Mercury Systems Inc (NASDAQ:MRCY) – Stock analysts at Jefferies Group reduced their FY2018 earnings estimates for Mercury Systems in a research note issued on Wednesday. Jefferies Group analyst S. Kahyaoglu now forecasts that the technology company will earn $0.94 per share for the year, down from their previous estimate of $1.24. Jefferies Group currently has a “Hold” rating and a $45.00 price target on the stock. Jefferies Group also issued estimates for Mercury Systems’ FY2019 earnings at $0.98 EPS and FY2020 earnings at $1.12 EPS.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The company had revenue of $115.60 million during the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The business’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.23 earnings per share.

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Other research analysts have also issued research reports about the stock. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a report on Wednesday, July 5th. Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, April 27th. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Mercury Systems has an average rating of “Buy” and an average target price of $43.00.

Mercury Systems (NASDAQ MRCY) opened at 44.23 on Monday. Mercury Systems has a 12-month low of $21.52 and a 12-month high of $44.92. The stock has a 50 day moving average of $42.18 and a 200 day moving average of $38.87. The firm has a market cap of $2.04 billion, a PE ratio of 76.26 and a beta of 0.39.

Several hedge funds have recently made changes to their positions in the company. Arizona State Retirement System increased its stake in shares of Mercury Systems by 0.4% in the second quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock valued at $1,055,000 after buying an additional 100 shares during the period. Wrapmanager Inc. increased its stake in shares of Mercury Systems by 3.5% in the second quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock valued at $258,000 after buying an additional 205 shares during the period. Profund Advisors LLC increased its stake in shares of Mercury Systems by 2.9% in the first quarter. Profund Advisors LLC now owns 8,143 shares of the technology company’s stock valued at $318,000 after buying an additional 230 shares during the period. Texas Permanent School Fund increased its stake in shares of Mercury Systems by 0.9% in the second quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock valued at $1,475,000 after buying an additional 328 shares during the period. Finally, LS Investment Advisors LLC increased its stake in shares of Mercury Systems by 7.7% in the second quarter. LS Investment Advisors LLC now owns 5,169 shares of the technology company’s stock valued at $218,000 after buying an additional 370 shares during the period. 98.66% of the stock is owned by institutional investors.

In other news, insider Mark Aslett sold 9,400 shares of the firm’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $38.04, for a total transaction of $357,576.00. Following the completion of the sale, the insider now owns 538,249 shares of the company’s stock, valued at approximately $20,474,991.96. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last ninety days, insiders have sold 28,600 shares of company stock valued at $1,123,656. Insiders own 4.30% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

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

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