Moog (NYSE:MOG.B) Shares Gap Up - Here's What Happened

Key Points

• Moog Inc. (NYSE:MOG.B) shares gapped up from a previous close of $188.86 to open at $202.05, indicating a strong market reaction.
• The company reported $2.37 earnings per share for its latest quarterly results, with a revenue of $971.36 million.
• Moog has recently declared a quarterly dividend of $0.29 per share, reflecting an annualized yield of 0.6% and a dividend payout ratio of 17.60%.

Shares of Moog Inc. (NYSE:MOG.B - Get Free Report) gapped up prior to trading on Tuesday . The stock had previously closed at $188.86, but opened at $202.05. Moog shares last traded at $202.50, with a volume of 655 shares trading hands.

Moog Stock Performance

The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.43. The firm's 50 day moving average is $189.21 and its 200-day moving average is $180.72. The stock has a market capitalization of $6.33 billion, a price-to-earnings ratio of 30.33 and a beta of 0.92.

Moog (NYSE:MOG.B - Get Free Report) last posted its earnings results on Friday, July 25th. The aerospace company reported $2.37 earnings per share (EPS) for the quarter. The firm had revenue of $971.36 million during the quarter. Moog had a net margin of 5.67% and a return on equity of 14.20%.

Moog Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 26th. Investors of record on Friday, August 8th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, August 8th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 0.6%. Moog's dividend payout ratio is currently 17.60%.

Moog Company Profile

Moog Inc designs, manufactures, and integrates precision motion and fluid controls and 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.