Moog (MOG.A) Updates FY13 Earnings Guidance - InvestingChannel

Moog (MOG.A) Updates FY13 Earnings Guidance

Moog (MOG.A) issued an update on its FY13 earnings guidance on Friday morning. The company provided earnings per share guidance of $3.50-3.60 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.60. The company issued revenue guidance of $2.62 billion, compared to the consensus revenue estimate of $2.63 billion. The stock?s 50-day moving average is currently $N.

Moog last issued its quarterly earnings data on Friday, January 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by $0.06. The company had revenue of $621.00 million for the quarter, compared to the consensus estimate of $600.00 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. The company?s revenue for the quarter was up 3.4% on a year-over-year basis. Moog has set its FY13 guidance at $3.50-3.60 EPS.

A number of analysts have recently weighed in on MOG.A shares. Analysts at Cowen reiterated an outperform rating on shares of Moog in a research note to investors on Wednesday, January 2nd. Analysts at Sidoti upgraded shares of Moog from a neutral rating to a buy rating in a research note to investors on Friday, December 21st.

Moog Inc. (Moog) is a global designer, manufacturer and integrator of precision motion and fluid controls and systems for a range of applications in aerospace and defense, industrial and medical markets.