Brokerages Expect Mercury Systems Inc (NASDAQ:MRCY) to Announce $0.41 EPS

Equities analysts expect that Mercury Systems Inc (NASDAQ:MRCY) will report $0.41 earnings per share for the current quarter, Zacks reports. Five analysts have made estimates for Mercury Systems’ earnings. The highest EPS estimate is $0.42 and the lowest is $0.39. Mercury Systems posted earnings per share of $0.39 during the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The business is scheduled to report its next earnings results on Tuesday, October 29th.

On average, analysts expect that Mercury Systems will report full year earnings of $2.05 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.10. For the next year, analysts anticipate that the company will report earnings of $2.33 per share, with EPS estimates ranging from $2.15 to $2.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, July 30th. The technology company reported $0.47 EPS for the quarter, beating the consensus estimate of $0.36 by $0.11. The firm had revenue of $176.96 million during the quarter, compared to the consensus estimate of $171.98 million. Mercury Systems had a return on equity of 8.11% and a net margin of 7.14%. The business’s quarterly revenue was up 15.8% on a year-over-year basis. During the same period last year, the company earned $0.47 earnings per share.

Several equities analysts have commented on MRCY shares. Canaccord Genuity reiterated a “buy” rating and issued a $76.00 target price (up from $64.00) on shares of Mercury Systems in a research report on Friday, April 26th. BidaskClub cut Mercury Systems from a “strong-buy” rating to a “buy” rating in a research note on Friday, July 26th. Bank of America raised Mercury Systems from an “underperform” rating to a “neutral” rating and increased their price target for the company from $50.00 to $85.00 in a research note on Friday. Zacks Investment Research raised Mercury Systems from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Alembic Global Advisors raised Mercury Systems from a “neutral” rating to an “overweight” rating in a research note on Wednesday, May 1st. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Mercury Systems presently has a consensus rating of “Buy” and a consensus price target of $73.20.

In other news, insider Mark Aslett sold 10,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $65.90, for a total value of $659,000.00. Following the completion of the sale, the insider now owns 337,440 shares of the company’s stock, valued at $22,237,296. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last three months, insiders sold 30,000 shares of company stock valued at $2,024,200. Insiders own 2.80% of the company’s stock.

Several hedge funds have recently modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Mercury Systems during the first quarter worth approximately $44,000. Mitsubishi UFJ Securities Holdings Co. Ltd. acquired a new stake in Mercury Systems during the second quarter worth approximately $79,000. Advisors Preferred LLC acquired a new stake in Mercury Systems during the first quarter worth approximately $106,000. LS Investment Advisors LLC grew its stake in Mercury Systems by 10.1% during the second quarter. LS Investment Advisors LLC now owns 1,595 shares of the technology company’s stock worth $112,000 after purchasing an additional 146 shares during the period. Finally, NumerixS Investment Technologies Inc acquired a new stake in Mercury Systems during the first quarter worth approximately $128,000. 84.86% of the stock is owned by institutional investors.

Mercury Systems stock traded up $0.38 during trading hours on Friday, hitting $82.38. The stock had a trading volume of 262,892 shares, compared to its average volume of 383,977. The company has a current ratio of 5.94, a quick ratio of 4.54 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $4.47 billion, a PE ratio of 54.20, a price-to-earnings-growth ratio of 4.09 and a beta of 1.09. Mercury Systems has a one year low of $41.16 and a one year high of $83.80. The business has a 50 day moving average of $72.26.

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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