Mercury Systems Inc (NASDAQ:MRCY) CFO Gerald M. Haines II sold 2,500 shares of the firm’s stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $47.69, for a total transaction of $119,225.00. Following the completion of the sale, the chief financial officer now directly owns 210,760 shares in the company, valued at approximately $10,051,144.40. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Shares of Mercury Systems Inc (NASDAQ:MRCY) traded down $2.96 on Monday, hitting $43.69. 488,856 shares of the stock were exchanged, compared to its average volume of 444,485. The company has a market cap of $2,250.52, a price-to-earnings ratio of 49.20, a price-to-earnings-growth ratio of 4.01 and a beta of 0.33. Mercury Systems Inc has a 52-week low of $33.37 and a 52-week high of $55.00.
Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The company’s revenue for the quarter was up 20.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.30 EPS. analysts expect that Mercury Systems Inc will post 1.09 earnings per share for the current year.
A number of brokerages have issued reports on MRCY. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Citigroup reissued a “buy” rating and issued a $61.00 price target on shares of Mercury Systems in a report on Wednesday, January 24th. Zacks Investment Research lowered shares of Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Saturday, January 20th. BidaskClub lowered shares of Mercury Systems from a “sell” rating to a “strong sell” rating in a research note on Friday, January 19th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $61.00 target price on shares of Mercury Systems in a research note on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $55.50.
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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