Mercury Systems Inc (NASDAQ:MRCY) COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction dated 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 document filed with the SEC, which is available through the SEC website.
Shares of Mercury Systems Inc (MRCY) opened at $50.86 on Tuesday. The firm has a market cap of $2,498.43, a PE ratio of 55.69, a price-to-earnings-growth ratio of 4.30 and a beta of 0.23. Mercury Systems Inc has a 12 month low of $29.31 and a 12 month high of $54.49.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.11. The business had revenue of $106.10 million during the quarter, compared to analyst estimates of $105.18 million. Mercury Systems had a net margin of 9.14% and a return on equity of 6.51%. Mercury Systems’s revenue was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. equities analysts forecast that Mercury Systems Inc will post 1.08 EPS for the current year.
A number of research analysts recently issued reports on MRCY shares. Zacks Investment Research cut shares of Mercury Systems from a “hold” rating to a “sell” rating in a research report on Thursday, September 14th. SunTrust Banks reissued a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a research report on Monday, October 2nd. Robert W. Baird reissued a “buy” rating and set a $48.00 price target on shares of Mercury Systems in a research report on Tuesday, October 24th. Finally, Noble Financial reissued a “hold” rating on shares of Mercury Systems in a research report on Thursday, October 26th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $51.17.
TRADEMARK VIOLATION NOTICE: This piece of content was originally published by Community Financial News and is the property of of Community Financial News. If you are reading this piece of content on another website, it was illegally stolen and republished in violation of U.S. & international trademark and copyright law. The correct version of this piece of content can be accessed at https://www.com-unik.info/2017/12/05/mercury-systems-inc-mrcy-coo-didier-m-c-thibaud-sells-3500-shares.html.
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.
What are top analysts saying about Mercury Systems Inc? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Mercury Systems Inc and related companies.