Mercury Systems (MRCY) Updates FY19 Earnings Guidance

Mercury Systems (NASDAQ:MRCY) updated its FY19 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.65-1.79 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.69. The company issued revenue guidance of $607-625 million, compared to the consensus revenue estimate of $615.80 million.Mercury Systems also updated its FY 2019 guidance to $1.65-1.79 EPS.

Several equities analysts recently commented on the stock. 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 assumed coverage on shares of Mercury Systems in a report on Thursday, October 4th. They set a buy rating and a $64.00 target price 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 equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. Mercury Systems presently has an average rating of Hold and an average target price of $52.17.

Mercury Systems stock traded up $1.74 during trading hours on Tuesday, reaching $45.28. The stock had a trading volume of 361,055 shares, compared to its average volume of 480,081. The firm has a market cap of $2.20 billion, a PE ratio of 40.07, a price-to-earnings-growth ratio of 3.13 and a beta of 0.52. Mercury Systems has a 52 week low of $30.11 and a 52 week high of $57.26. The company has a quick ratio of 3.11, a current ratio of 4.63 and a debt-to-equity ratio of 0.25.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, July 31st. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The business had revenue of $152.87 million for the quarter, compared to analyst estimates of $149.31 million. Mercury Systems had a net margin of 8.29% and a return on equity of 7.47%. The company’s revenue was up 32.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.32 EPS. As a group, sell-side analysts expect that Mercury Systems will post 1.36 earnings per share for the current fiscal year.

In other Mercury Systems news, 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 value of $173,810.00. Following the sale, the chief operating officer now owns 331,669 shares of the company’s stock, valued at approximately $16,470,682.54. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Mark Aslett sold 4,700 shares of the firm’s stock in a transaction on Thursday, September 27th. The stock was sold at an average price of $55.11, for a total transaction of $259,017.00. Following the completion of the sale, the insider now directly owns 414,195 shares in the company, valued at approximately $22,826,286.45. The disclosure for this sale can be found here. In the last three months, insiders sold 73,200 shares of company stock worth $3,806,642. Insiders own 2.80% of the company’s stock.

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. 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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