Mercury Systems (NASDAQ:MRCY) issued an update on its third quarter earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $0.33-0.35 for the period, compared to the Thomson Reuters consensus estimate of $0.34. The company issued revenue guidance of $116-120 million, compared to the consensus revenue estimate of $122.07 million.Mercury Systems also updated its FY18 guidance to $1.33-1.37 EPS.
Mercury Systems (NASDAQ MRCY) traded down $0.22 during mid-day trading on Tuesday, hitting $49.04. 634,774 shares of the stock were exchanged, compared to its average volume of 300,775. The company has a market capitalization of $2,370.00, a PE ratio of 57.02, a P/E/G ratio of 4.37 and a beta of 0.23. Mercury Systems has a 52-week low of $30.89 and a 52-week high of $55.00.
Mercury Systems (NASDAQ:MRCY) last posted its earnings results on Tuesday, January 23rd. The technology company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $117.90 million during the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a return on equity of 6.51% and a net margin of 9.14%. The firm’s revenue was up 20.3% compared to the same quarter last year. During the same period last year, the company posted $0.30 EPS. analysts predict that Mercury Systems will post 1.09 earnings per share for the current fiscal year.
A number of research analysts have recently commented on MRCY shares. Zacks Investment Research raised shares of Mercury Systems from a hold rating to a strong-buy rating and set a $60.00 target price for the company in a report on Wednesday, December 27th. BidaskClub cut shares of Mercury Systems from a hold rating to a sell rating in a report on Wednesday, December 27th. Noble Financial reissued a hold rating on shares of Mercury Systems in a report on Thursday, October 26th. SunTrust Banks reissued a buy rating on shares of Mercury Systems in a report on Friday, October 20th. Finally, Robert W. Baird increased their target price on shares of Mercury Systems from $48.00 to $59.00 and gave the stock an outperform rating in a report on Wednesday, October 25th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and an average target price of $53.33.
In related news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $51.48, for a total value of $180,180.00. Following the completion of the transaction, the chief operating officer now owns 365,940 shares in the company, valued at approximately $18,838,591.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Mark Aslett sold 4,800 shares of the firm’s stock in a transaction that occurred 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 owns 509,782 shares of the company’s stock, valued at approximately $25,448,317.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 65,800 shares of company stock valued at $3,351,345. 3.50% of the stock is owned by company insiders.
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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