Mercury Systems (MRCY) to Release Quarterly Earnings on Tuesday

Mercury Systems (NASDAQ:MRCYGet Free Report) will issue its quarterly earnings data after the market closes on Tuesday, February 6th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Mercury Systems has set its FY24 guidance at $1.19-$1.54 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Mercury Systems (NASDAQ:MRCYGet Free Report) last announced its earnings results on Tuesday, November 7th. The technology company reported ($0.36) EPS for the quarter, missing the consensus estimate of ($0.04) by ($0.32). Mercury Systems had a negative net margin of 5.47% and a negative return on equity of 0.17%. The business had revenue of $180.99 million for the quarter, compared to the consensus estimate of $218.16 million. On average, analysts expect Mercury Systems to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Mercury Systems Stock Down 0.5 %

Shares of Mercury Systems stock opened at $30.55 on Monday. Mercury Systems has a one year low of $28.90 and a one year high of $56.68. The company has a debt-to-equity ratio of 0.37, a current ratio of 4.65 and a quick ratio of 2.88. The stock’s 50-day moving average is $34.09 and its 200 day moving average is $35.86. The firm has a market cap of $1.81 billion, a price-to-earnings ratio of -34.33, a PEG ratio of 37.09 and a beta of 0.71.

Insider Activity at Mercury Systems

In other Mercury Systems news, Director Jana Partners Management, Lp purchased 64,435 shares of the firm’s stock in a transaction that occurred on Tuesday, November 28th. The stock was bought at an average cost of $33.14 per share, with a total value of $2,135,375.90. Following the completion of the transaction, the director now owns 5,035,743 shares of the company’s stock, valued at approximately $166,884,523.02. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders acquired 343,948 shares of company stock valued at $11,497,640. 1.80% of the stock is owned by insiders.

Institutional Trading of Mercury Systems

Large investors have recently bought and sold shares of the company. Point72 Middle East FZE purchased a new stake in Mercury Systems in the fourth quarter worth $35,000. Qube Research & Technologies Ltd purchased a new stake in Mercury Systems in the third quarter worth $33,000. Captrust Financial Advisors increased its position in Mercury Systems by 60.7% in the first quarter. Captrust Financial Advisors now owns 1,573 shares of the technology company’s stock worth $101,000 after buying an additional 594 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Mercury Systems by 588.9% in the fourth quarter. Deutsche Bank AG now owns 2,177 shares of the technology company’s stock worth $97,000 after acquiring an additional 1,861 shares during the period. Finally, Advisor Group Holdings Inc. boosted its holdings in shares of Mercury Systems by 7.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 2,960 shares of the technology company’s stock worth $132,000 after acquiring an additional 193 shares during the period. 95.99% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group lowered Mercury Systems from a “hold” rating to an “underperform” rating and cut their price target for the stock from $35.00 to $30.00 in a report on Wednesday, January 3rd. The Goldman Sachs Group reiterated a “sell” rating and issued a $24.00 price target (down previously from $37.00) on shares of Mercury Systems in a report on Wednesday, January 10th. Finally, Bank of America reiterated an “underperform” rating and issued a $30.00 price target on shares of Mercury Systems in a report on Wednesday, November 29th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. According to MarketBeat, Mercury Systems presently has a consensus rating of “Hold” and a consensus price target of $33.38.

Read Our Latest Report on MRCY

About Mercury Systems

(Get Free Report)

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.

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Earnings History for Mercury Systems (NASDAQ:MRCY)

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