Mercury Systems Inc (NASDAQ:MRCY) – Analysts at SunTrust Banks raised their FY2018 EPS estimates for Mercury Systems in a research report issued on Monday, Zacks Investment Research reports. SunTrust Banks analyst M. Ciarmoli now expects that the technology company will post earnings of $1.28 per share for the year, up from their previous forecast of $1.13. SunTrust Banks currently has a “Buy” rating and a $61.00 target price on the stock. SunTrust Banks also issued estimates for Mercury Systems’ FY2019 earnings at $1.68 EPS.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to the consensus estimate of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.22 earnings per share.
Other research analysts also recently issued reports about the stock. Zacks Investment Research downgraded shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Thursday, December 28th. Robert W. Baird upped their price target on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. BidaskClub cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $53.33.
Shares of Mercury Systems (NASDAQ:MRCY) traded down $0.45 during mid-day trading on Wednesday, hitting $51.26. 276,882 shares of the stock traded hands, compared to its average volume of 265,190. The stock has a market capitalization of $2,480.00, a P/E ratio of 59.60, a PEG ratio of 4.28 and a beta of 0.23. Mercury Systems has a fifty-two week low of $30.37 and a fifty-two week high of $55.00.
In other news, Director Vincent Vitto sold 8,500 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $52.04, for a total transaction of $442,340.00. Following the completion of the transaction, the director now owns 79,539 shares in the company, valued at $4,139,209.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Aslett sold 4,800 shares of the company’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $49.92, for a total transaction of $239,616.00. Following the transaction, the chief executive officer now owns 509,782 shares of the company’s stock, valued at approximately $25,448,317.44. The disclosure for this sale can be found here. Insiders have sold 62,300 shares of company stock worth $3,171,165 over the last three months. 3.50% of the stock is owned by corporate insiders.
Several institutional investors have recently added to or reduced their stakes in MRCY. Bank of Montreal Can grew its position in shares of Mercury Systems by 29.2% during the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after acquiring an additional 556 shares during the last quarter. Advisor Group Inc. grew its position in shares of Mercury Systems by 97.8% during the third quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after acquiring an additional 1,264 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Mercury Systems by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after acquiring an additional 195 shares during the last quarter. Shelton Capital Management bought a new position in shares of Mercury Systems during the second quarter worth about $200,000. Finally, Flinton Capital Management LLC grew its position in shares of Mercury Systems by 72.3% during the second quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after acquiring an additional 2,040 shares during the last quarter. Institutional investors and hedge funds own 96.28% of the company’s stock.
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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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