Analysts Expect Mercury Systems Inc (MRCY) to Post $0.30 Earnings Per Share
Analysts expect that Mercury Systems Inc (NASDAQ:MRCY) will post $0.30 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have provided estimates for Mercury Systems’ earnings, with the highest EPS estimate coming in at $0.31 and the lowest estimate coming in at $0.29. Mercury Systems posted earnings of $0.13 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 130.8%. The business is expected to issue its next quarterly earnings results on Monday, January 22nd.
On average, analysts expect that Mercury Systems will report full-year earnings of $1.35 per share for the current fiscal year, with EPS estimates ranging from $1.28 to $1.41. For the next fiscal year, analysts forecast that the business will report earnings of $1.50 per share, with EPS estimates ranging from $1.28 to $1.65. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.11. The company had revenue of $106.10 million for the quarter, compared to analysts’ expectations of $105.18 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. Mercury Systems’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the firm posted $0.22 EPS.
MRCY has been the topic of a number of research reports. Zacks Investment Research cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, September 14th. SunTrust Banks, Inc. reissued a “buy” rating on shares of Mercury Systems in a report on Friday, October 20th. Robert W. Baird raised their price objective on Mercury Systems from $48.00 to $59.00 and gave the company an “outperform” rating in a report on Wednesday, October 25th. Noble Financial reissued a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $45.00 price objective on shares of Mercury Systems in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $51.17.
Mercury Systems (NASDAQ MRCY) opened at $51.26 on Friday. The firm has a market capitalization of $2,472.86, a PE ratio of 55.12, a P/E/G ratio of 4.02 and a beta of 0.22. Mercury Systems has a 1-year low of $25.69 and a 1-year high of $54.49.
In other Mercury Systems news, CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $51.94, for a total value of $129,850.00. Following the transaction, the chief financial officer now directly owns 220,760 shares of the company’s stock, valued at approximately $11,466,274.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Mark Aslett sold 4,800 shares of Mercury Systems stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $47.42, for a total value of $227,616.00. Following the completion of the transaction, the chief executive officer now directly owns 519,382 shares in the company, valued at $24,629,094.44. The disclosure for this sale can be found here. Insiders sold a total of 27,700 shares of company stock worth $1,353,569 over the last ninety days. Insiders own 3.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the company. Arizona State Retirement System grew its position in shares of Mercury Systems by 0.4% in the 2nd quarter. Arizona State Retirement System now owns 25,075 shares of the technology company’s stock worth $1,055,000 after buying an additional 100 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Mercury Systems by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 4,114 shares of the technology company’s stock worth $173,000 after buying an additional 195 shares during the last quarter. Wrapmanager Inc. grew its position in shares of Mercury Systems by 3.5% in the 2nd quarter. Wrapmanager Inc. now owns 6,126 shares of the technology company’s stock worth $258,000 after buying an additional 205 shares during the last quarter. Amalgamated Bank grew its position in shares of Mercury Systems by 5.4% in the 2nd quarter. Amalgamated Bank now owns 6,290 shares of the technology company’s stock worth $265,000 after buying an additional 321 shares during the last quarter. Finally, Texas Permanent School Fund grew its position in shares of Mercury Systems by 0.9% in the 2nd quarter. Texas Permanent School Fund now owns 35,040 shares of the technology company’s stock worth $1,475,000 after buying an additional 328 shares during the last quarter. Hedge funds and other institutional investors own 96.27% 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.
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