$192.96 Million in Sales Expected for Mercury Systems Inc (NASDAQ:MRCY) This Quarter

Analysts expect Mercury Systems Inc (NASDAQ:MRCY) to post $192.96 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Mercury Systems’ earnings. The lowest sales estimate is $190.10 million and the highest is $195.68 million. Mercury Systems posted sales of $159.09 million in the same quarter last year, which suggests a positive year-over-year growth rate of 21.3%. The firm is expected to report its next quarterly earnings results on Tuesday, February 4th.

On average, analysts expect that Mercury Systems will report full-year sales of $787.72 million for the current financial year, with estimates ranging from $782.40 million to $793.20 million. For the next financial year, analysts anticipate that the firm will report sales of $878.95 million, with estimates ranging from $837.20 million to $959.78 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, October 29th. The technology company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Mercury Systems had a net margin of 8.51% and a return on equity of 7.59%. The company had revenue of $177.30 million for the quarter, compared to analyst estimates of $168.36 million. During the same quarter in the previous year, the business earned $0.39 earnings per share. Mercury Systems’s revenue was up 23.1% compared to the same quarter last year.

A number of research firms have commented on MRCY. Goldman Sachs Group started coverage on Mercury Systems in a research report on Friday, August 16th. They issued a “neutral” rating and a $75.00 price target on the stock. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating in a research report on Tuesday, August 6th. Bank of America upgraded Mercury Systems from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $50.00 to $85.00 in a research report on Friday, August 9th. ValuEngine lowered Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, BidaskClub cut Mercury Systems from a “hold” rating to a “sell” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $73.50.

Shares of NASDAQ:MRCY opened at $70.75 on Wednesday. The firm has a market cap of $4.07 billion, a P/E ratio of 46.55, a P/E/G ratio of 3.50 and a beta of 1.02. Mercury Systems has a 12-month low of $41.16 and a 12-month high of $89.44. The business has a fifty day simple moving average of $72.31 and a 200 day simple moving average of $74.84. The company has a quick ratio of 3.77, a current ratio of 5.35 and a debt-to-equity ratio of 0.04.

In related news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $73.41, for a total transaction of $256,935.00. Following the completion of the sale, the chief operating officer now owns 258,865 shares of the company’s stock, valued at $19,003,279.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael A. Daniels sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $77.68, for a total value of $116,520.00. Following the sale, the director now directly owns 73,937 shares of the company’s stock, valued at approximately $5,743,426.16. The disclosure for this sale can be found here. Insiders have sold 45,000 shares of company stock valued at $3,525,555 in the last three months. 2.80% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC acquired a new position in shares of Mercury Systems during the 2nd quarter valued at $364,000. Aperio Group LLC increased its stake in Mercury Systems by 21.7% in the second quarter. Aperio Group LLC now owns 16,395 shares of the technology company’s stock valued at $1,153,000 after purchasing an additional 2,922 shares in the last quarter. D. E. Shaw & Co. Inc. raised its holdings in shares of Mercury Systems by 11.2% during the second quarter. D. E. Shaw & Co. Inc. now owns 244,609 shares of the technology company’s stock valued at $17,208,000 after purchasing an additional 24,553 shares during the period. SG Americas Securities LLC raised its holdings in shares of Mercury Systems by 1,751.6% during the second quarter. SG Americas Securities LLC now owns 40,050 shares of the technology company’s stock valued at $2,818,000 after purchasing an additional 37,887 shares during the period. Finally, New York State Teachers Retirement System boosted its position in shares of Mercury Systems by 7.5% during the 3rd quarter. New York State Teachers Retirement System now owns 71,581 shares of the technology company’s stock worth $5,810,000 after purchasing an additional 5,000 shares in the last quarter. Hedge funds and other institutional investors own 96.77% 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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