Wall Street analysts forecast that Mercury Systems Inc (NASDAQ:MRCY) will report $0.41 earnings per share (EPS) for the current quarter, according to Zacks. Five analysts have made estimates for Mercury Systems’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.39. Mercury Systems reported earnings per share of $0.39 in the same quarter last year, which would suggest a positive year over year growth rate of 5.1%. The firm is expected to report its next quarterly earnings results on Tuesday, October 29th.

According to Zacks, analysts expect that Mercury Systems will report full-year earnings of $2.05 per share for the current year, with EPS estimates ranging from $2.00 to $2.10. For the next financial year, analysts expect that the business will post earnings of $2.35 per share, with EPS estimates ranging from $2.15 to $2.45. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover Mercury Systems.

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

A number of brokerages have recently commented on MRCY. Bank of America upgraded 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 report on Friday, August 9th. BidaskClub cut Mercury Systems from a “strong-buy” rating to a “buy” rating in a report on Friday, July 26th. Zacks Investment Research upgraded Mercury Systems from a “sell” rating to a “hold” rating in a report on Tuesday, August 6th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating in a report on Wednesday, May 1st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $76.00 target price (up previously from $64.00) on shares of Mercury Systems in a report on Friday, April 26th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $73.20.

Shares of Mercury Systems stock traded down $0.30 on Friday, reaching $82.82. The company had a trading volume of 3,122 shares, compared to its average volume of 382,349. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 54.73, a price-to-earnings-growth ratio of 4.06 and a beta of 1.09. 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 firm’s 50-day simple moving average is $73.61. Mercury Systems has a 1 year low of $41.16 and a 1 year high of $84.00.

In related news, insider Mark Aslett sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $65.90, for a total transaction of $659,000.00. Following the completion of the sale, the insider now directly owns 337,440 shares of the company’s stock, valued at approximately $22,237,296. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 30,000 shares of company stock valued at $2,024,200 over the last three months. 2.80% of the stock is owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Flagship Harbor Advisors LLC bought a new stake in Mercury Systems during the 1st quarter valued at $44,000. Mark Sheptoff Financial Planning LLC raised its position in Mercury Systems by 250.0% during the 2nd quarter. Mark Sheptoff Financial Planning LLC now owns 700 shares of the technology company’s stock valued at $49,000 after purchasing an additional 500 shares in the last quarter. Pearl River Capital LLC bought a new stake in Mercury Systems during the 2nd quarter valued at $76,000. Mitsubishi UFJ Securities Holdings Co. Ltd. bought a new stake in Mercury Systems during the 2nd quarter valued at $79,000. Finally, Advisors Preferred LLC bought a new stake in Mercury Systems during the 1st quarter valued at $106,000. 84.53% of the stock is owned by hedge funds and other institutional investors.

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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