Equities research analysts expect Mercury Systems Inc (NASDAQ:MRCY) to announce $149.60 million in sales for the current quarter, Zacks reports. Four analysts have made estimates for Mercury Systems’ earnings, with estimates ranging from $148.50 million to $152.03 million. Mercury Systems reported sales of $115.61 million during the same quarter last year, which would suggest a positive year over year growth rate of 29.4%. The company is expected to issue its next earnings report on Tuesday, August 7th.
According to Zacks, analysts expect that Mercury Systems will report full-year sales of $489.93 million for the current financial year, with estimates ranging from $488.80 million to $492.34 million. For the next year, analysts expect that the company will post sales of $572.06 million per share, with estimates ranging from $566.89 million to $585.21 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Mercury Systems.
Get Mercury Systems alerts:Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, April 24th. The technology company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.05). The firm had revenue of $116.30 million during the quarter, compared to analysts’ expectations of $128.45 million. Mercury Systems had a net margin of 8.68% and a return on equity of 6.83%. The business’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.29 earnings per share.
MRCY has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $48.00 target price for the company in a report on Thursday, April 26th. Jefferies Financial Group restated a “hold” rating and set a $44.00 target price on shares of Mercury Systems in a report on Thursday, April 26th. ValuEngine lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, April 17th. Finally, Bank of America lowered shares of Mercury Systems from a “buy” rating to an “underperform” rating and decreased their price objective for the stock from $50.00 to $35.00 in a research note on Wednesday, April 25th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.33.
Shares of NASDAQ:MRCY opened at $38.54 on Thursday. The company has a market cap of $1.86 billion, a P/E ratio of 40.56, a price-to-earnings-growth ratio of 2.69 and a beta of 0.44. Mercury Systems has a 1-year low of $30.11 and a 1-year high of $55.00. The company has a quick ratio of 2.47, a current ratio of 3.95 and a debt-to-equity ratio of 0.26.
In other news, CFO Michael Ruppert acquired 3,100 shares of the firm’s stock in a transaction that occurred on Monday, May 7th. The stock was purchased at an average price of $32.66 per share, with a total value of $101,246.00. Following the purchase, the chief financial officer now owns 120,346 shares of the company’s stock, valued at approximately $3,930,500.36. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 3.50% of the company’s stock.
Several large investors have recently modified their holdings of MRCY. Advisor Group Inc. boosted its stake in shares of Mercury Systems by 70.1% during the 4th quarter. Advisor Group Inc. now owns 4,347 shares of the technology company’s stock valued at $222,000 after buying an additional 1,791 shares during the period. Miles Capital Inc. acquired a new stake in shares of Mercury Systems during the 1st quarter valued at $237,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Mercury Systems during the 1st quarter valued at $264,000. First Mercantile Trust Co. boosted its stake in shares of Mercury Systems by 35.5% during the 1st quarter. First Mercantile Trust Co. now owns 5,721 shares of the technology company’s stock valued at $276,000 after buying an additional 1,498 shares during the period. Finally, Hanseatic Management Services Inc. boosted its stake in shares of Mercury Systems by 14,884.2% during the 4th quarter. Hanseatic Management Services Inc. now owns 5,694 shares of the technology company’s stock valued at $292,000 after buying an additional 5,656 shares during the period. 96.40% of the stock is owned by institutional investors.
About Mercury Systems
Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.
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