Brokerages Expect Mercury Systems Inc (MRCY) to Announce $0.45 Earnings Per Share

Equities research analysts expect Mercury Systems Inc (NASDAQ:MRCY) to post earnings of $0.45 per share for the current quarter, Zacks reports. Five analysts have made estimates for Mercury Systems’ earnings, with the highest EPS estimate coming in at $0.46 and the lowest estimate coming in at $0.44. Mercury Systems reported earnings of $0.30 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 50%. The business is expected to announce its next earnings results on Tuesday, April 23rd.

According to Zacks, analysts expect that Mercury Systems will report full-year earnings of $1.79 per share for the current financial year, with EPS estimates ranging from $1.76 to $1.83. For the next financial year, analysts forecast that the firm will report earnings of $2.02 per share, with EPS estimates ranging from $1.98 to $2.09. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow Mercury Systems.

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

A number of brokerages recently issued reports on MRCY. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Thursday, February 7th. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $67.00 price target for the company in a research report on Saturday, February 2nd. ValuEngine raised shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Drexel Hamilton reissued a “buy” rating and set a $67.00 price target on shares of Mercury Systems in a research report on Wednesday, January 30th. Finally, SunTrust Banks lifted their price target on shares of Mercury Systems to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, four have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $56.67.

Shares of MRCY traded up $0.60 during trading hours on Friday, reaching $62.60. 284,920 shares of the company traded hands, compared to its average volume of 349,462. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 55.40, a PEG ratio of 3.70 and a beta of 1.03. The company has a current ratio of 4.29, a quick ratio of 2.93 and a debt-to-equity ratio of 0.30. Mercury Systems has a 12 month low of $30.11 and a 12 month high of $63.51.

In related news, insider Mark Aslett sold 10,000 shares of Mercury Systems stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $47.28, for a total transaction of $472,800.00. Following the completion of the transaction, the insider now directly owns 397,440 shares of the company’s stock, valued at approximately $18,790,963.20. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Over the last three months, insiders have sold 30,000 shares of company stock valued at $1,542,300. 2.80% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new position in Mercury Systems in the second quarter worth about $1,708,000. Man Group plc raised its holdings in Mercury Systems by 476.9% in the third quarter. Man Group plc now owns 86,107 shares of the technology company’s stock worth $4,763,000 after buying an additional 71,180 shares during the last quarter. Vanguard Group Inc. raised 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 worth $256,735,000 after buying an additional 114,329 shares during the last quarter. William Blair Investment Management LLC raised its holdings in Mercury Systems by 15.2% in the third quarter. William Blair Investment Management LLC now owns 282,735 shares of the technology company’s stock worth $15,641,000 after buying an additional 37,329 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust raised its holdings in Mercury Systems by 59.0% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 538,734 shares of the technology company’s stock worth $25,477,000 after buying an additional 199,820 shares during the last quarter.

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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