Mercury Systems (NASDAQ:MRCY) Issues Earnings Results, Misses Estimates By $0.04 EPS

Mercury Systems (NASDAQ:MRCY) posted its quarterly earnings results on Tuesday. The technology company reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.04), Zacks reports. Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%.

Mercury Systems Price Performance

Shares of MRCY traded up $0.10 during midday trading on Tuesday, hitting $42.09. 632,529 shares of the company traded hands, compared to its average volume of 385,682. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of -20.53 and a beta of 0.79. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $44.63. The firm has a 50 day moving average of $41.04 and a 200-day moving average of $38.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10.

Analyst Upgrades and Downgrades

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

Insider Activity

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $38.80, for a total transaction of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares of the company’s stock, valued at approximately $4,403,334.40. This trade represents a 1.33 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company’s stock.

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.