Mercury Systems Inc (MRCY) Announces Earnings Results, Beats Expectations By $0.08 EPS

Mercury Systems Inc (NASDAQ:MRCY) issued its earnings results on Tuesday, August 1st. The technology company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.08, Bloomberg Earnings reports. The business had revenue of $115.60 million during the quarter, compared to analysts’ expectations of $115.11 million. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The company’s quarterly revenue was up 35.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.23 earnings per share. Mercury Systems updated its Q1 guidance to $0.24-0.26 EPS and its FY18 guidance to $1.15-1.23 EPS.

Mercury Systems (NASDAQ MRCY) traded up 3.02% during midday trading on Friday, reaching $47.06. 462,573 shares of the company traded hands. The company’s 50-day moving average price is $43.54 and its 200 day moving average price is $39.49. The firm has a market capitalization of $2.17 billion, a PE ratio of 81.14 and a beta of 0.39. Mercury Systems has a 12 month low of $21.52 and a 12 month high of $47.26.

In other news, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction dated Monday, August 7th. The shares were sold at an average price of $44.09, for a total transaction of $308,630.00. Following the completion of the transaction, the vice president now owns 36,983 shares of the company’s stock, valued at approximately $1,630,580.47. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $39.54, for a total transaction of $379,584.00. Following the transaction, the insider now directly owns 547,849 shares of the company’s stock, valued at approximately $21,661,949.46. The disclosure for this sale can be found here. Insiders sold a total of 35,600 shares of company stock worth $1,432,286 over the last quarter. Insiders own 4.30% of the company’s stock.

A number of equities research analysts have recently commented on the stock. Noble Financial reiterated a “hold” rating on shares of Mercury Systems in a research report on Thursday, April 27th. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Wednesday, June 21st. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $39.00 target price (up from $30.00) on shares of Mercury Systems in a research report on Saturday, April 29th. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $43.00.

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Mercury Systems Company Profile

Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.

Earnings History for Mercury Systems (NASDAQ:MRCY)

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