Analysts Expect Mercury Systems Inc (MRCY) Will Announce Quarterly Sales of $139.12 Million

Analysts forecast that Mercury Systems Inc (NASDAQ:MRCY) will report sales of $139.12 million for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mercury Systems’ earnings. The lowest sales estimate is $138.40 million and the highest is $140.50 million. Mercury Systems reported sales of $106.07 million in the same quarter last year, which indicates a positive year over year growth rate of 31.2%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, October 30th.

On average, analysts expect that Mercury Systems will report full-year sales of $616.00 million for the current financial year, with estimates ranging from $611.50 million to $622.35 million. For the next fiscal year, analysts expect that the company will report sales of $676.40 million, with estimates ranging from $666.60 million to $693.14 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, July 31st. The technology company reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.05. The business had revenue of $152.87 million during the quarter, compared to analyst estimates of $149.31 million. Mercury Systems had a return on equity of 7.47% and a net margin of 8.29%. Mercury Systems’s revenue for the quarter was up 32.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 earnings per share.

Several brokerages have issued reports on MRCY. ValuEngine lowered Mercury Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. Zacks Investment Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 26th. BidaskClub lowered Mercury Systems from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Canaccord Genuity began coverage on Mercury Systems in a research note on Thursday, October 4th. They issued a “buy” rating and a $64.00 target price for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $53.14.

Shares of MRCY opened at $46.92 on Tuesday. The company has a market capitalization of $2.32 billion, a price-to-earnings ratio of 41.52, a PEG ratio of 3.30 and a beta of 0.52. The company has a quick ratio of 3.11, a current ratio of 4.63 and a debt-to-equity ratio of 0.25. Mercury Systems has a 1 year low of $30.11 and a 1 year high of $57.26.

In other news, COO Didier M. C. Thibaud sold 3,500 shares of the stock in a transaction that occurred on Wednesday, August 15th. The stock was sold at an average price of $49.66, for a total transaction of $173,810.00. Following the completion of the sale, the chief operating officer now owns 331,669 shares of the company’s stock, valued at $16,470,682.54. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Didier M. C. Thibaud sold 28,000 shares of the stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $48.00, for a total value of $1,344,000.00. Following the sale, the chief operating officer now directly owns 320,440 shares of the company’s stock, valued at approximately $15,381,120. The disclosure for this sale can be found here. In the last ninety days, insiders sold 73,200 shares of company stock valued at $3,806,642. 2.80% of the stock is owned by insiders.

Several large investors have recently added to or reduced their stakes in MRCY. Bank of Montreal Can purchased a new stake in shares of Mercury Systems during the second quarter valued at approximately $100,000. Engineers Gate Manager LP purchased a new stake in shares of Mercury Systems during the second quarter valued at approximately $206,000. Fox Run Management L.L.C. purchased a new stake in shares of Mercury Systems during the third quarter valued at approximately $226,000. BB&T Corp purchased a new stake in shares of Mercury Systems during the third quarter valued at approximately $250,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Mercury Systems during the first quarter valued at approximately $264,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Mercury Systems Company Profile

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

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