive
Reuters
2 months ago
StandardAero valued at $10.4 bln as shares jump in NYSE debut
StandardAero's shares opened 29% above the initial public offering price in their market debut on Wednesday, giving the Carlyle-backed aviation maintenance services provider a market value of about $10.4 billion.
Positive
CNBC Television
2 months ago
StandardAero CEO on IPO and growth plan
Russell Ford, StandardAero CEO, joins CNBC's 'Money Movers' to discuss the company's nearly $1.5 billion raised in its initial public offering, growth plans for the future, and more.
Positive
Market Watch
2 months ago
StandardAero's IPO raises $1.44 billion and prices above its estimate range
Jet-engine aftermarket company prices above the top of its range for its trading debut on Wednesday.
Neutral
Business Wire
2 months ago
StandardAero Announces Pricing of its Upsized Initial Public Offering
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (“StandardAero”) announced today the pricing of its initial public offering of 60,000,000 shares of its common stock, at a public offering price of $24.00 per share. The shares include 53,250,000 shares to be issued and sold by StandardAero and 6,750,000 shares to be sold by existing stockholders. The size of the offering was upsized from the previously announced 46,500,000 shares. Shares of StandardAero common stock are expected to begin t.
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