Mercury Systems (MRCY) to Release Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY - Get Free Report) is set to post its quarterly earnings results after the market closes on Tuesday, November 5th. Analysts expect Mercury Systems to post earnings of ($0.13) per share for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $0.32. Mercury Systems had a negative return on equity of 4.92% and a negative net margin of 16.48%. The business had revenue of $248.56 million during the quarter, compared to analysts' expectations of $223.80 million. 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 Price Performance

Shares of NASDAQ:MRCY traded down $0.16 during trading on Tuesday, reaching $33.50. 190,997 shares of the company traded hands, compared to its average volume of 583,795. The firm has a market capitalization of $1.99 billion, a PE ratio of -14.26 and a beta of 0.70. The company's 50 day moving average is $36.32 and its two-hundred day moving average is $32.91. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $42.72. The company has a quick ratio of 2.64, a current ratio of 4.07 and a debt-to-equity ratio of 0.40.

Insider Activity

In other Mercury Systems news, EVP Stephanie Georges sold 1,340 shares of Mercury Systems stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $39.49, for a total transaction of $52,916.60. Following the transaction, the executive vice president now owns 32,259 shares of the company's stock, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Stephanie Georges sold 1,340 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $52,916.60. Following the completion of the sale, the executive vice president now directly owns 32,259 shares of the company's stock, valued at $1,273,907.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Charles Roger Iv Wells sold 1,346 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $39.49, for a total transaction of $53,153.54. Following the completion of the transaction, the chief operating officer now directly owns 130,408 shares in the company, valued at $5,149,811.92. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 22,099 shares of company stock worth $865,740 over the last quarter. Insiders own 1.80% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on MRCY. StockNews.com upgraded shares of Mercury Systems from a "sell" rating to a "hold" rating in a report on Saturday, October 5th. JPMorgan Chase & Co. increased their price target on Mercury Systems from $26.00 to $36.00 and gave the company a "neutral" rating in a research note on Thursday, September 5th. Royal Bank of Canada lifted their price objective on Mercury Systems from $30.00 to $35.00 and gave the stock a "sector perform" rating in a research note on Wednesday, August 14th. Alembic Global Advisors raised shares of Mercury Systems from a "neutral" rating to an "overweight" rating and set a $48.00 target price for the company in a research report on Monday, August 19th. Finally, Truist Financial boosted their price target on shares of Mercury Systems from $26.00 to $31.00 and gave the stock a "hold" rating in a research report on Wednesday, August 14th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Mercury Systems currently has an average rating of "Hold" and a consensus target price of $33.50.

About Mercury Systems

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.