Moog Inc (MOG.A) Posts Quarterly Earnings Results
Moog Inc (NYSE:MOG.A) issued its quarterly earnings data on Friday. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by $0.11, Market Beat.com reports. The business earned $568 million during the quarter, compared to the consensus estimate of $609.66 million.
Several equities analysts have issued reports on MOG.A shares. Zacks Investment Research lowered Moog from a “hold” rating to a “sell” rating in a report on Monday, October 19th. Credit Suisse reissued a “neutral” rating and set a $67.00 price target (down previously from $74.00) on shares of Moog in a report on Thursday, December 3rd. DA Davidson reissued a “neutral” rating and set a $80.00 price target (down previously from $83.00) on shares of Moog in a report on Thursday, December 3rd. RBC Capital reissued a “sector perform” rating and set a $77.00 price target (down previously from $79.00) on shares of Moog in a report on Thursday, December 3rd. Finally, Gabelli raised Moog from a “hold” rating to a “buy” rating in a report on Monday. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $74.67.
Moog Inc. is a designer, manufacturer and integrator of precision motion control products and systems for a range of applications in aerospace and defense, and industrial markets. The Company’s systems control military and commercial aircraft, satellites and space vehicles, launch vehicles, missiles, industrial machinery, wind energy, marine applications and medical equipment. It operates through five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices. The Aircraft Controls segment provides equipment and services for aircraft. The Space and Defense Controls segment offers motion and flow control solutions, and systems for spacecraft. The Industrial Systems segment provides motion control solutions for industrial uses. The Components and Medical Devices segment provides electronic ambulatory infusion devices.

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