Moog Earned 75 Cents per Share

This morning, Moog (MOG-A) became our final Buy List stock to report earnings for this season. The company reported fiscal Q4 earnings 75 cents per share. However, 13 cents went to “incremental restructuring and impairment costs.” The company also said that they were hit by four cents due to a higher-than-expected tax bill. Wall Street had been expecting 92 cents per share, and the company gave us a forecast of 91 cents per share.

The market doesn’t seem too upset with the earnings miss. The shares are currently up about 1%.

The good news is that they’re standing by their forecast for next year of $4 per share.

Fiscal ’15 was a challenging year for our company across multiple fronts,” said John Scannell, Chairman and CEO. “In the face of these challenges, we delivered solid earnings and record cash flow. We are projecting a stronger fiscal ’16 with earnings per share of $4.00, up 19% on sales growth of about 2%.”

This was a tough year for Moog. Earnings-per-share fell from $3.52 to $3.35. Sales fell 4.6% to $2.53 billion.

Posted by on November 6th, 2015 at 1:29 pm


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