Moog Earns $1.05 per Share

Moog (MOG-A) just reported fiscal Q3 earnings of $1.05 per share which is 11 cents more than Wall Street’s forecast.

The Company updated its projections for fiscal 2015, ending October 3, 2015, to include sales of $2.53 billion, net earnings of $138 million and earnings per share of $3.50, reflecting additional restructuring costs.

That’s a decrease from the earlier guidance of $3.55 per share.

Last year, Moog earned $3.52 per share. They originally said they expected $4.25 per share for this year. That got lowered, first to $3.85, then to $3.55 and today to $3.50. But they see next year at $4.00 per share

The Company also provided its initial projections for fiscal 2016 with sales of $2.57 billion, net earnings of $148 million and earnings per share of $4.00, a 14% increase over fiscal 2015 guidance.

“Fiscal ’15 is turning out to be a year of multiple headwinds for our company,” said John Scannell, Chairman and CEO. “Despite this, our underlying businesses remain strong and we’re responding to the short term challenges to position our company for improvement in fiscal ’16 and beyond. Next year we’re forecasting a modest increase in sales, another year of strong cash flow and a 14% increase in earnings per share to $4.00.”

Posted by on July 31st, 2015 at 8:17 am

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