Mercury Systems (MRCY) Projected to Post Quarterly Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY - Get Free Report) will likely be announcing its earnings results before the market opens on Tuesday, February 4th. Analysts expect the company to announce earnings of ($0.04) per share and revenue of $184.14 million for the quarter. Parties interested in participating in the company's conference call can do so using this link.

Mercury Systems Stock Performance

NASDAQ:MRCY traded up $0.12 during mid-day trading on Tuesday, reaching $41.22. 268,364 shares of the stock were exchanged, compared to its average volume of 372,974. The stock has a market capitalization of $2.46 billion, a P/E ratio of -20.11 and a beta of 0.78. Mercury Systems has a 1 year low of $25.31 and a 1 year high of $44.63. The company has a 50 day simple moving average of $40.93 and a 200-day simple moving average of $37.94. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41.

Insider Buying and Selling at Mercury Systems

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of Mercury Systems stock in a transaction dated Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the completion of the sale, the chief operating officer now owns 113,488 shares in the company, valued at $4,403,334.40. The trade was a 1.33 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on MRCY shares. JPMorgan Chase & Co. raised their target price on shares of Mercury Systems from $36.00 to $40.00 and gave the stock a "neutral" rating in a research report on Thursday, November 7th. The Goldman Sachs Group raised their price objective on shares of Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. StockNews.com raised shares of Mercury Systems from a "sell" rating to a "hold" rating in a report on Thursday, December 5th. Jefferies Financial Group upgraded Mercury Systems from an "underperform" rating to a "hold" rating and boosted their price target for the company from $30.00 to $42.00 in a research report on Monday, November 11th. Finally, Truist Financial increased their price objective on Mercury Systems from $35.00 to $44.00 and gave the stock a "hold" rating in a research report on Tuesday, January 14th. One analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $39.14.

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.