Mercury Systems Inc Forecasted to Post Q4 2019 Earnings of $0.35 Per Share (NASDAQ:MRCY)

Mercury Systems Inc (NASDAQ:MRCY) – Research analysts at William Blair dropped their Q4 2019 earnings estimates for Mercury Systems in a report issued on Monday, June 24th, according to Zacks Investment Research. William Blair analyst J. Ho now expects that the technology company will post earnings per share of $0.35 for the quarter, down from their prior forecast of $0.37. William Blair also issued estimates for Mercury Systems’ Q4 2020 earnings at $0.44 EPS.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings results on Tuesday, April 30th. The technology company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.04. The firm had revenue of $174.60 million during the quarter, compared to analysts’ expectations of $165.61 million. Mercury Systems had a net margin of 6.99% and a return on equity of 9.24%. The company’s revenue was up 50.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.30 EPS.

A number of other analysts also recently weighed in on the stock. Alembic Global Advisors raised shares of Mercury Systems from a “neutral” rating to an “overweight” rating in a research report on Wednesday, May 1st. Zacks Investment Research reissued a “hold” rating on shares of Western New England Bancorp in a report on Saturday, June 29th. Canaccord Genuity set a $107.00 price target on Columbia Sportswear and gave the company a “hold” rating in a research note on Friday, April 26th. Finally, BidaskClub lowered Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a research note on Friday, March 22nd. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $70.25.

Shares of MRCY traded up $1.10 during trading hours on Wednesday, reaching $71.57. 190,500 shares of the stock traded hands, compared to its average volume of 452,814. The stock has a fifty day moving average price of $69.07. Mercury Systems has a 52 week low of $38.36 and a 52 week high of $79.83. The company has a current ratio of 4.53, a quick ratio of 3.13 and a debt-to-equity ratio of 0.34. The stock has a market cap of $3.90 billion, a P/E ratio of 63.34, a price-to-earnings-growth ratio of 3.89 and a beta of 1.10.

In other Mercury Systems news, insider Mark Aslett sold 10,000 shares of the business’s stock in a transaction dated 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 owns 337,440 shares of the company’s stock, valued at $22,237,296. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 40,000 shares of company stock worth $2,764,500 over the last quarter. Company insiders own 2.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MRCY. State of Alaska Department of Revenue increased its position in Mercury Systems by 1.0% during the 1st quarter. State of Alaska Department of Revenue now owns 16,331 shares of the technology company’s stock valued at $1,046,000 after purchasing an additional 155 shares during the period. Victory Capital Management Inc. grew its position in shares of Mercury Systems by 4.0% in the 4th quarter. Victory Capital Management Inc. now owns 5,374 shares of the technology company’s stock worth $254,000 after buying an additional 209 shares during the last quarter. Arizona State Retirement System lifted its stake in Mercury Systems by 0.3% during the 1st quarter. Arizona State Retirement System now owns 74,755 shares of the technology company’s stock valued at $4,790,000 after acquiring an additional 218 shares during the period. Crossmark Global Holdings Inc. lifted its stake in Mercury Systems by 6.9% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 4,990 shares of the technology company’s stock valued at $351,000 after acquiring an additional 320 shares during the period. Finally, Oregon Public Employees Retirement Fund lifted its stake in shares of Mercury Systems by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 18,745 shares of the technology company’s stock valued at $1,201,000 after purchasing an additional 339 shares during the period. 84.11% of the stock is owned by hedge funds and other institutional investors.

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 and Estimates for Mercury Systems (NASDAQ:MRCY)

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