Moog Inc (MOG.A) reported quarterly earnings results on Friday, Apr-29-2016. The company said it had a profit of $0.85 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.80. The company posted revenue of $611.42 million in the period, compared to analysts expectations of $607.31 million. The company’s revenue was down -4.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.96 EPS.
Many Wall Street Analysts have commented on Moog Inc. Moog Inc was Downgraded by BofA/Merrill to ” Underperform” on Mar 10, 2016.
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 Companys 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.