Moog Beat By a Penny

One more Buy List stock report. Moog (MOG-A) earned 64 cents per share which beat Wall Street’s estimates by a penny a share.
In 2008, Moog earned $2.75 per share and that dropped to $1.98 per share last year. Last November, Moog said to expect EPS for this fiscal year (ending in September) between $2.15 and $2.35. They reiterated that in February. Then in May, Moog said to expect $2.35 per share which they reiterated today. On top of that, they gave an estimate for FY 2011 of $2.70 a share.
The CEO also had something interesting to say:

With third-quarter profits up 83.6 percent and earnings per share rocketing 73 percent, respectively, Robert Brady, the chairman of Moog, declared the recession is over for the aerospace and defense manufacturer.

The stock was up 2.8% today and it’s our third best-performing stock this year.

Posted by on July 30th, 2010 at 8:39 pm

The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.