Moog Inc. (MOG.A) Upgraded to “Hold” by Zacks Investment Research
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, TheStreet raised Moog from a hold rating to a buy rating in a research note on Friday, August 5th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Moog currently has an average rating of Hold and an average target price of $70.25.
Moog (NYSE:MOG.A) last announced its earnings results on Friday, July 29th. The company reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.12. The firm earned $613.26 million during the quarter, compared to analysts’ expectations of $639.26 million. Moog had a return on equity of 12.65% and a net margin of 5.04%. The business’s revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.05 EPS.
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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