Wall Street analysts predict that Mercury Systems Inc (NASDAQ:MRCY) will report $0.30 earnings per share for the current quarter, Zacks reports. Five analysts have provided estimates for Mercury Systems’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.29. Mercury Systems reported earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 130.8%. The firm is scheduled to announce its next quarterly earnings results on Monday, January 22nd.
On average, analysts expect that Mercury Systems will report full year earnings of $1.35 per share for the current year, with EPS estimates ranging from $1.28 to $1.41. For the next financial year, analysts forecast that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.28 to $1.65. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The company had revenue of $106.10 million during the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The firm’s revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.22 earnings per share.
MRCY has been the subject of several research analyst reports. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price target for the company in a research note on Tuesday, October 31st. SunTrust Banks restated a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a research note on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday, October 24th. BidaskClub upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $51.83.
In other Mercury Systems news, Director Vincent Vitto sold 8,500 shares of the firm’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $52.04, for a total transaction of $442,340.00. Following the completion of the sale, the director now owns 79,539 shares in the company, valued at approximately $4,139,209.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $50.50, for a total value of $176,750.00. Following the sale, the chief operating officer now owns 372,940 shares of the company’s stock, valued at approximately $18,833,470. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,800 shares of company stock valued at $2,994,595. Insiders own 3.50% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of MRCY. Wells Fargo & Company MN grew its stake in Mercury Systems by 323.5% during the 2nd quarter. Wells Fargo & Company MN now owns 2,230,421 shares of the technology company’s stock valued at $93,878,000 after purchasing an additional 1,703,774 shares in the last quarter. Westfield Capital Management Co. LP bought a new position in Mercury Systems during the 3rd quarter worth approximately $14,576,000. State Street Corp lifted its holdings in Mercury Systems by 13.2% during the 2nd quarter. State Street Corp now owns 1,684,565 shares of the technology company’s stock worth $70,906,000 after buying an additional 196,075 shares during the last quarter. Nationwide Fund Advisors lifted its holdings in Mercury Systems by 189.8% during the 2nd quarter. Nationwide Fund Advisors now owns 280,946 shares of the technology company’s stock worth $11,825,000 after buying an additional 183,994 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Mercury Systems by 4.6% during the 2nd quarter. Vanguard Group Inc. now owns 4,118,060 shares of the technology company’s stock worth $173,329,000 after buying an additional 180,028 shares during the last quarter. Hedge funds and other institutional investors own 96.28% of the company’s stock.
Shares of Mercury Systems (NASDAQ:MRCY) traded down $0.35 during trading hours on Wednesday, reaching $51.30. The company’s stock had a trading volume of 168,321 shares, compared to its average volume of 270,006. The firm has a market capitalization of $2,470.00, a price-to-earnings ratio of 59.65, a PEG ratio of 4.32 and a beta of 0.23. Mercury Systems has a 12 month low of $29.31 and a 12 month high of $55.00.
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Mercury Systems Company Profile
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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