Equities analysts forecast that Mercury Systems Inc (NASDAQ:MRCY) will announce sales of $165.57 million for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Mercury Systems’ earnings. The lowest sales estimate is $162.90 million and the highest is $167.52 million. Mercury Systems posted sales of $116.34 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.3%. The business is expected to announce its next earnings report on Tuesday, April 23rd.
According to Zacks, analysts expect that Mercury Systems will report full year sales of $644.05 million for the current fiscal year, with estimates ranging from $638.63 million to $651.05 million. For the next year, analysts forecast that the business will post sales of $712.86 million, with estimates ranging from $696.20 million to $732.06 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Mercury Systems.
Get Mercury Systems alerts:Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, January 29th. The technology company reported $0.47 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.05. Mercury Systems had a net margin of 5.88% and a return on equity of 8.31%. The company had revenue of $159.09 million during the quarter, compared to analysts’ expectations of $154.45 million.
MRCY has been the subject of several recent research reports. BidaskClub cut shares of Mercury Systems from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 22nd. ValuEngine raised shares of Mercury Systems from a “hold” rating to a “buy” rating in a research report on Wednesday, January 30th. Drexel Hamilton reissued a “buy” rating and issued a $67.00 price target on shares of Mercury Systems in a research report on Wednesday, January 30th. SunTrust Banks raised their price target on shares of Mercury Systems to $63.00 and gave the company a “buy” rating in a research report on Wednesday, January 30th. Finally, Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, January 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Mercury Systems presently has a consensus rating of “Buy” and an average target price of $56.67.
In other news, insider Mark Aslett sold 10,000 shares of the firm’s stock in a transaction on Friday, February 1st. The shares were sold at an average price of $58.55, for a total value of $585,500.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Didier M. C. Thibaud sold 39,736 shares of the firm’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $60.22, for a total transaction of $2,392,901.92. Following the completion of the sale, the chief operating officer now owns 298,940 shares in the company, valued at $18,002,166.80. The disclosure for this sale can be found here. Insiders sold a total of 59,736 shares of company stock worth $3,462,402 over the last 90 days. Company insiders own 2.80% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Mercury Systems by 2.5% during the 3rd quarter. Vanguard Group Inc. now owns 4,640,926 shares of the technology company’s stock worth $256,735,000 after acquiring an additional 114,329 shares in the last quarter. Man Group plc raised its stake in Mercury Systems by 476.9% during the 3rd quarter. Man Group plc now owns 86,107 shares of the technology company’s stock worth $4,763,000 after acquiring an additional 71,180 shares in the last quarter. Emerald Mutual Fund Advisers Trust raised its stake in Mercury Systems by 59.0% during the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 538,734 shares of the technology company’s stock worth $25,477,000 after acquiring an additional 199,820 shares in the last quarter. William Blair Investment Management LLC raised its stake in Mercury Systems by 15.2% during the 3rd quarter. William Blair Investment Management LLC now owns 282,735 shares of the technology company’s stock worth $15,641,000 after acquiring an additional 37,329 shares in the last quarter. Finally, Conestoga Capital Advisors LLC raised its stake in Mercury Systems by 6.8% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,401,487 shares of the technology company’s stock worth $66,276,000 after acquiring an additional 89,502 shares in the last quarter.
MRCY stock traded up $0.70 during midday trading on Tuesday, hitting $59.42. The company’s stock had a trading volume of 312,872 shares, compared to its average volume of 318,162. The company has a quick ratio of 2.93, a current ratio of 4.29 and a debt-to-equity ratio of 0.30. Mercury Systems has a 52-week low of $30.11 and a 52-week high of $67.85. The stock has a market capitalization of $2.85 billion, a PE ratio of 52.58, a P/E/G ratio of 3.82 and a beta of 1.03.
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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