Moog Inc. (NYSE:MOG.A) Downgraded by Zacks Investment Research

Moog Inc. (NYSE:MOG.A) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “MOOG, is a worldwide manufacturer of precision control components and systems. Moog actuation devices control high-performance aircraft, strategic and tactical missiles and automated industrial machinery. Products include flight control servoactuators for use on aircraft, propulsion system components, special purpose pumps and filter assemblies, thermal management controls for space stations, pneumatic components and systems, radio control systems, brushless electric servomotors, and controls for industrial automation equipment. “

Separately, ValuEngine raised shares of Moog from a “hold” rating to a “buy” rating in a research note on Friday, June 2nd.

Moog (NYSE:MOG.A) last announced its quarterly earnings data on Friday, April 28th. The aerospace company reported $0.88 EPS for the quarter, beating the Zacks’ consensus estimate of $0.86 by $0.02. The firm had revenue of $632.40 million during the quarter, compared to the consensus estimate of $610.63 million. Moog had a net margin of 5.38% and a return on equity of 13.96%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 earnings per share.

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Moog Company Profile

Moog Inc is a designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace and defense and industrial markets. The Company has five segments: Aircraft Controls, Space and Defense Controls, Industrial Systems, Components and Medical Devices.

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