Mercury Systems (MRCY) Announces Earnings Results, Beats Estimates By $0.05 EPS

Mercury Systems (NASDAQ:MRCY) released its quarterly earnings data on Tuesday, January 29th. The technology company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.05, Bloomberg Earnings reports. Mercury Systems had a return on equity of 8.31% and a net margin of 5.88%. The firm had revenue of $159.09 million during the quarter, compared to analyst estimates of $154.45 million.

NASDAQ MRCY opened at $62.00 on Thursday. Mercury Systems has a one year low of $30.11 and a one year high of $63.51. The stock has a market capitalization of $3.04 billion, a P/E ratio of 54.87, a price-to-earnings-growth ratio of 3.70 and a beta of 1.03. The company has a quick ratio of 2.93, a current ratio of 4.29 and a debt-to-equity ratio of 0.30.

A number of analysts recently commented on MRCY shares. BidaskClub raised Mercury Systems from a “buy” rating to a “strong-buy” rating in a research note on Saturday, November 10th. Drexel Hamilton set a $58.00 price objective on Mercury Systems and gave the stock a “buy” rating in a report on Wednesday, October 31st. SunTrust Banks increased their price objective on Mercury Systems to $63.00 and gave the stock a “buy” rating in a report on Wednesday, January 30th. Zacks Investment Research upgraded Mercury Systems from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Tuesday, November 6th. Finally, ValuEngine downgraded Mercury Systems from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. One analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Mercury Systems presently has a consensus rating of “Buy” and a consensus target price of $56.67.

In other Mercury Systems news, insider Mark Aslett sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 18th. The stock was sold at an average price of $48.40, for a total value of $484,000.00. Following the transaction, the insider now directly owns 387,440 shares of the company’s stock, valued at $18,752,096. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 30,000 shares of company stock valued at $1,542,300 over the last quarter. 2.80% of the stock is owned by corporate insiders.

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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 for Mercury Systems (NASDAQ:MRCY)

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