Wall Street analysts expect that Mercury Systems Inc (NASDAQ:MRCY) will announce sales of $115.26 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have made estimates for Mercury Systems’ earnings. The lowest sales estimate is $113.50 million and the highest is $117.62 million. Mercury Systems reported sales of $98.01 million during the same quarter last year, which indicates a positive year over year growth rate of 17.6%. The company is expected to announce its next 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 financial year, with estimates ranging from $464.07 million to $478.81 million. For the next financial year, analysts expect that the business will post sales of $514.94 million per share, with estimates ranging from $500.00 million to $536.27 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Mercury Systems.

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

Several brokerages have recently commented on MRCY. Zacks Investment Research raised Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $59.00 price target on the stock in a research note on Thursday. SunTrust Banks reaffirmed a “buy” rating on shares of Mercury Systems in a research note on Friday, October 20th. BidaskClub lowered Mercury Systems from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th. Finally, Robert W. Baird upped their price target on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Mercury Systems currently has an average rating of “Buy” and an average price target of $53.33.

In related news, insider Mark Aslett sold 9,600 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $52.17, for a total transaction of $500,832.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Gerald M. Haines II sold 2,500 shares of the stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $50.41, for a total value of $126,025.00. Following the transaction, the chief financial officer now directly owns 218,260 shares in the company, valued at approximately $11,002,486.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,300 shares of company stock worth $3,171,165. 3.50% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Inc. lifted its stake in 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 acquiring an additional 1,264 shares in the last quarter. Teacher Retirement System of Texas acquired a new position in Mercury Systems during the 3rd quarter worth about $206,000. Ameritas Investment Partners Inc. lifted its stake in 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 acquiring an additional 195 shares in the last quarter. Dorsey & Whitney Trust CO LLC acquired a new position in Mercury Systems during the 3rd quarter worth about $215,000. Finally, Shelton Capital Management acquired a new position in Mercury Systems during the 2nd quarter worth about $200,000. 96.28% of the stock is currently owned by hedge funds and other institutional investors.

Mercury Systems (NASDAQ MRCY) opened at $51.46 on Monday. Mercury Systems has a 12 month low of $29.43 and a 12 month high of $55.00. The company has a market capitalization of $2,482.48, a price-to-earnings ratio of 59.84, a PEG ratio of 4.30 and a beta of 0.23.

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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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