Mercury Systems Inc (NASDAQ:MRCY) Releases Q1 Earnings Guidance

Mercury Systems Inc (NASDAQ:MRCY) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided EPS guidance of $0.24-0.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.28. The company issued revenue guidance of $102-107 million, compared to the consensus revenue estimate of $104.14 million.Mercury Systems also updated its FY18 guidance to $1.15-1.23 EPS.

Mercury Systems Inc (NASDAQ:MRCY) traded up 0.61% on Friday, reaching $45.91. 234,572 shares of the company’s stock traded hands. The firm has a market capitalization of $2.12 billion, a PE ratio of 79.16 and a beta of 0.39. Mercury Systems Inc has a 52-week low of $21.52 and a 52-week high of $48.17. The firm’s 50 day moving average price is $44.32 and its 200 day moving average price is $39.95.

Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. The firm had revenue of $115.60 million during the quarter, compared to analyst estimates of $115.11 million. During the same quarter in the prior year, the business posted $0.23 EPS. The business’s revenue was up 35.3% compared to the same quarter last year. On average, analysts predict that Mercury Systems Inc will post $1.24 EPS for the current fiscal year.

A number of equities analysts recently weighed in on the stock. Noble Financial reissued a hold rating on shares of Mercury Systems in a report on Thursday, August 3rd. Jefferies Group LLC reissued a hold rating and issued a $45.00 price target on shares of Mercury Systems in a report on Wednesday, August 2nd. Zacks Investment Research downgraded shares of Mercury Systems from a buy rating to a hold rating in a report on Wednesday, August 2nd. Finally, BidaskClub raised shares of Mercury Systems from a buy rating to a strong-buy rating in a report on Saturday, June 24th. Three equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of Buy and an average target price of $43.00.

In related news, insider Mark Aslett sold 9,400 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $38.04, for a total value of $357,576.00. Following the transaction, the insider now directly owns 538,249 shares in the company, valued at $20,474,991.96. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Charles A. Speicher sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, August 7th. The stock was 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 in the company, valued at $1,630,580.47. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,000 shares of company stock worth $1,045,790. Insiders own 4.30% of the company’s stock.

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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 and Estimates for Mercury Systems (NASDAQ:MRCY)

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