$0.30 Earnings Per Share Expected for Mercury Systems Inc (MRCY) This Quarter
Wall Street analysts expect Mercury Systems Inc (NASDAQ:MRCY) to report earnings of $0.30 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Mercury Systems’ earnings, with the lowest EPS estimate coming in at $0.29 and the highest estimate coming in at $0.31. Mercury Systems posted earnings per share of $0.13 in the same quarter last year, which would indicate a positive year over year growth rate of 130.8%. The company is expected to announce its next quarterly earnings report on Monday, January 22nd.
On average, 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 financial year, analysts expect that the company 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 research firms that follow Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.11. The business had revenue of $106.10 million for the quarter, compared to the consensus estimate of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The company’s quarterly revenue was up 21.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.22 earnings per share.
Several equities analysts 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. reissued a “buy” rating on shares of Mercury Systems in a research note on Friday, October 20th. Zacks Investment Research downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th. Robert W. Baird upped their price objective on shares of Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a research note on Wednesday, October 25th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and set a $45.00 price target on shares of Mercury Systems in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Mercury Systems has an average rating of “Buy” and a consensus target price of $51.17.
In related news, CEO Mark Aslett sold 4,800 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $47.42, for a total transaction of $227,616.00. Following the completion of the transaction, the chief executive officer now owns 519,382 shares of the company’s stock, valued at $24,629,094.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $49.52, for a total transaction of $173,320.00. Following the transaction, the chief operating officer now directly owns 379,940 shares of the company’s stock, valued at approximately $18,814,628.80. The disclosure for this sale can be found here. Insiders have sold 40,800 shares of company stock valued at $2,007,945 in the last ninety days. 3.50% of the stock is currently owned by company insiders.
Several institutional investors have recently added to or reduced their stakes in MRCY. Teachers Advisors LLC increased its position in shares of Mercury Systems by 26.2% in the first quarter. Teachers Advisors LLC now owns 80,884 shares of the technology company’s stock worth $3,159,000 after acquiring an additional 16,816 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Mercury Systems by 10.8% in the first quarter. California Public Employees Retirement System now owns 46,100 shares of the technology company’s stock worth $1,800,000 after acquiring an additional 4,500 shares in the last quarter. Amalgamated Bank acquired a new stake in shares of Mercury Systems in the first quarter worth $233,000. Schwab Charles Investment Management Inc. increased its position in shares of Mercury Systems by 21.2% in the first quarter. Schwab Charles Investment Management Inc. now owns 194,791 shares of the technology company’s stock worth $7,607,000 after acquiring an additional 34,105 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of Mercury Systems by 15.7% in the first quarter. Metropolitan Life Insurance Co. NY now owns 32,128 shares of the technology company’s stock worth $1,255,000 after acquiring an additional 4,371 shares in the last quarter. 95.46% of the stock is owned by institutional investors.
Shares of Mercury Systems (MRCY) traded up $0.05 on Wednesday, hitting $52.34. 78,084 shares of the company traded hands, compared to its average volume of 275,011. The stock has a market capitalization of $2,522.55, a P/E ratio of 56.23, a price-to-earnings-growth ratio of 4.34 and a beta of 0.22. Mercury Systems has a fifty-two week low of $29.11 and a fifty-two week high of $54.49.
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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