Moog Earns 85 Cents Per Share

I neglected to mention Moog’s ($MOG-A) earnings report from Friday. Moog isn’t a well-known company but it ought to be; they make flight control systems for commercial and military aircraft. Even though defense budgets have come under the knife in the U.S. and Europe, Moog is still doing well.

The company earned 85 cents per share for its fiscal third quarter which was a penny ahead of estimates. Moog had earned 73 cents per share in the same quarter one year ago. On the bad side, the company cut its 2012 revenue estimate just slightly from $2.47 billion to $2.45 billion. For 2013, they see full-year earnings ranging between $3.50 and $3.70.

If they hit $3.70 per share, that would be a very strong number. That means the stock is going for just under 10 times forward earnings. The stock is up about 2.5% today.

Posted by on July 30th, 2012 at 1:09 pm

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