$0.48 Earnings Per Share Expected for Mercury Systems Inc (NASDAQ:MRCY) This Quarter

Wall Street analysts expect Mercury Systems Inc (NASDAQ:MRCY) to post earnings of $0.48 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Mercury Systems’ earnings, with the lowest EPS estimate coming in at $0.46 and the highest estimate coming in at $0.49. Mercury Systems posted earnings of $0.47 per share in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, February 4th.

According to Zacks, analysts expect that Mercury Systems will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.00 to $2.14. For the next financial year, analysts expect that the business will report earnings of $2.40 per share, with EPS estimates ranging from $2.15 to $2.57. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.03. Mercury Systems had a net margin of 8.51% and a return on equity of 7.59%. The firm had revenue of $177.30 million during the quarter, compared to analyst estimates of $168.36 million. During the same quarter last year, the business earned $0.39 EPS. The company’s revenue was up 23.1% compared to the same quarter last year.

A number of equities analysts have issued reports on MRCY shares. ValuEngine downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Goldman Sachs Group started coverage on shares of Mercury Systems in a report on Friday, August 16th. They set a “neutral” rating and a $75.00 price objective on the stock. Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. BidaskClub downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. Finally, Bank of America raised shares of Mercury Systems from an “underperform” rating to a “neutral” rating and lifted their price objective for the stock from $50.00 to $85.00 in a report on Friday, August 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $73.50.

Shares of NASDAQ:MRCY traded up $0.63 during mid-day trading on Friday, hitting $70.48. The company had a trading volume of 253,500 shares, compared to its average volume of 494,703. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.35 and a quick ratio of 3.77. The company has a market capitalization of $3.93 billion, a PE ratio of 46.37, a price-to-earnings-growth ratio of 3.39 and a beta of 1.01. The firm has a fifty day moving average price of $75.46 and a 200 day moving average price of $74.96. Mercury Systems has a one year low of $41.16 and a one year high of $89.44.

In related news, CAO Michelle M. Mccarthy sold 624 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $84.99, for a total value of $53,033.76. Following the sale, the chief accounting officer now directly owns 10,982 shares in the company, valued at approximately $933,360.18. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $73.41, for a total value of $256,935.00. Following the completion of the sale, the chief operating officer now owns 258,865 shares in the company, valued at $19,003,279.65. The disclosure for this sale can be found here. Insiders sold a total of 83,538 shares of company stock worth $6,947,664 over the last 90 days. 2.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC bought a new position in shares of Mercury Systems in the third quarter worth approximately $28,000. Mark Sheptoff Financial Planning LLC increased its position in shares of Mercury Systems by 250.0% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 700 shares of the technology company’s stock worth $49,000 after purchasing an additional 500 shares during the last quarter. Pearl River Capital LLC bought a new position in shares of Mercury Systems in the second quarter worth approximately $76,000. Mitsubishi UFJ Securities Holdings Co. Ltd. purchased a new stake in Mercury Systems in the second quarter worth approximately $79,000. Finally, LS Investment Advisors LLC boosted its stake in Mercury Systems by 10.1% in the second quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock worth $112,000 after buying an additional 146 shares in the last quarter. Hedge funds and other institutional investors own 95.27% 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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