Mercury Systems Inc (NASDAQ:MRCY) Scheduled to Post Quarterly Earnings on Tuesday
Mercury Systems Inc (NASDAQ:MRCY) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 1st. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, April 25th. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. The business had revenue of $107.30 million for the quarter, compared to the consensus estimate of $105.54 million. Mercury Systems had a net margin of 6.48% and a return on equity of 4.58%. Mercury Systems’s revenue for the quarter was up 62.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS. On average, analysts expect Mercury Systems to post $0.87 EPS for the current fiscal year and $1.13 EPS for the next fiscal year.
Mercury Systems Inc (NASDAQ MRCY) traded down 0.73% on Thursday, hitting $43.54. 113,622 shares of the stock were exchanged. Mercury Systems Inc has a one year low of $21.52 and a one year high of $44.92. The company has a 50 day moving average of $41.60 and a 200 day moving average of $38.42. The stock has a market capitalization of $2.09 billion, a P/E ratio of 75.20 and a beta of 0.38.
In other news, Director Michael A. Daniels purchased 2,683 shares of the company’s stock in a transaction on Friday, April 28th. The shares were purchased at an average cost of $37.31 per share, with a total value of $100,102.73. Following the completion of the transaction, the director now owns 60,096 shares of the company’s stock, valued at approximately $2,242,181.76. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $39.92, for a total transaction of $383,232.00. Following the sale, the insider now directly owns 567,049 shares in the company, valued at $22,636,596.08. The disclosure for this sale can be found here. Insiders have sold 68,200 shares of company stock worth $2,719,188 over the last ninety days. Insiders own 4.30% of the company’s stock.
MRCY has been the subject of several recent research reports. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, April 27th. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $43.00 price target on shares of Mercury Systems in a research report on Wednesday, May 31st. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $42.67.
About Mercury Systems
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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