Equities research analysts forecast that Mercury Systems Inc (NASDAQ:MRCY) will post earnings per share (EPS) of $0.30 for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mercury Systems’ earnings, with estimates ranging from $0.29 to $0.31. Mercury Systems posted earnings per share of $0.13 in the same quarter last year, which would suggest a positive year over year growth rate of 130.8%. The company is expected to report its next earnings results 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 fiscal year, with EPS estimates ranging from $1.28 to $1.41. For the next year, analysts anticipate that the business will post earnings of $1.50 per share, with EPS estimates ranging from $1.28 to $1.65. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 EPS for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company had revenue of $106.10 million during the quarter, compared to the consensus estimate of $105.18 million. During the same period in the prior year, the business posted $0.22 EPS. The company’s quarterly revenue was up 21.1% on a year-over-year basis.

A number of analysts have recently issued reports on MRCY shares. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research note on Thursday, October 26th. SunTrust Banks, Inc. restated a “buy” rating on shares of Mercury Systems in a research report on Friday, October 20th. Zacks Investment Research lowered Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. Robert W. Baird upped their price objective on Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 25th. Finally, Jefferies Group LLC restated a “hold” rating and issued a $45.00 price objective on shares of Mercury Systems in a research report on Wednesday, August 2nd. Two analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Mercury Systems currently has a consensus rating of “Buy” and a consensus target price of $51.17.

Mercury Systems (NASDAQ MRCY) traded up $1.92 during mid-day trading on Wednesday, reaching $53.01. 388,700 shares of the company’s stock were exchanged, compared to its average volume of 419,707. Mercury Systems has a fifty-two week low of $29.11 and a fifty-two week high of $54.49. The company has a market capitalization of $2,520.00, a PE ratio of 54.94, a price-to-earnings-growth ratio of 4.01 and a beta of 0.22.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $50.34, for a total value of $176,190.00. Following the completion of the sale, the chief operating officer now directly owns 383,440 shares of the company’s stock, valued at approximately $19,302,369.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $47.42, for a total value of $227,616.00. Following the completion of the sale, the chief executive officer now directly owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The disclosure for this sale can be found here. Insiders sold a total of 40,800 shares of company stock worth $2,007,945 in the last 90 days. 3.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently modified their holdings of the business. Bank of Montreal Can increased its position in shares of Mercury Systems by 29.2% during the 2nd quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after purchasing an additional 556 shares during the last quarter. Advisor Group Inc. increased its position in Mercury Systems by 97.8% in the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock valued at $132,000 after acquiring an additional 1,264 shares during the period. Ameritas Investment Partners Inc. increased its position in Mercury Systems by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock valued at $173,000 after acquiring an additional 195 shares during the period. Shelton Capital Management acquired a new stake in Mercury Systems in the 2nd quarter valued at approximately $200,000. Finally, Flinton Capital Management LLC increased its position in Mercury Systems by 72.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock valued at $205,000 after acquiring an additional 2,040 shares during the period. 95.46% of the stock is owned by institutional investors and hedge funds.

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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.

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

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