Zacks Research Weighs in on Mercury Systems Q1 Earnings

Mercury Systems Inc (NASDAQ:MRCY) – Equities researchers at Zacks Research boosted their Q1 2028 EPS estimates for shares of Mercury Systems in a research report issued to clients and investors on Monday, September 7th. Zacks Research analyst Team now anticipates that the technology company will earn $0.24 per share for the quarter, up from their prior estimate of $0.23. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Mercury Systems’ current full-year earnings is $0.89 per share.

Other analysts also recently issued reports about the company. Weiss Ratings upgraded Mercury Systems from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, August 24th. Deutsche Bank Aktiengesellschaft cut Mercury Systems to a “hold” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada lifted their price target on Mercury Systems from $105.00 to $120.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 19th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $115.00 price target on shares of Mercury Systems in a report on Friday, July 10th. Finally, Truist Financial increased their price target on shares of Mercury Systems from $109.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $110.10.

Mercury Systems Stock Performance

Shares of MRCY opened at $83.46 on Wednesday. The company has a 50-day simple moving average of $101.24 and a 200-day simple moving average of $95.06. The company has a quick ratio of 1.85, a current ratio of 2.96 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $5.02 billion, a PE ratio of -166.92 and a beta of 0.98. Mercury Systems has a 52-week low of $65.04 and a 52-week high of $128.45.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 18th. The technology company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.01). Mercury Systems had a negative net margin of 3.02% and a positive return on equity of 1.29%. The firm had revenue of $289.78 million during the quarter, compared to analysts’ expectations of $266.09 million. During the same period in the previous year, the firm earned $0.47 EPS. The firm’s revenue was up 6.1% on a year-over-year basis.

Institutional Trading of Mercury Systems

Institutional investors and hedge funds have recently bought and sold shares of the business. Public Employees Retirement System of Ohio acquired a new stake in Mercury Systems during the 2nd quarter worth approximately $43,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Mercury Systems during the second quarter valued at approximately $52,000. IFP Advisors Inc lifted its position in Mercury Systems by 250.8% during the second quarter. IFP Advisors Inc now owns 463 shares of the technology company’s stock valued at $57,000 after buying an additional 331 shares in the last quarter. Leonteq Securities AG purchased a new stake in Mercury Systems during the fourth quarter worth approximately $35,000. Finally, Hollencrest Capital Management acquired a new stake in shares of Mercury Systems in the fourth quarter worth $37,000. Institutional investors and hedge funds own 95.99% of the company’s stock.

Insider Activity

In other news, EVP David E. Farnsworth sold 6,612 shares of the firm’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $97.67, for a total value of $645,794.04. Following the transaction, the executive vice president directly owned 117,967 shares in the company, valued at $11,521,836.89. This trade represents a 5.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, EVP Stuart Kupinsky sold 1,000 shares of Mercury Systems stock in a transaction dated Friday, August 21st. The shares were sold at an average price of $95.23, for a total value of $95,230.00. Following the completion of the transaction, the executive vice president directly owned 56,352 shares in the company, valued at $5,366,400.96. This represents a 1.74% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 446,186 shares of company stock valued at $41,432,610 in the last 90 days. 1.40% of the stock is owned by corporate insiders.

Mercury Systems Company Profile

Mercury Systems, Inc (NASDAQ: MRCY) is a technology company that designs, manufactures and markets secure processing subsystems for aerospace and defense applications. The company’s products are built to address the stringent security, safety and reliability requirements of mission-critical programs, with a focus on radar, electronic warfare, intelligence and other sensor and processing functions. Mercury’s offerings encompass rugged embedded computing modules, high-performance radio frequency (RF) and microwave components, digital signal processing subsystems and secure networking solutions.

Since its origins in advanced signal processing, Mercury Systems has expanded its capabilities through a combination of internal development and targeted acquisitions.