Mercury Systems (NASDAQ:MRCY) Announces Earnings Results

Mercury Systems (NASDAQ:MRCY) announced its quarterly earnings data on Tuesday. The technology company reported $0.47 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.11, reports. The company had revenue of $176.96 million during the quarter, compared to the consensus estimate of $171.98 million. Mercury Systems had a net margin of 6.99% and a return on equity of 9.24%. Mercury Systems’s quarterly revenue was up 15.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS.

Shares of MRCY traded up $10.09 during trading hours on Wednesday, reaching $81.52. The company had a trading volume of 100,167 shares, compared to its average volume of 270,753. The firm has a 50 day moving average of $69.78. The company has a quick ratio of 3.13, a current ratio of 4.53 and a debt-to-equity ratio of 0.34. The stock has a market capitalization of $4.30 billion, a P/E ratio of 72.14, a price-to-earnings-growth ratio of 3.98 and a beta of 1.10. Mercury Systems has a 12-month low of $39.73 and a 12-month high of $79.83.

A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Saturday, June 29th. BidaskClub downgraded shares of Mercury Systems from a “strong-buy” rating to a “buy” rating in a research report on Friday, July 26th. Canaccord Genuity restated a “buy” rating and set a $76.00 price objective (up previously from $64.00) on shares of Mercury Systems in a research report on Friday, April 26th. Finally, Alembic Global Advisors upgraded shares of Mercury Systems from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $70.25.

In other news, CEO Mark Aslett sold 10,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $68.10, for a total value of $681,000.00. Following the completion of the transaction, the chief executive officer now owns 342,440 shares in the company, valued at approximately $23,320,164. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $2,024,200 in the last quarter. Insiders own 2.80% of the company’s stock.

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 for Mercury Systems (NASDAQ:MRCY)

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