Moog (NYSE:MOG.A) Issues Quarterly Earnings Results, Beats Estimates By $0.28 EPS

Key Points

• Moog beat estimates, reporting EPS of $2.64 versus the $2.36 consensus (a $0.28 beat) on revenue of $1.05 billion, with revenue up 12.6% year-over-year.
• The stock rose about 8.8% to $332.78 after the results; Moog has a market capitalization of $10.56 billion and a price-to-earnings ratio of 41.08.
• Insider selling was reported (a VP and a director sold shares), trimming their positions, and insiders now own roughly 1.46% of the company.

Moog (NYSE:MOG.A - Get Free Report) released its earnings results on Friday. The aerospace company reported $2.64 EPS for the quarter, beating the consensus estimate of $2.36 by $0.28, Briefing.com reports. The firm had revenue of $1.05 billion during the quarter. Moog had a return on equity of 15.47% and a net margin of 6.38%.The business's revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.92 earnings per share.

Moog Trading Up 8.8%

Moog stock traded up $26.78 during trading on Friday, hitting $332.78. The company's stock had a trading volume of 161,317 shares, compared to its average volume of 296,066. The stock's fifty day moving average is $314.50 and its 200 day moving average is $268.64. Moog has a 1-year low of $162.55 and a 1-year high of $354.20. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.46 and a current ratio of 2.33. The stock has a market capitalization of $10.56 billion, a price-to-earnings ratio of 41.08 and a beta of 0.99.

Insider Transactions at Moog

In other Moog news, VP Paul Wilkinson sold 992 shares of the business's stock in a transaction dated Thursday, February 5th. The stock was sold at an average price of $329.80, for a total transaction of $327,161.60. Following the completion of the sale, the vice president owned 7,198 shares of the company's stock, valued at approximately $2,373,900.40. The trade was a 12.11% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Brenda Reichelderfer sold 2,000 shares of the business's stock in a transaction dated Thursday, March 12th. The shares were sold at an average price of $312.27, for a total value of $624,540.00. Following the sale, the director directly owned 2,585 shares of the company's stock, valued at approximately $807,217.95. This trade represents a 43.62% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.46% of the stock is currently owned by insiders.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and controls systems for original equipment manufacturers and end users in the aerospace, defense, and industrial markets worldwide. The company's Aircrafts Controls segment offers primary and secondary flight controls for military and commercial aircrafts; aftermarket support services; and ground-based navigation aids. Its Space and Defense Controls segment provides controls for satellites, space vehicles, launch vehicles, armored combat vehicles, tactical and strategic missiles, security and surveillance, and other defense applications; and gun aiming, stabilization, and automatic ammunition loading for armored combat vehicles.

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