Mercury Systems (NASDAQ:MRCY) Updates FY 2020 Pre-Market Earnings Guidance

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Mercury Systems (NASDAQ:MRCY) issued an update on its FY 2020
Pre-Market earnings guidance on Tuesday morning. The company provided EPS guidance of 2.03-2.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.09. The company issued revenue guidance of $775-790 million, compared to the consensus revenue estimate of $787.06 million.

A number of research firms have commented on MRCY. Bank of America raised shares of Mercury Systems from an underperform rating to a neutral rating and lifted their price target for the company from $50.00 to $85.00 in a report on Friday, August 9th. Goldman Sachs Group began coverage on shares of Mercury Systems in a research note on Friday, August 16th. They issued a neutral rating and a $75.00 price objective for the company. Zacks Investment Research upgraded shares of Mercury Systems from a sell rating to a hold rating in a research report on Tuesday, August 6th. BidaskClub downgraded shares of Mercury Systems from a hold rating to a sell rating in a research report on Thursday, October 31st. Finally, ValuEngine cut shares of Mercury Systems from a buy rating to a hold rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $73.50.

MRCY stock opened at $69.10 on Tuesday. Mercury Systems has a 1-year low of $41.16 and a 1-year high of $89.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.35 and a quick ratio of 3.77. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of 45.46, a PEG ratio of 3.50 and a beta of 1.02. The business has a 50 day simple moving average of $72.41 and a two-hundred day simple moving average of $74.86.

Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 29th. The technology company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. The business had revenue of $177.30 million during the quarter, compared to analyst estimates of $168.36 million. Mercury Systems had a net margin of 8.51% and a return on equity of 7.59%. The company’s revenue was up 23.1% on a year-over-year basis. During the same period last year, the firm posted $0.39 EPS. Sell-side analysts anticipate that Mercury Systems will post 1.76 EPS for the current fiscal year.

In related news, CEO Mark Aslett sold 12,500 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $74.06, for a total transaction of $925,750.00. Also, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $73.41, for a total value of $256,935.00. Following the transaction, the chief operating officer now owns 258,865 shares of the company’s stock, valued at approximately $19,003,279.65. The disclosure for this sale can be found here. Over the last quarter, insiders sold 45,000 shares of company stock worth $3,525,555. 2.80% of the stock is currently owned by insiders.

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.

Further Reading: When can a hold rating present a buying opportunity?

Earnings History and Estimates for Mercury Systems (NASDAQ:MRCY)

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