Mercury Systems (NASDAQ:MRCY) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 2.03-2.11 for the period, compared to the Thomson Reuters consensus estimate of $2.09. The company issued revenue guidance of $775-790 million, compared to the consensus revenue estimate of $787.06 million.
Shares of MRCY stock opened at $69.10 on Tuesday. The business has a 50-day moving average of $72.41 and a 200 day moving average of $74.86. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.35 and a quick ratio of 3.77. Mercury Systems has a 1-year low of $41.16 and a 1-year high of $89.44. The stock has a market capitalization of $4.07 billion, a PE ratio of 45.46, a P/E/G ratio of 3.50 and a beta of 1.02.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.44 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.03. Mercury Systems had a return on equity of 7.59% and a net margin of 8.51%. The business had revenue of $177.30 million for the quarter, compared to analysts’ expectations of $168.36 million. During the same period in the previous year, the firm earned $0.39 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. Analysts anticipate that Mercury Systems will post 1.76 EPS for the current year.
A number of brokerages recently issued reports on MRCY. Zacks Investment Research upgraded Mercury Systems from a sell rating to a hold rating in a report on Tuesday, August 6th. BidaskClub cut Mercury Systems from a hold rating to a sell rating in a report on Thursday, October 31st. Bank of America upgraded Mercury Systems from an underperform rating to a neutral rating and lifted their price objective for the stock from $50.00 to $85.00 in a research report on Friday, August 9th. Goldman Sachs Group initiated coverage on Mercury Systems in a research note on Friday, August 16th. They set a neutral rating and a $75.00 target price on the stock. Finally, ValuEngine downgraded Mercury Systems from a buy rating to a hold rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average price target of $73.50.
In other news, Director Michael A. Daniels sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $77.68, for a total value of $116,520.00. Following the completion of the transaction, the director now owns 73,937 shares in the company, valued at approximately $5,743,426.16. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Mark Aslett sold 12,500 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $74.06, for a total value of $925,750.00. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $3,525,555. Corporate insiders own 2.80% of the company’s stock.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.
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