$0.26 EPS Expected for Mercury Systems Inc (MRCY) This Quarter
Brokerages expect Mercury Systems Inc (NASDAQ:MRCY) to report earnings per share (EPS) of $0.26 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mercury Systems’ earnings, with estimates ranging from $0.24 to $0.29. Mercury Systems posted earnings per share of $0.10 during the same quarter last year, which suggests a positive year over year growth rate of 160%. The business is scheduled to announce its next quarterly earnings report on Tuesday, October 24th.
On average, analysts expect that Mercury Systems will report full year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.19 to $1.30. For the next year, analysts forecast that the company will report earnings of $1.46 per share, with EPS estimates ranging from $1.25 to $1.65. Zacks’ earnings per share averages are an average based on a survey of sell-side analysts that cover Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.08. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The firm had revenue of $115.60 million during the quarter, compared to the consensus estimate of $115.11 million. During the same period in the previous year, the firm posted $0.23 earnings per share. The business’s revenue was up 35.3% compared to the same quarter last year.
Several brokerages recently issued reports on MRCY. Zacks Investment Research lowered shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Jefferies Group LLC reiterated a “hold” rating and issued a $45.00 price target on shares of Mercury Systems in a research note on Wednesday, August 2nd. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Finally, BidaskClub upgraded shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Mercury Systems currently has an average rating of “Buy” and a consensus price target of $43.00.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 0.40% on Thursday, hitting $47.94. 109,706 shares of the stock were exchanged. Mercury Systems has a 12 month low of $21.52 and a 12 month high of $49.24. The company has a 50-day moving average price of $45.75 and a 200 day moving average price of $41.09. The company has a market cap of $2.31 billion, a PE ratio of 82.66 and a beta of 0.42.
In related news, VP Charles A. Speicher sold 7,000 shares of the stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the transaction, the vice president now directly owns 36,983 shares in the company, valued at approximately $1,630,580.47. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Mark Aslett sold 9,400 shares of the stock in a transaction dated Wednesday, June 14th. The stock was sold at an average price of $38.04, for a total transaction of $357,576.00. Following the completion of the transaction, the insider now owns 538,249 shares of the company’s stock, valued at $20,474,991.96. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Mercury Systems by 29.2% in the 2nd 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 in the last quarter. Flinton Capital Management LLC grew its position in Mercury Systems by 18.6% during the 1st quarter. Flinton Capital Management LLC now owns 2,822 shares of the technology company’s stock valued at $110,000 after purchasing an additional 442 shares during the last quarter. Private Advisor Group LLC purchased a new stake in Mercury Systems during the 1st quarter valued at about $116,000. Ameritas Investment Partners Inc. purchased a new stake in Mercury Systems during the 1st quarter valued at about $153,000. Finally, First Mercantile Trust Co. purchased a new stake in Mercury Systems during the 1st quarter valued at about $159,000. Institutional investors own 96.67% of the company’s stock.
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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