Moog Inc. (MOG.A) Announces Quarterly Earnings Results
Moog Inc. (NYSE:MOG.A) announced its quarterly earnings results on Friday. The aerospace company reported $1.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.95 by $0.12, Briefing.com reports. Moog had a net margin of 5.50% and a return on equity of 14.06%. The firm had revenue of $649.30 million during the quarter, compared to the consensus estimate of $616.72 million. During the same period last year, the firm earned $1.16 EPS. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. Moog updated its FY18 guidance to $3.90-4.30 EPS.
Moog (NYSE:MOG.A) traded down $3.10 during midday trading on Friday, hitting $85.80. 112,040 shares of the stock were exchanged, compared to its average volume of 89,802. Moog has a 52 week low of $55.35 and a 52 week high of $89.38. The company has a market cap of $3.07 billion, a P/E ratio of 22.28 and a beta of 1.85. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.18 and a quick ratio of 1.51.
A number of analysts have recently issued reports on the stock. Cowen and Company reaffirmed a “hold” rating on shares of Moog in a report on Friday. Zacks Investment Research downgraded shares of Moog from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, ValuEngine downgraded shares of Moog from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $80.50.
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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.
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