Mercury Systems (NASDAQ:MRCY) Issues Earnings Results, Misses Expectations By $0.04 EPS

Mercury Systems (NASDAQ:MRCY) released its earnings results on Tuesday. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Zacks reports. Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%.

Mercury Systems Trading Up 18.5 %

Shares of MRCY opened at $49.88 on Thursday. The firm’s 50-day moving average is $41.05 and its two-hundred day moving average is $38.29. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $52.25. The company has a current ratio of 4.10, a quick ratio of 2.59 and a debt-to-equity ratio of 0.41. The firm has a market capitalization of $2.97 billion, a P/E ratio of -24.33 and a beta of 0.79.

Analysts Set New Price Targets

MRCY has been the topic of a number of research reports. Jefferies Financial Group upgraded Mercury Systems from an “underperform” rating to a “hold” rating and raised their price objective for the company from $30.00 to $42.00 in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price objective on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, November 7th. Baird R W upgraded shares of Mercury Systems from a “hold” rating to a “strong-buy” rating in a research note on Wednesday. StockNews.com raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, December 5th. Finally, Robert W. Baird upgraded Mercury Systems from a “neutral” rating to an “outperform” rating and raised their price target for the stock from $37.00 to $58.00 in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $42.14.

Insider Transactions at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the transaction, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Mercury Systems Company Profile

Mercury Systems, Inc, a technology company, manufactures and sells components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.