Equities analysts expect that Mercury Systems Inc (NASDAQ:MRCY) will report $0.46 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Mercury Systems’ earnings, with the highest EPS estimate coming in at $0.48 and the lowest estimate coming in at $0.44. Mercury Systems posted earnings of $0.47 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 2.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, July 30th.
On average, analysts expect that Mercury Systems will report full year earnings of $1.83 per share for the current year, with EPS estimates ranging from $1.80 to $1.84. For the next fiscal year, analysts expect that the business will post earnings of $2.07 per share, with EPS estimates ranging from $2.03 to $2.10. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings data on Tuesday, April 30th. The technology company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.04. Mercury Systems had a net margin of 6.99% and a return on equity of 9.24%. The business had revenue of $174.60 million during the quarter, compared to analyst estimates of $165.61 million. During the same period last year, the business posted $0.30 earnings per share. Mercury Systems’s quarterly revenue was up 50.1% compared to the same quarter last year.
Shares of MRCY opened at $66.77 on Wednesday. Mercury Systems has a one year low of $36.97 and a one year high of $79.83. The business has a 50-day moving average of $70.01. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 59.09, a PEG ratio of 3.97 and a beta of 1.16. The company has a quick ratio of 3.13, a current ratio of 4.53 and a debt-to-equity ratio of 0.34.
In other Mercury Systems news, insider Mark Aslett sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $65.90, for a total transaction of $659,000.00. Following the completion of the transaction, the insider now owns 337,440 shares of the company’s stock, valued at $22,237,296. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 40,000 shares of company stock valued at $2,764,500 in the last ninety days. Insiders own 2.80% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Mercury Systems by 0.9% during the fourth quarter. BlackRock Inc. now owns 8,397,174 shares of the technology company’s stock valued at $397,102,000 after acquiring an additional 77,601 shares in the last quarter. Conestoga Capital Advisors LLC increased its position in shares of Mercury Systems by 0.6% during the first quarter. Conestoga Capital Advisors LLC now owns 1,409,386 shares of the technology company’s stock valued at $90,313,000 after acquiring an additional 7,899 shares in the last quarter. Federated Investors Inc. PA increased its position in shares of Mercury Systems by 11.7% during the first quarter. Federated Investors Inc. PA now owns 1,015,224 shares of the technology company’s stock valued at $65,056,000 after acquiring an additional 106,624 shares in the last quarter. OppenheimerFunds Inc. increased its position in shares of Mercury Systems by 10.7% during the first quarter. OppenheimerFunds Inc. now owns 898,207 shares of the technology company’s stock valued at $57,557,000 after acquiring an additional 86,858 shares in the last quarter. Finally, Ranger Investment Management L.P. increased its position in shares of Mercury Systems by 34.8% during the fourth quarter. Ranger Investment Management L.P. now owns 699,662 shares of the technology company’s stock valued at $33,087,000 after acquiring an additional 180,524 shares in the last quarter. 84.31% of the stock is owned by 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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