Headlines about Mercury Systems (NASDAQ:MRCY) have trended positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mercury Systems earned a coverage optimism score of 0.27 on Accern’s scale. Accern also assigned news headlines about the technology company an impact score of 46.0462290889961 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Mercury Systems Receives $2.5M Order for Military Storage Application (finance.yahoo.com)
- Mercury Systems (MRCY) Set to Announce Earnings on Monday (americanbankingnews.com)
- Analysts Expect Mercury Systems Inc (MRCY) to Post $0.30 EPS (americanbankingnews.com)
- Mercury Systems Receives $4.6M GPS Filter Amplifier Order for Precision Guided Munitions Application – GlobeNewswire (press release) (globenewswire.com)
MRCY has been the subject of a number of recent analyst reports. SunTrust Banks reaffirmed a “buy” rating and set a $51.00 price target on shares of Mercury Systems in a report on Monday, October 2nd. Zacks Investment Research raised shares of Mercury Systems from a “sell” rating to a “hold” rating in a report on Wednesday, October 4th. Robert W. Baird reaffirmed a “buy” rating and set a $48.00 price target on shares of Mercury Systems in a report on Tuesday, October 24th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, October 26th. Finally, BidaskClub lowered shares of Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. One analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $53.33.
Mercury Systems (NASDAQ:MRCY) last announced its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.11. The company 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%. The firm’s revenue for the quarter was up 21.1% compared to the same quarter last year. During the same period last year, the business earned $0.22 EPS. research analysts anticipate that Mercury Systems will post 1.12 EPS for the current year.
In other Mercury Systems news, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction on Monday, October 30th. The shares were sold at an average price of $49.92, for a total transaction of $239,616.00. Following the completion of the transaction, the chief executive officer now directly owns 509,782 shares of the company’s stock, valued at approximately $25,448,317.44. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Gerald M. Haines II sold 2,500 shares of Mercury Systems stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $50.41, for a total transaction of $126,025.00. Following the completion of the transaction, the chief financial officer now directly owns 218,260 shares of the company’s stock, valued at $11,002,486.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 62,300 shares of company stock valued at $3,171,165. 3.50% of the stock is owned by company 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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