Mercury Systems (MRCY) Releases FY 2019 Earnings Guidance

Mercury Systems (NASDAQ:MRCY) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.65-1.79 for the period, compared to the Thomson Reuters consensus estimate of $1.69. The company issued revenue guidance of $607-625 million, compared to the consensus revenue estimate of $615.75 million.Mercury Systems also updated its Q2 2019 guidance to $0.39-0.43 EPS.

A number of brokerages recently commented on MRCY. ValuEngine lowered shares of Mercury Systems from a buy rating to a hold rating in a report on Wednesday, October 17th. BidaskClub lowered shares of Mercury Systems from a strong-buy rating to a buy rating in a report on Tuesday, October 16th. Canaccord Genuity began coverage on shares of Mercury Systems in a report on Thursday, October 4th. They set a buy rating and a $64.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Mercury Systems from a hold rating to a sell rating in a report on Tuesday, July 24th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $52.17.

Mercury Systems stock traded up $1.74 during mid-day trading on Tuesday, reaching $45.28. The company’s stock had a trading volume of 365,000 shares, compared to its average volume of 480,081. The company has a market cap of $2.20 billion, a P/E ratio of 39.94, a price-to-earnings-growth ratio of 3.13 and a beta of 0.52. Mercury Systems has a 12 month low of $30.11 and a 12 month high of $57.26. The company has a current ratio of 4.63, a quick ratio of 3.11 and a debt-to-equity ratio of 0.25.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, July 31st. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $152.87 million during the quarter, compared to the consensus estimate of $149.31 million. Mercury Systems had a net margin of 8.29% and a return on equity of 7.47%. The firm’s revenue for the quarter was up 32.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.32 earnings per share. On average, equities research analysts forecast that Mercury Systems will post 1.36 EPS for the current year.

In related news, insider Mark Aslett sold 4,700 shares of the firm’s stock in a transaction on Thursday, September 27th. The shares were sold at an average price of $55.11, for a total value of $259,017.00. Following the completion of the transaction, the insider now owns 414,195 shares of the company’s stock, valued at $22,826,286.45. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction on Wednesday, August 15th. The shares were sold at an average price of $49.66, for a total transaction of $173,810.00. Following the completion of the transaction, the chief operating officer now directly owns 331,669 shares of the company’s stock, valued at approximately $16,470,682.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,200 shares of company stock valued at $3,806,642. 2.80% of the stock is owned by insiders.

Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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

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