Mercury Systems Inc (MRCY) Forecasted to Earn FY2018 Earnings of $1.28 Per Share

Mercury Systems Inc (NASDAQ:MRCY) – SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for shares of Mercury Systems in a note issued to investors on Monday. SunTrust Banks analyst M. Ciarmoli now expects that the technology company will post earnings per share of $1.28 for the year, up from their prior forecast of $1.13. SunTrust Banks currently has a “Buy” rating and a $61.00 target price on the stock. SunTrust Banks also issued estimates for Mercury Systems’ FY2019 earnings at $1.68 EPS.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The business had revenue of $106.10 million for the quarter, compared to the consensus estimate of $105.18 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The company’s revenue for the quarter was up 21.1% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “strong-buy” rating and set a $59.00 target price on the stock in a report on Thursday. BidaskClub downgraded shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Wednesday, December 27th. Finally, Robert W. Baird boosted their target price on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an “outperform” rating in a report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. Mercury Systems currently has an average rating of “Buy” and an average target price of $53.33.

Mercury Systems (NASDAQ:MRCY) traded down $0.20 during mid-day trading on Wednesday, hitting $51.32. 154,358 shares of the stock traded hands, compared to its average volume of 250,020. Mercury Systems has a 1 year low of $29.43 and a 1 year high of $55.00. The stock has a market capitalization of $2,480.00, a P/E ratio of 59.67, a PEG ratio of 4.22 and a beta of 0.23.

In related news, COO Didier M. C. Thibaud sold 3,500 shares of the business’s stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $50.34, for a total value of $176,190.00. Following the sale, the chief operating officer now owns 383,440 shares in the company, valued at $19,302,369.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Mark Aslett sold 9,600 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $52.17, for a total transaction of $500,832.00. The disclosure for this sale can be found here. Insiders sold 62,300 shares of company stock worth $3,171,165 in the last three months. Insiders own 3.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in MRCY. Bank of Montreal Can increased its position in Mercury Systems by 29.2% in the second quarter. Bank of Montreal Can now owns 2,459 shares of the technology company’s stock worth $104,000 after purchasing an additional 556 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Mercury Systems by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 196,718 shares of the technology company’s stock worth $8,280,000 after purchasing an additional 1,927 shares during the last quarter. Legal & General Group Plc increased its position in Mercury Systems by 9.4% in the second quarter. Legal & General Group Plc now owns 86,732 shares of the technology company’s stock worth $3,649,000 after purchasing an additional 7,431 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in Mercury Systems by 52.0% in the second quarter. BNP Paribas Arbitrage SA now owns 14,909 shares of the technology company’s stock worth $628,000 after purchasing an additional 5,099 shares during the last quarter. Finally, Principal Financial Group Inc. increased its position in Mercury Systems by 3.8% in the second quarter. Principal Financial Group Inc. now owns 396,151 shares of the technology company’s stock worth $16,674,000 after purchasing an additional 14,345 shares during the last quarter. Institutional investors own 96.28% of the company’s stock.

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Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Earnings History and Estimates for Mercury Systems (NASDAQ:MRCY)

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