Mercury Systems (MRCY) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media stories about Mercury Systems (NASDAQ:MRCY) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mercury Systems earned a news sentiment score of 0.02 on Accern’s scale. Accern also gave media headlines about the technology company an impact score of 44.3625614799649 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Mercury Systems (NASDAQ:MRCY) traded down $0.93 during trading on Monday, reaching $50.86. 243,268 shares of the company were exchanged, compared to its average volume of 411,521. Mercury Systems has a 52-week low of $29.31 and a 52-week high of $54.49. The stock has a market capitalization of $2,498.43, a P/E ratio of 55.69, a price-to-earnings-growth ratio of 4.30 and a beta of 0.23.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. The firm had revenue of $106.10 million during the quarter, compared to the consensus estimate of $105.18 million. During the same period in the previous year, the firm earned $0.22 earnings per share. Mercury Systems’s revenue was up 21.1% compared to the same quarter last year. sell-side analysts anticipate that Mercury Systems will post 1.08 EPS for the current fiscal year.

A number of brokerages have recently commented on MRCY. Zacks Investment Research downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating in a report on Saturday. SunTrust Banks reiterated a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a report on Monday, October 2nd. Robert W. Baird reiterated a “buy” rating and set a $48.00 price target on shares of Mercury Systems in a report on Tuesday, October 24th. Finally, Noble Financial restated a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $51.17.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $51.62, for a total transaction of $180,670.00. Following the transaction, the chief operating officer now directly owns 376,440 shares of the company’s stock, valued at $19,431,832.80. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $51.62, for a total transaction of $129,050.00. Following the transaction, the chief financial officer now directly owns 215,760 shares in the company, valued at $11,137,531.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 56,400 shares of company stock valued at $2,818,497. 3.50% of the stock is owned by insiders.

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About Mercury Systems

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.

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