Earnings from Moog and Becton, Dickinson

We had two more Buy List earnings reports. Becton, Dickinson (BDX), which I like a lot, saw its earnings rise to $1.25 a share for its fiscal fourth quarter which matched estimates. They made $1.11 for last year’s fourth quarter. Wall Street expects earnings next year of $5.09 which works out to a growth rate of 3%. This means the stock is currently going for about 13 times earnings.
As I’ve mentioned before, I haven’t been very pleased with Moog (MOG-A) this year. The stock is down about 30% and it’s the worst performer on the Buy List. For this past quarter, the company earned 35 cents a share which was less than half what they made for last year’s third quarter. They missed Wall Street’s call by a penny a share. For the second quarter, they missed the Street by 10 cents a share.
The only good news is that Moog sees EPS ranging between $2.15 and $2.35 for next year, which means the stock is somewhat reasonably priced.

Posted by on November 5th, 2009 at 12:08 pm


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