Mercury Systems (MRCY) Set to Announce Quarterly Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of ($0.13) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.23) by $0.32. Mercury Systems had a negative net margin of 16.48% and a negative return on equity of 4.92%. The company had revenue of $248.56 million during the quarter, compared to analysts’ expectations of $223.80 million. On average, analysts expect Mercury Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mercury Systems Trading Up 2.6 %

Shares of MRCY opened at $33.18 on Friday. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $42.72. The firm’s 50-day simple moving average is $36.04 and its two-hundred day simple moving average is $32.98. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.64 and a current ratio of 4.07.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a research note on Saturday, October 5th. Royal Bank of Canada lifted their target price on Mercury Systems from $30.00 to $35.00 and gave the stock a “sector perform” rating in a report on Wednesday, August 14th. Robert W. Baird boosted their price target on Mercury Systems from $26.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 14th. Alembic Global Advisors upgraded Mercury Systems from a “neutral” rating to an “overweight” rating and set a $48.00 price objective for the company in a report on Monday, August 19th. Finally, JPMorgan Chase & Co. upped their target price on shares of Mercury Systems from $26.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.50.

Insider Buying and Selling at Mercury Systems

In related news, Director Debora A. Plunkett sold 1,843 shares of the stock in a transaction dated Friday, August 30th. The shares were sold at an average price of $38.07, for a total value of $70,163.01. Following the completion of the transaction, the director now owns 11,339 shares of the company’s stock, valued at approximately $431,675.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Debora A. Plunkett sold 1,843 shares of the firm’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of $38.07, for a total value of $70,163.01. Following the completion of the sale, the director now directly owns 11,339 shares in the company, valued at $431,675.73. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO William L. Ballhaus sold 6,549 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $258,620.01. Following the transaction, the chief executive officer now owns 353,481 shares in the company, valued at $13,958,964.69. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 22,099 shares of company stock worth $865,740 in the last quarter. 1.60% of the stock is owned by corporate insiders.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.