Moog Inc (MOG.A) Upgraded to Hold by Zacks Investment Research
Moog Inc (NYSE:MOG.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.
According to Zacks, “MOOG, is a worldwide manufacturer of precision control components and systems. Moog actuation devices control high-performance aircraft, strategic and tactical missiles and automated industrial machinery. Products include flight control servoactuators for use on aircraft, propulsion system components, special purpose pumps and filter assemblies, thermal management controls for space stations, pneumatic components and systems, radio control systems, brushless electric servomotors, and controls for industrial automation equipment. “
Separately, SunTrust Banks, Inc. started coverage on Moog in a research note on Thursday, January 19th. They set a “hold” rating for the company.
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Moog (NYSE:MOG.A) last issued its quarterly earnings data on Friday, January 27th. The aerospace company reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The firm earned $589.70 million during the quarter, compared to analysts’ expectations of $583.15 million. Moog had a return on equity of 13.88% and a net margin of 5.39%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.71 EPS.
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Moog Inc is a designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace and defense and industrial markets. The Company has five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices.
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