Posts Tagged ‘MOG-A’

  • Afternoon Market Update
    , May 3rd, 2011 at 2:46 pm

    The stock market is pulling back again today. The pain is particularly being felt among cyclical stocks. That usually means that our stocks are outperforming the market and that’s what’s happening today.

    Energy stocks and materials stocks are down the most today. Of all the energy stocks in the S&P 500, ExxonMobil ($XOM) is down the least.

    I had mentioned that I found the market’s reaction to Becton Dickinson’s ($BDX) earnings to be baffling. Fortunately, the stock has regained its bearings and it hit a new 52-week high yesterday.

    Johnson & Johnson ($JNJ) is finally starting to creep higher. The company had a very good earnings report two weeks ago, plus it raised guidance. I didn’t realize this at the time, but I suspect that some traders were expecting an earnings miss. The shares have continued to rise which may reflect a vote of confidence for the Synthes deal.

    I’m surprised to see Moog (MOG-A) react so poorly to what I thought was a very good earnings report. If you haven’t noticed, the stock market isn’t always rational.

    Speaking of which, Nicholas Financial ($NICK) is due to report tomorrow. I’m expecting a very good earnings figure (40 cents per share). I think NICK is a $17 stock.

  • Moog Beats and Guides Higher
    , May 2nd, 2011 at 8:37 am

    The futures market indicates that stocks are poised to open higher today on the news of Bin Laden’s demise. The S&P 500 may break 1370 today and we could make a run at 1400 which we haven’t seen in nearly three years.

    We had another Buy List earnings report this morning. Moog ($MOG-A) reported fiscal Q2 earnings of 66 cents per share which was two cents more than estimates. Even better news is that the company is raising its full-year guidance from $2.75 per share to $2.80 per share.

    This is the second time Moog has raised guidance. Three months ago, Moog beat earnings by ten cents per share and they raised full-year guidance from $2.70 per to $2.75 per share.

    Moog Inc which makes precision control components, posted better-than-expected quarterly results, helped in part by a 30 percent increase in sales at its industrial systems segment, and raised its full-year outlook for the second time.

    Moog, whose products are used in aircraft, satellites and industrial machinery, now expects full-year earnings of $2.80 a share, up from its prior forecast of $2.75 a share.

    The company raised its revenue forecast to $2.27 billion from $2.25 billion.

    For the quarter ended April 2, Moog’s net income was $30.6 million, or 66 cents a share, compared with $25 million, or 55 cents a share, a year ago.

    Revenue rose about 13 percent to $574.2 million. Industrial systems sales increased to $156 million. Sales from aircraft controls, Moog’s largest segment, and space and defense controls segment also rose.

    Analysts expected earnings of 64 cents a share on revenue of $551 million, according to Thomson Reuters I/B/E/S.