Mercury Systems (MRCY) to Release Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY) is expected to be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $184,140.00 billion for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Mercury Systems Trading Down 3.8 %

MRCY stock opened at $41.10 on Tuesday. Mercury Systems has a 12 month low of $25.31 and a 12 month high of $44.63. The firm’s 50-day moving average is $40.89 and its 200 day moving average is $37.87. The company has a market capitalization of $2.45 billion, a PE ratio of -20.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MRCY shares. The Goldman Sachs Group raised their target price on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a research report on Thursday, January 16th. JPMorgan Chase & Co. raised their price target on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Truist Financial increased their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. StockNews.com upgraded shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, Jefferies Financial Group upgraded shares of Mercury Systems from an “underperform” rating to a “hold” rating and increased their price objective for the company from $30.00 to $42.00 in a research note on Monday, November 11th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $39.14.

Insider Activity

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.60% of the company’s stock.

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.