Equities research analysts expect that Mercury Systems Inc (NASDAQ:MRCY) will post earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Mercury Systems’ earnings, with the lowest EPS estimate coming in at $0.39 and the highest estimate coming in at $0.43. Mercury Systems reported earnings of $0.28 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, January 22nd.
On average, analysts expect that Mercury Systems will report full year earnings of $1.75 per share for the current financial year, with EPS estimates ranging from $1.70 to $1.80. For the next year, analysts anticipate that the firm will report earnings of $1.99 per share, with EPS estimates ranging from $1.90 to $2.06. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Mercury Systems.
Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings results on Tuesday, October 30th. The technology company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.35 by $0.04. The business had revenue of $144.10 million for the quarter, compared to analyst estimates of $139.12 million. Mercury Systems had a net margin of 5.72% and a return on equity of 6.97%. The company’s quarterly revenue was up 35.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.37 earnings per share.
In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $54.23, for a total value of $189,805.00. Following the transaction, the chief operating officer now owns 318,525 shares in the company, valued at approximately $17,273,610.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark Aslett sold 10,000 shares of Mercury Systems stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $47.28, for a total transaction of $472,800.00. Following the completion of the transaction, the insider now owns 397,440 shares in the company, valued at approximately $18,790,963.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 61,700 shares of company stock worth $3,219,732. 2.80% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Bank of Montreal Can purchased a new position in shares of Mercury Systems in the 2nd quarter valued at $100,000. D.A. Davidson & CO. purchased a new stake in Mercury Systems during the 3rd quarter worth $224,000. Fox Run Management L.L.C. purchased a new stake in Mercury Systems during the 3rd quarter worth $226,000. Virtu Financial LLC purchased a new stake in Mercury Systems during the 3rd quarter worth $232,000. Finally, BB&T Corp purchased a new stake in Mercury Systems during the 3rd quarter worth $250,000.
Shares of MRCY stock traded up $0.91 during trading hours on Friday, hitting $51.81. The company’s stock had a trading volume of 326,442 shares, compared to its average volume of 245,670. The firm has a market capitalization of $2.46 billion, a PE ratio of 45.85, a P/E/G ratio of 3.13 and a beta of 0.85. Mercury Systems has a twelve month low of $30.11 and a twelve month high of $57.26. The company has a debt-to-equity ratio of 0.31, a current ratio of 4.40 and a quick ratio of 2.94.
About Mercury Systems
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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