Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Mercury Systems (MRCY) Stock Price
Media coverage about Mercury Systems (NASDAQ:MRCY) has trended somewhat positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mercury Systems earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.3149653017598 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Elbit Systems (ESLT) versus Mercury Systems (MRCY) Financial Survey (americanbankingnews.com)
- Critical Review: Raytheon (RTN) & Mercury Systems (MRCY) (americanbankingnews.com)
- Mercury Systems Receives $3.8M Order for Advanced Electronic Warfare Application (finance.yahoo.com)
- Mercury Systems Inc (MRCY) Downgraded by Zacks Investment Research (americanbankingnews.com)
Shares of Mercury Systems (MRCY) opened at 49.80 on Friday. The firm has a market capitalization of $2.40 billion, a PE ratio of 85.86 and a beta of 0.42. The company’s 50 day moving average price is $46.64 and its 200-day moving average price is $41.72. Mercury Systems has a 52 week low of $22.31 and a 52 week high of $49.97.
Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.08. The company had revenue of $115.60 million for 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%. Mercury Systems’s revenue was up 35.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 EPS. On average, equities research analysts expect that Mercury Systems will post $1.24 EPS for the current fiscal year.
Several equities analysts have issued reports on MRCY shares. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, July 5th. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $45.00 target price on shares of Mercury Systems in a research note on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $43.00.
In related news, VP Charles A. Speicher sold 7,000 shares of Mercury Systems stock in a transaction that occurred on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the completion of the transaction, the vice president now directly owns 36,983 shares in the company, valued at approximately $1,630,580.47. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Aslett sold 9,600 shares of Mercury Systems stock in a transaction that occurred on Tuesday, September 12th. The shares were sold at an average price of $47.32, for a total transaction of $454,272.00. Following the completion of the transaction, the insider now owns 519,382 shares of the company’s stock, valued at $24,577,156.24. The disclosure for this sale can be found here. Insiders sold a total of 21,400 shares of company stock valued at $990,518 over the last quarter. 3.50% of the stock is owned by company insiders.
About Mercury Systems
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.
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