Mercury Systems (MRCY) to Release Earnings on Tuesday

Mercury Systems (NASDAQ:MRCYGet 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:MRCYGet 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

A number of brokerages recently issued reports on MRCY. Royal Bank of Canada raised shares of Mercury Systems from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from $60.00 to $72.00 in a research report on Wednesday, May 18th. Robert W. Baird raised Mercury Systems from a “neutral” rating to an “outperform” rating and increased their target price for the stock from $56.00 to $72.00 in a report on Tuesday, May 31st. Jefferies Financial Group downgraded shares of Mercury Systems from a “buy” rating to a “hold” rating and lifted their price target for the company from $62.00 to $65.00 in a report on Friday, April 8th. StockNews.com began coverage on shares of Mercury Systems in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Truist Financial raised shares of Mercury Systems from a “hold” rating to a “buy” rating and raised their price objective for the company from $60.00 to $71.00 in a research note on Friday, May 13th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $65.50.

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

(Get Rating)

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.

Further Reading

Earnings History for Mercury Systems (NASDAQ:MRCY)

Receive News & Ratings for Mercury Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mercury Systems and related companies with MarketBeat.com's FREE daily email newsletter.