Mercury Systems (MRCY) Earning Somewhat Favorable Media Coverage, Analysis Finds

News coverage about Mercury Systems (NASDAQ:MRCY) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Mercury Systems earned a media sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 46.7133393190247 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern Sentiment’s analysis:

MRCY has been the topic of several recent research reports. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $48.00 price target on the stock in a research report on Thursday, April 26th. Citigroup reissued a “buy” rating and set a $61.00 price target on shares of Mercury Systems in a research report on Wednesday, January 24th. Bank of America reduced their price target on Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. Finally, Jefferies Group reissued a “hold” rating and set a $44.00 price target on shares of Mercury Systems in a research report on Thursday, April 26th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $51.33.

Shares of Mercury Systems opened at $35.57 on Friday, according to Marketbeat Ratings. Mercury Systems has a 52-week low of $30.11 and a 52-week high of $55.00. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 37.44, a price-to-earnings-growth ratio of 3.11 and a beta of 0.41. The company has a current ratio of 3.95, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, April 24th. The technology company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($0.05). Mercury Systems had a net margin of 8.68% and a return on equity of 6.83%. The business had revenue of $116.30 million during the quarter, compared to analyst estimates of $128.45 million. During the same period in the previous year, the company earned $0.29 earnings per share. The business’s revenue for the quarter was up 8.4% on a year-over-year basis. sell-side analysts expect that Mercury Systems will post 1.11 earnings per share for the current fiscal year.

In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $47.14, for a total value of $452,544.00. Following the transaction, the insider now directly owns 452,182 shares of the company’s stock, valued at approximately $21,315,859.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Michael Ruppert bought 3,100 shares of the business’s stock in a transaction on Monday, May 7th. The stock was acquired at an average cost of $32.66 per share, for a total transaction of $101,246.00. Following the completion of the transaction, the chief financial officer now owns 120,346 shares in the company, valued at $3,930,500.36. The disclosure for this purchase can be found here. Over the last ninety days, insiders sold 33,200 shares of company stock worth $1,588,879. 3.50% of the stock is currently owned by corporate insiders.

Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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