Moog (NYSE:MOG.A) Issues Earnings Results
Moog (NYSE:MOG.A) posted its earnings results on Friday. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.31 by $0.04, Briefing.com reports. The firm had revenue of $741.00 million during the quarter, compared to analysts’ expectations of $731.78 million. Moog had a net margin of 6.01% and a return on equity of 13.68%. The company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.15 earnings per share. Moog updated its FY19 guidance to $4.95-5.15 EPS.
MOG.A traded down $5.23 during trading on Friday, reaching $89.72. 261,851 shares of the company’s stock were exchanged, compared to its average volume of 144,269. Moog has a fifty-two week low of $68.37 and a fifty-two week high of $98.52. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.25 and a quick ratio of 1.54. The firm has a 50 day moving average of $90.74. The company has a market cap of $3.13 billion, a P/E ratio of 19.63 and a beta of 1.69.
A number of research firms have recently commented on MOG.A. Zacks Investment Research raised shares of HB Fuller from a “sell” rating to a “hold” rating in a research report on Wednesday, July 3rd. Cowen lifted their price target on shares of Expedia Group from $155.00 to $165.00 and gave the company an “outperform” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Moog presently has an average rating of “Buy” and a consensus target price of $103.00.
Moog Inc designs, manufactures, and integrates precision motion and fluid controls and systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids.
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