Mercury Systems (NASDAQ:MRCY – Get Rating) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 2nd. Analysts expect the company to announce earnings of $0.85 per share for the quarter. Mercury Systems has set its Q4 guidance at $0.96-1.06 EPS.Parties interested in participating in the company’s conference call can do so using this link.
Mercury Systems (NASDAQ:MRCY – Get Rating) last posted its earnings results on Tuesday, May 3rd. The technology company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.45. The firm had revenue of $233.75 million during the quarter, compared to analysts’ expectations of $249.34 million. Mercury Systems had a net margin of 1.29% and a return on equity of 6.12%. The company’s revenue was down 9.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.53 earnings per share. On average, analysts expect Mercury Systems to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Mercury Systems Trading Up 1.3 %
Mercury Systems stock opened at $62.13 on Tuesday. The company has a debt-to-equity ratio of 0.30, a current ratio of 4.13 and a quick ratio of 2.71. The company has a market capitalization of $3.58 billion, a price-to-earnings ratio of 295.87, a PEG ratio of 16.58 and a beta of 0.89. The company’s fifty day moving average price is $60.62 and its two-hundred day moving average price is $59.92. Mercury Systems has a one year low of $44.44 and a one year high of $72.28.
Wall Street Analysts Forecast Growth
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. Starboard Value LP bought a new position in shares of Mercury Systems in the 1st quarter worth about $230,973,000. Invesco Ltd. grew its stake in Mercury Systems by 218.0% during the first quarter. Invesco Ltd. now owns 720,322 shares of the technology company’s stock worth $46,425,000 after purchasing an additional 493,801 shares during the period. Goldman Sachs Group Inc. increased its holdings in Mercury Systems by 7.8% in the first quarter. Goldman Sachs Group Inc. now owns 2,188,057 shares of the technology company’s stock worth $141,020,000 after purchasing an additional 159,068 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Mercury Systems by 32.9% in the first quarter. The Manufacturers Life Insurance Company now owns 552,838 shares of the technology company’s stock valued at $35,630,000 after buying an additional 136,778 shares during the period. Finally, State Street Corp boosted its holdings in shares of Mercury Systems by 3.2% during the 1st quarter. State Street Corp now owns 2,453,334 shares of the technology company’s stock worth $158,117,000 after buying an additional 76,459 shares in the last quarter. Institutional investors own 92.15% of the company’s stock.
About Mercury Systems
Mercury Systems, Inc, a technology company, engages in the manufacture and sale of components, products, modules, and subsystems for aerospace and defense industries in the United States, Europe, and the Asia Pacific. The company's products and solutions are deployed in approximately 300 programs with 25 defense contractors and commercial aviation customers.
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