Zacks: Brokerages Expect Mercury Systems Inc (MRCY) Will Post Earnings of $0.30 Per Share
Equities research analysts forecast that Mercury Systems Inc (NASDAQ:MRCY) will announce $0.30 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Mercury Systems’ earnings. The lowest EPS estimate is $0.29 and the highest is $0.31. Mercury Systems reported earnings of $0.13 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 130.8%. The company is expected to report its next quarterly earnings report on Monday, January 22nd.
According to Zacks, analysts expect that Mercury Systems will report full year earnings of $1.35 per share for the current financial year, with EPS estimates ranging from $1.28 to $1.41. For the next year, analysts expect that the firm will report earnings of $1.50 per share, with EPS estimates ranging from $1.28 to $1.65. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The company had revenue of $106.10 million for the quarter, compared to analyst estimates of $105.18 million. During the same period in the previous year, the company posted $0.22 EPS. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year.
Several equities analysts have recently issued reports on MRCY shares. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Mercury Systems in a research note on Friday, July 7th. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, August 3rd. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Mercury Systems in a research note on Monday, October 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $48.00 price objective on shares of Mercury Systems in a research note on Tuesday, October 24th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Mercury Systems has a consensus rating of “Buy” and an average price target of $51.17.
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In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of the firm’s stock in a transaction dated Tuesday, September 12th. The shares were sold at an average price of $47.32, for a total value of $454,272.00. Following the completion of the transaction, the insider now directly owns 519,382 shares in the company, valued at $24,577,156.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Charles A. Speicher sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 7th. The stock was sold at an average price of $44.09, for a total transaction of $308,630.00. Following the completion of the transaction, the vice president now owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,700 shares of company stock valued at $1,359,984. Corporate insiders own 3.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Prudential Financial Inc. boosted its holdings in shares of Mercury Systems by 1.9% in the third quarter. Prudential Financial Inc. now owns 82,050 shares of the technology company’s stock worth $4,257,000 after buying an additional 1,520 shares during the period. Crossmark Global Holdings Inc. acquired a new position in shares of Mercury Systems in the third quarter worth about $835,000. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Mercury Systems in the third quarter worth about $647,000. LS Investment Advisors LLC boosted its holdings in shares of Mercury Systems by 24.9% in the third quarter. LS Investment Advisors LLC now owns 6,457 shares of the technology company’s stock worth $335,000 after buying an additional 1,288 shares during the period. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of Mercury Systems in the second quarter worth about $437,000. Institutional investors own 96.35% 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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