Wall Street analysts expect that Mercury Systems Inc (NASDAQ:MRCY) will post $165.57 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have provided estimates for Mercury Systems’ earnings. The lowest sales estimate is $162.90 million and the highest is $167.52 million. Mercury Systems posted sales of $116.34 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 42.3%. The company is scheduled to report its next quarterly earnings report on Tuesday, April 23rd.

On average, analysts expect that Mercury Systems will report full-year sales of $644.05 million for the current year, with estimates ranging from $638.63 million to $651.05 million. For the next year, analysts forecast that the firm will report sales of $712.86 million, with estimates ranging from $696.20 million to $732.06 million. Zacks’ sales averages are an average based on a survey of research firms that cover Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $159.09 million for the quarter, compared to the consensus estimate of $154.45 million. Mercury Systems had a return on equity of 8.31% and a net margin of 5.88%.

MRCY has been the topic of a number of recent analyst reports. BidaskClub downgraded Mercury Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 9th. ValuEngine raised Mercury Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Drexel Hamilton reaffirmed a “buy” rating and set a $67.00 price target on shares of Mercury Systems in a research report on Wednesday, January 30th. SunTrust Banks upped their price target on Mercury Systems to $63.00 and gave the stock a “buy” rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research downgraded Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, four have issued a buy rating and two have issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $56.67.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 39,736 shares of the company’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $60.22, for a total value of $2,392,901.92. Following the sale, the chief operating officer now directly owns 298,940 shares of the company’s stock, valued at $18,002,166.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Mark Aslett sold 5,000 shares of the company’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $62.58, for a total transaction of $312,900.00. Following the completion of the sale, the chief executive officer now directly owns 367,440 shares in the company, valued at $22,994,395.20. The disclosure for this sale can be found here. Insiders have sold 54,736 shares of company stock worth $3,291,302 over the last three months. Corporate insiders own 2.80% of the company’s stock.

A number of large investors have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in Mercury Systems by 0.9% in the fourth quarter. BlackRock Inc. now owns 8,397,174 shares of the technology company’s stock valued at $397,102,000 after purchasing an additional 77,601 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Mercury Systems by 2.5% in the third quarter. Vanguard Group Inc. now owns 4,640,926 shares of the technology company’s stock valued at $256,735,000 after purchasing an additional 114,329 shares during the last quarter. Vanguard Group Inc boosted its holdings in Mercury Systems by 2.5% in the third quarter. Vanguard Group Inc now owns 4,640,926 shares of the technology company’s stock valued at $256,735,000 after purchasing an additional 114,329 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Mercury Systems by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 1,868,042 shares of the technology company’s stock valued at $103,340,000 after purchasing an additional 48,213 shares during the last quarter. Finally, Conestoga Capital Advisors LLC boosted its holdings in Mercury Systems by 6.8% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,401,487 shares of the technology company’s stock valued at $66,276,000 after purchasing an additional 89,502 shares during the last quarter.

Shares of MRCY stock opened at $62.83 on Thursday. The firm has a market cap of $3.04 billion, a PE ratio of 55.60, a price-to-earnings-growth ratio of 3.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.93 and a current ratio of 4.29. Mercury Systems has a 12-month low of $30.11 and a 12-month high of $67.85.

Mercury Systems Company Profile

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

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