Mercury Systems Inc. (MRCY) Expected to Announce Quarterly Sales of $149.60 Million

Analysts forecast that Mercury Systems Inc. (NASDAQ:MRCY) will announce $149.60 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for Mercury Systems’ earnings, with the lowest sales estimate coming in at $148.50 million and the highest estimate coming in at $152.03 million. Mercury Systems reported sales of $115.61 million during the same quarter last year, which indicates a positive year over year growth rate of 29.4%. The firm is expected to report its next earnings results on Tuesday, August 7th.

On average, analysts expect that Mercury Systems will report full-year sales of $489.93 million for the current financial year, with estimates ranging from $488.80 million to $492.34 million. For the next financial year, analysts forecast that the business will report sales of $572.06 million per share, with estimates ranging from $566.89 million to $585.21 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, April 24th. The technology company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.35 by ($0.05). The company had revenue of $116.30 million for the quarter, compared to analyst estimates of $128.45 million. Mercury Systems had a net margin of 8.68% and a return on equity of 6.83%. The firm’s quarterly revenue was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.29 EPS.



Several research firms have commented on MRCY. ValuEngine cut shares of Mercury Systems from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Jefferies Group reissued a “hold” rating and set a $44.00 target price on shares of Mercury Systems in a research note on Thursday, April 26th. Zacks Investment Research raised shares of Mercury Systems from a “hold” rating to a “buy” rating and set a $48.00 target price on the stock in a research note on Thursday, April 26th. Bank of America cut shares of Mercury Systems from a “buy” rating to an “underperform” rating and lowered their target price for the company from $50.00 to $35.00 in a research note on Wednesday, April 25th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research note on Thursday, January 25th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $51.33.

Mercury Systems stock traded down $0.28 during trading hours on Monday, hitting $35.57. 849,187 shares of the company traded hands, compared to its average volume of 991,282. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 37.44, a PEG ratio of 3.11 and a beta of 0.41. The company has a current ratio of 3.95, a quick ratio of 2.47 and a debt-to-equity ratio of 0.26. Mercury Systems has a 1-year low of $30.11 and a 1-year high of $55.00.

In other Mercury Systems news, CFO Michael Ruppert acquired 3,100 shares of the stock in a transaction dated Monday, May 7th. The shares were bought at an average price of $32.66 per share, with a total value of $101,246.00. Following the purchase, the chief financial officer now directly owns 120,346 shares of the company’s stock, valued at approximately $3,930,500.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Didier M. C. Thibaud sold 3,500 shares of Mercury Systems stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of $48.00, for a total transaction of $168,000.00. Following the completion of the transaction, the chief operating officer now directly owns 358,940 shares in the company, valued at approximately $17,229,120. The disclosure for this sale can be found here. Insiders sold a total of 33,200 shares of company stock worth $1,588,879 in the last ninety days. Corporate insiders own 3.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. Catalyst Capital Advisors LLC acquired a new position in shares of Mercury Systems in the 4th quarter worth approximately $149,000. Advisor Group Inc. increased its position in shares of Mercury Systems by 70.1% in the fourth quarter. Advisor Group Inc. now owns 4,347 shares of the technology company’s stock worth $222,000 after acquiring an additional 1,791 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Mercury Systems in the fourth quarter worth approximately $229,000. Baltimore Capital Management Inc. purchased a new position in shares of Mercury Systems in the fourth quarter worth approximately $231,000. Finally, Miles Capital Inc. purchased a new position in shares of Mercury Systems in the first quarter worth approximately $237,000. 95.09% of the stock is currently owned by institutional investors.

About Mercury Systems

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

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Earnings History and Estimates for Mercury Systems (NASDAQ:MRCY)

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