Shares of Mercury Systems Inc (NASDAQ:MRCY) have been assigned an average rating of “Buy” from the seven analysts that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $68.67.
MRCY has been the topic of a number of recent research reports. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Saturday, May 4th. BidaskClub upgraded Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 22nd. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating in a research note on Wednesday, May 1st. Finally, Canaccord Genuity restated a “buy” rating and set a $76.00 price objective (up previously from $64.00) on shares of Mercury Systems in a research note on Friday, April 26th.
Mercury Systems stock opened at $66.73 on Monday. Mercury Systems has a one year low of $35.57 and a one year high of $79.83. The company has a debt-to-equity ratio of 0.34, a quick ratio of 3.13 and a current ratio of 4.53. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 44.81, a P/E/G ratio of 3.95 and a beta of 1.16.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.42 EPS for the quarter, topping the Zacks’ consensus estimate of $0.38 by $0.04. Mercury Systems had a return on equity of 9.24% and a net margin of 6.99%. The firm had revenue of $174.60 million for the quarter, compared to analyst estimates of $165.61 million. During the same quarter last year, the company earned $0.30 EPS. The company’s revenue was up 50.1% on a year-over-year basis. Equities research analysts expect that Mercury Systems will post 1.52 earnings per share for the current fiscal year.
In other Mercury Systems news, CEO Mark Aslett sold 5,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The stock was sold at an average price of $62.58, for a total value of $312,900.00. Following the sale, the chief executive officer now owns 367,440 shares of the company’s stock, valued at approximately $22,994,395.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In the last ninety days, insiders sold 35,000 shares of company stock worth $2,393,200. Company insiders own 2.80% of the company’s stock.
Hedge funds have recently modified their holdings of the business. Rockefeller Capital Management L.P. acquired a new stake in shares of Mercury Systems in the 1st quarter valued at $42,000. Flagship Harbor Advisors LLC acquired a new stake in shares of Mercury Systems in the 1st quarter valued at $44,000. Fifth Third Bancorp boosted its holdings in shares of Mercury Systems by 51.3% in the 1st quarter. Fifth Third Bancorp now owns 920 shares of the technology company’s stock valued at $59,000 after purchasing an additional 312 shares in the last quarter. Advisors Preferred LLC acquired a new stake in shares of Mercury Systems in the 1st quarter valued at $106,000. Finally, Strs Ohio boosted its holdings in shares of Mercury Systems by 53.3% in the 4th quarter. Strs Ohio now owns 2,300 shares of the technology company’s stock valued at $108,000 after purchasing an additional 800 shares in the last quarter. 84.31% of the stock is currently owned by hedge funds and other institutional investors.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.
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