Mercury Systems (NASDAQ:MRCY) Releases FY 2020 Pre-Market Earnings Guidance

Mercury Systems (NASDAQ:MRCY) updated its FY 2020
Pre-Market earnings guidance on Tuesday. The company provided earnings per share guidance of 2.03-2.11 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.09. The company issued revenue guidance of $775-790 million, compared to the consensus revenue estimate of $787.06 million.

Shares of NASDAQ MRCY opened at $70.75 on Wednesday. The stock has a fifty day simple moving average of $72.31 and a two-hundred day simple moving average of $74.84. Mercury Systems has a 1-year low of $41.16 and a 1-year high of $89.44. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 46.55, a price-to-earnings-growth ratio of 3.50 and a beta of 1.02. The company has a current ratio of 5.35, a quick ratio of 3.77 and a debt-to-equity ratio of 0.04.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, October 29th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Mercury Systems had a return on equity of 7.59% and a net margin of 8.51%. The firm had revenue of $177.30 million for the quarter, compared to analyst estimates of $168.36 million. During the same period in the previous year, the company posted $0.39 earnings per share. The business’s revenue was up 23.1% on a year-over-year basis. Analysts forecast that Mercury Systems will post 1.76 EPS for the current year.

A number of brokerages recently issued reports on MRCY. ValuEngine cut Mercury Systems from a buy rating to a hold rating in a research note on Wednesday, October 2nd. BidaskClub lowered shares of Mercury Systems from a hold rating to a sell rating in a research report on Thursday, October 31st. Bank of America upgraded shares of Mercury Systems from an underperform rating to a neutral rating and lifted their target price for the stock from $50.00 to $85.00 in a research note on Friday, August 9th. Goldman Sachs Group began coverage on shares of Mercury Systems in a research report on Friday, August 16th. They issued a neutral rating and a $75.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Mercury Systems from a sell rating to a hold rating in a research note on Tuesday, August 6th. 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’s stock. The stock currently has an average rating of Hold and a consensus price target of $73.50.

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

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

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