News headlines about Mercury Systems (NASDAQ:MRCY) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mercury Systems earned a daily sentiment score of 0.24 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.0303636451023 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
These are some of the news stories that may have impacted Accern’s rankings:
Several equities research analysts have weighed in on MRCY shares. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 target price for the company in a report on Tuesday, October 31st. Robert W. Baird reiterated a “buy” rating and issued a $48.00 target price on shares of Mercury Systems in a report on Tuesday, October 24th. SunTrust Banks reiterated a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. BidaskClub upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Finally, Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Mercury Systems currently has an average rating of “Buy” and a consensus target price of $53.33.
Shares of Mercury Systems (NASDAQ MRCY) opened at $51.26 on Friday. The firm has a market capitalization of $2,480.00, a price-to-earnings ratio of 59.60, a P/E/G ratio of 4.28 and a beta of 0.23. Mercury Systems has a 12 month low of $30.37 and a 12 month high of $55.00.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.26 by $0.11. The firm had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The firm’s quarterly revenue was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.22 EPS. analysts forecast that Mercury Systems will post 1.12 EPS for the current year.
In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Thursday, November 16th. The stock was sold at an average price of $50.11, for a total value of $481,056.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Gerald M. Haines II sold 2,500 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $50.41, for a total value of $126,025.00. Following the completion of the sale, the chief financial officer now owns 218,260 shares of the company’s stock, valued at $11,002,486.60. The disclosure for this sale can be found here. Insiders have sold a total of 62,300 shares of company stock valued at $3,171,165 over the last 90 days. 3.50% of the stock is currently owned by company insiders.
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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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