Moog Inc. (MOG.A) Lowered to “Hold” at Zacks Investment Research
Moog Inc. (NYSE:MOG.A) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a 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, ValuEngine upgraded Moog from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.
Moog (NYSE:MOG.A) last announced its quarterly earnings data on Friday, April 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.02. The firm had revenue of $632.40 million during the quarter, compared to the consensus estimate of $610.63 million. Moog had a return on equity of 13.96% and a net margin of 5.38%. The business’s revenue for the quarter was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.85 EPS.
Moog Company Profile
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Moog Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Moog Inc. and related companies with MarketBeat.com's FREE daily email newsletter.