Mercury Computer Systems Inc (MRCY) Releases Q1 Earnings Guidance
Mercury Computer Systems Inc (MRCY) updated its first quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ($0.28)-($0.24) for the period.
Several analysts have also recently commented on the stock. Analysts at Jefferies Group downgraded shares of Mercury Computer Systems from a buy rating to a hold rating in a research note to investors on Monday. They now have a $12.00 price target on the stock, down previously from $16.00. Analysts at CRT Capital downgraded shares of Mercury Computer Systems from a fair value rating to a sell rating in a research note to investors on Wednesday, August 1st.
Mercury Computer Systems Inc (MRCY) traded up 3.21% on Thursday, hitting $9.64. Mercury Computer Systems Inc (MRCY) has a 1-year low of $8.51 and a 1-year high of $15.88. The company has a market cap of $299.0 million and a price-to-earnings ratio of 12.45.
Mercury Computer Systems last issued its earnings results on Tuesday, July 31st. The company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.09 by $0.10. The company’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts predict that Mercury Computer Systems Inc (MRCY) will post $0.45 earnings per share for the current fiscal year.
Mercury Computer Systems, Inc. (Mercury) designs, manufactures and markets high-performance embedded, real-time digital signal and image processing systems and software for embedded and other specialized computing markets.
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