Wall Street brokerages expect Mercury Systems Inc (NASDAQ:MRCY) to post $115.26 million in sales for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mercury Systems’ earnings, with the highest sales estimate coming in at $117.62 million and the lowest estimate coming in at $113.50 million. Mercury Systems reported sales of $98.01 million in the same quarter last year, which indicates a positive year-over-year growth rate of 17.6%. The business 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 sales of $115.26 million for the current year, with estimates ranging from $462.79 million to $478.81 million. For the next fiscal year, analysts anticipate that the business will report sales of $513.26 million per share, with estimates ranging from $500.00 million to $536.27 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The company had revenue of $106.10 million during the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The company’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.22 EPS.

Several equities analysts have recently weighed in on the company. SunTrust Banks reiterated a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $56.00 price objective on the stock in a report on Tuesday, October 31st. Robert W. Baird lifted their price objective on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Finally, Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Three research 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. The company has a consensus rating of “Buy” and an average price target of $51.17.

In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.94, for a total value of $129,850.00. Following the sale, the chief financial officer now owns 220,760 shares in the company, valued at approximately $11,466,274.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $50.11, for a total value of $481,056.00. The disclosure for this sale can be found here. Insiders have sold a total of 50,500 shares of company stock worth $2,578,949 in the last quarter. 3.50% of the stock is currently owned by company insiders.

Several institutional investors have recently made changes to their positions in MRCY. Bank of Montreal Can raised its stake 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 in the last quarter. Advisor Group Inc. raised its stake in shares of Mercury Systems by 97.8% during the 3rd quarter. Advisor Group Inc. now owns 2,556 shares of the technology company’s stock worth $132,000 after purchasing an additional 1,264 shares in the last quarter. Ameritas Investment Partners Inc. raised its stake in shares of Mercury Systems by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after purchasing an additional 195 shares in the last quarter. Shelton Capital Management bought a new stake in shares of Mercury Systems during the 2nd quarter worth approximately $200,000. Finally, Flinton Capital Management LLC raised its stake in shares of Mercury Systems by 72.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,862 shares of the technology company’s stock worth $205,000 after purchasing an additional 2,040 shares in the last quarter. Institutional investors own 96.38% of the company’s stock.

Mercury Systems (MRCY) opened at $49.06 on Tuesday. The stock has a market capitalization of $2,468.52, a PE ratio of 55.02, a PEG ratio of 4.25 and a beta of 0.23. Mercury Systems has a 12-month low of $29.31 and a 12-month high of $54.49.

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

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