StandardAero, Inc. (SARO) has received a Zacks Rank #2 (Buy) upgrade, indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price soon.
StandardAero, Inc. (NYSE:SARO) will hold its Q4 2024 Earnings Conference Call on March 10, 2025, at 5:00 PM ET. The call will feature company leaders, including Alex Trapp, the Chief Strategy Officer, and Russell Ford, the Chairman and CEO. Various analysts from firms like JPMorgan and Jefferies will also participate in the discussion.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (NYSE: SARO) will announce its earnings for the fourth quarter and the entire fiscal year 2024 after the market closes on Monday, March 10, 2025. They will also host a conference call to discuss these results at 5:00 PM ET on the same day. A live webcast of the call can be accessed in the Events section of StandardAero's investor relations website at https://ir.standardaero.com/news-events/events.
OTTAWA, Ontario, Nov. 20, 2024 (GLOBE NEWSWIRE) -- CCC is happy to share that it has received an indefinite delivery/indefinite quantity (IDIQ) contract valued at over $80 million from the U.S. Department of Defense for engine repair services by StandardAero. Through this contract, StandardAero will be responsible for repairing 501-K34 Turbine Engines that are utilized by the U.S. Navy's surface fleet. The 501-K34 engines are essential for power generation and mechanical drive in various ships.
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--StandardAero, Inc. (NYSE: SARO) will announce its earnings for the third quarter of 2024 after the market closes on Wednesday, November 13, 2024. A conference call to discuss these results will take place at 5:00 PM ET on the same day. You can watch the live webcast of the call on the Events section of StandardAero's investor relations website at https://ir.standardaero.com/news-events/events, and the earnings release and presentation will also be available.
StandardAero's initial public offering (IPO) resulted in a 36% increase in share prices, giving it a valuation of about 40 times its earnings, which makes the stock less appealing to me right now. Although the company, known for its aerospace engine services, has experienced good revenue growth, it also has a significant amount of debt. The combination of its high valuation and potential risks like fluctuating oil prices, the labor market, and competition makes this stock a risky choice for investment.