Mercury Systems Inc (NASDAQ:MRCY) updated its second quarter earnings guidance on Tuesday. The company provided EPS guidance of $0.28-$0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $112.5-$116.5 million, compared to the consensus revenue estimate of $111.98 million.Mercury Systems also updated its FY18 guidance to $1.29-$1.35 EPS.

Several brokerages have weighed in on MRCY. Robert W. Baird restated a buy rating and issued a $48.00 target price on shares of Mercury Systems in a research note on Tuesday. SunTrust Banks, Inc. restated a buy rating on shares of Mercury Systems in a research note on Friday. Noble Financial restated a hold rating on shares of Mercury Systems in a research note on Thursday, August 3rd. Jefferies Group LLC reiterated a hold rating and set a $45.00 price objective on shares of Mercury Systems in a research note on Wednesday, August 2nd. Finally, Zacks Investment Research upgraded shares of Mercury Systems from a sell rating to a hold rating in a research note on Wednesday, October 4th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus price target of $47.83.

Mercury Systems Inc (NASDAQ MRCY) traded up 2.09% during midday trading on Tuesday, hitting $52.83. 359,940 shares of the stock traded hands. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 91.09 and a beta of 0.41. Mercury Systems Inc has a one year low of $23.43 and a one year high of $53.56. The company has a 50-day moving average price of $50.19 and a 200 day moving average price of $43.96.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The business had revenue of $106.10 million during the quarter, compared to analysts’ expectations of $105.18 million. During the same quarter in the prior year, the business posted $0.22 EPS. The company’s revenue for the quarter was up 21.1% on a year-over-year basis. Equities research analysts anticipate that Mercury Systems Inc will post $1.24 earnings per share for the current year.

In other news, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction on 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 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 is available at this link. Also, CFO Gerald M. Haines II sold 2,500 shares of the company’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $51.94, for a total transaction of $129,850.00. Following the completion of the transaction, the chief financial officer now owns 220,760 shares of the company’s stock, valued at approximately $11,466,274.40. The disclosure for this sale can be found here. In the last 90 days, insiders sold 23,900 shares of company stock valued at $1,120,368. Company insiders own 3.50% of the company’s stock.

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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.

Earnings History and Estimates for Mercury Systems (NASDAQ:MRCY)

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