Separately, Zacks Investment Research downgraded Moog from a buy rating to a hold rating in a report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $70.25.
Moog (NYSE:MOG.A) last issued its quarterly earnings results on Friday, July 29th. The company reported $1.00 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.12. The business earned $613.26 million during the quarter, compared to the consensus estimate of $639.26 million. Moog had a return on equity of 12.65% and a net margin of 5.04%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $1.05 earnings per share.
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.
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