Mercury Systems (MRCY) Set to Announce Quarterly Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY) will post its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect Mercury Systems to post earnings of ($0.15) per share for the quarter. Mercury Systems has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Mercury Systems (NASDAQ:MRCY) last issued its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The company had revenue of $197.46 million for the quarter, compared to analyst estimates of $215.41 million. Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. On average, analysts expect Mercury Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mercury Systems Stock Performance

Shares of Mercury Systems stock opened at $29.04 on Friday. The firm has a 50 day simple moving average of $28.84 and a 200 day simple moving average of $31.96. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $43.84. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.36 and a quick ratio of 2.79. The firm has a market cap of $1.72 billion, a P/E ratio of -19.49 and a beta of 0.68.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on MRCY. Royal Bank of Canada lowered their price target on Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating for the company in a research note on Wednesday, February 7th. The Goldman Sachs Group lowered their target price on shares of Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a research note on Thursday, February 8th. Finally, Truist Financial cut shares of Mercury Systems from a “buy” rating to a “hold” rating and reduced their price target for the stock from $48.00 to $28.00 in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat.com, Mercury Systems currently has a consensus rating of “Hold” and a consensus price target of $29.88.

Insiders Place Their Bets

In other Mercury Systems news, EVP Stephanie Georges sold 1,409 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total transaction of $41,664.13. Following the completion of the transaction, the executive vice president now directly owns 38,319 shares in the company, valued at $1,133,092.83. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, COO Charles Roger Iv Wells sold 1,696 shares of the firm’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $29.57, for a total transaction of $50,150.72. Following the completion of the transaction, the chief operating officer now directly owns 105,427 shares of the company’s stock, valued at approximately $3,117,476.39. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Stephanie Georges sold 1,409 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $29.57, for a total transaction of $41,664.13. Following the transaction, the executive vice president now owns 38,319 shares of the company’s stock, valued at approximately $1,133,092.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 14,133 shares of company stock worth $398,311 and have sold 3,510 shares worth $103,685. Corporate insiders own 1.80% 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.