Mercury Systems Inc (NASDAQ:MRCY) CAO Michelle M. Mccarthy sold 624 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $84.99, for a total value of $53,033.76. Following the completion of the transaction, the chief accounting officer now directly owns 10,982 shares of the company’s stock, valued at $933,360.18. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
MRCY opened at $87.87 on Friday. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 57.81, a PEG ratio of 4.32 and a beta of 1.09. Mercury Systems Inc has a 12 month low of $41.16 and a 12 month high of $89.44. The stock has a fifty day moving average price of $76.20 and a 200-day moving average price of $69.18.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.11. The firm had revenue of $176.96 million during the quarter, compared to analyst estimates of $171.98 million. Mercury Systems had a return on equity of 8.11% and a net margin of 7.14%. The business’s revenue for the quarter was up 15.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.47 EPS. On average, research analysts forecast that Mercury Systems Inc will post 1.72 earnings per share for the current fiscal year.
Several research firms have recently commented on MRCY. Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 1st. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America raised Mercury Systems from an “underperform” rating to a “neutral” rating and boosted their price target for the stock from $50.00 to $85.00 in a research report on Friday, August 9th. Goldman Sachs Group began coverage on Mercury Systems in a research report on Friday, August 16th. They issued a “neutral” rating and a $75.00 price target for the company. Finally, Canaccord Genuity reissued a “buy” rating and issued a $76.00 price target (up from $64.00) on shares of Mercury Systems in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $73.50.
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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