Mercury Systems Inc. (MRCY) Expected to Announce Earnings of $0.35 Per Share

Equities analysts forecast that Mercury Systems Inc. (NASDAQ:MRCY) will report earnings of $0.35 per share for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Mercury Systems’ earnings. The highest EPS estimate is $0.37 and the lowest is $0.33. Mercury Systems reported earnings per share of $0.16 during the same quarter last year, which indicates a positive year over year growth rate of 118.8%. The company is scheduled to announce its next quarterly earnings results on Tuesday, April 24th.

According to Zacks, analysts expect that Mercury Systems will report full year earnings of $1.36 per share for the current year, with EPS estimates ranging from $1.32 to $1.39. For the next fiscal year, analysts forecast that the company will post earnings of $1.61 per share, with EPS estimates ranging from $1.46 to $1.73. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Mercury Systems.

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Mercury Systems (NASDAQ:MRCY) last announced its quarterly 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). Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The company had revenue of $117.90 million during the quarter, compared to analysts’ expectations of $114.89 million. During the same period last year, the firm earned $0.30 earnings per share. Mercury Systems’s revenue was up 20.3% on a year-over-year basis.

A number of equities research analysts recently weighed in on the stock. BidaskClub raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $60.00 price target for the company in a research report on Wednesday, December 27th. SunTrust Banks reissued a “buy” rating and issued a $61.00 price target on shares of Mercury Systems in a research report on Tuesday, January 9th. Citigroup reissued a “buy” rating and issued a $61.00 price target on shares of Mercury Systems in a research report on Wednesday, January 24th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $55.83.

In other Mercury Systems news, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $48.10, for a total value of $461,760.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $51.48, for a total transaction of $180,180.00. Following the completion of the transaction, the chief operating officer now owns 365,940 shares in the company, valued at $18,838,591.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 61,900 shares of company stock worth $2,944,668. 3.50% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of MRCY. Brown Advisory Inc. acquired a new position in shares of Mercury Systems during the fourth quarter worth about $14,514,000. Franklin Resources Inc. increased its stake in shares of Mercury Systems by 21.5% during the fourth quarter. Franklin Resources Inc. now owns 1,457,768 shares of the technology company’s stock worth $74,857,000 after acquiring an additional 257,918 shares during the period. BlackRock Inc. increased its stake in shares of Mercury Systems by 3.0% during the fourth quarter. BlackRock Inc. now owns 7,240,899 shares of the technology company’s stock worth $371,819,000 after acquiring an additional 213,219 shares during the period. Kennedy Capital Management Inc. acquired a new position in shares of Mercury Systems during the fourth quarter worth about $7,980,000. Finally, Millennium Management LLC increased its stake in shares of Mercury Systems by 724.9% during the fourth quarter. Millennium Management LLC now owns 175,961 shares of the technology company’s stock worth $9,036,000 after acquiring an additional 154,629 shares during the period. Institutional investors and hedge funds own 93.52% of the company’s stock.

MRCY traded down $1.51 on Friday, reaching $47.56. The company had a trading volume of 435,592 shares, compared to its average volume of 319,851. Mercury Systems has a 1 year low of $36.09 and a 1 year high of $55.00. The stock has a market cap of $2,294.44, a PE ratio of 50.06, a price-to-earnings-growth ratio of 3.82 and a beta of 0.36.

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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. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

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

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