Mercury Systems Inc Expected to Post Q4 2019 Earnings of $0.42 Per Share (MRCY)

Mercury Systems Inc (NASDAQ:MRCY) – William Blair boosted their Q4 2019 EPS estimates for shares of Mercury Systems in a research note issued to investors on Wednesday, October 31st. William Blair analyst J. Ho now forecasts that the technology company will earn $0.42 per share for the quarter, up from their previous estimate of $0.40.

Mercury Systems (NASDAQ:MRCY) last posted its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.39 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.04. The firm had revenue of $144.10 million during the quarter, compared to analysts’ expectations of $139.12 million. Mercury Systems had a net margin of 5.72% and a return on equity of 6.97%. The company’s quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.37 EPS.

Several other equities research analysts have also recently weighed in on MRCY. Zacks Investment Research cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, July 24th. ValuEngine upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. BidaskClub upgraded shares of Mercury Systems from a “strong sell” rating to a “sell” rating in a research report on Friday, August 3rd. Canaccord Genuity initiated coverage on shares of Mercury Systems in a research report on Thursday, October 4th. They issued a “buy” rating and a $64.00 price objective for the company. Finally, Drexel Hamilton set a $58.00 target price on shares of Mercury Systems and gave the company a “buy” rating in a research note on Wednesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $53.00.

MRCY opened at $47.99 on Friday. The company has a quick ratio of 3.11, a current ratio of 4.40 and a debt-to-equity ratio of 0.31. The stock has a market capitalization of $2.32 billion, a price-to-earnings ratio of 42.47, a P/E/G ratio of 3.28 and a beta of 0.85. Mercury Systems has a 1-year low of $30.11 and a 1-year high of $57.26.

Several hedge funds and other institutional investors have recently modified their holdings of MRCY. Bank of Montreal Can bought a new position in shares of Mercury Systems in the 2nd quarter valued at about $100,000. Engineers Gate Manager LP bought a new position in shares of Mercury Systems in the 2nd quarter valued at about $206,000. Fox Run Management L.L.C. bought a new position in shares of Mercury Systems in the 3rd quarter valued at about $226,000. BB&T Corp bought a new position in shares of Mercury Systems in the 3rd quarter valued at about $250,000. Finally, Cubist Systematic Strategies LLC bought a new position in shares of Mercury Systems in the 1st quarter valued at about $264,000. 96.81% of the stock is currently owned by institutional investors.

In other news, insider Mark Aslett sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 31st. The shares were sold at an average price of $45.81, for a total value of $458,100.00. Following the transaction, the insider now owns 407,440 shares of the company’s stock, valued at approximately $18,664,826.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $54.23, for a total transaction of $189,805.00. Following the completion of the transaction, the chief operating officer now directly owns 318,525 shares in the company, valued at approximately $17,273,610.75. The disclosure for this sale can be found here. Insiders sold a total of 55,200 shares of company stock worth $2,920,742 in the last ninety days. 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 and Estimates for Mercury Systems (NASDAQ:MRCY)

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