Mercury Systems (MRCY) Set to Announce Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Mercury Systems has set its FY 2024 guidance at EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Mercury Systems (NASDAQ:MRCY) last announced its earnings results on Tuesday, February 6th. The technology company reported ($0.58) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.48). The company had revenue of $197.46 million for the quarter, compared to analyst estimates of $215.41 million. Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. 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 Stock Down 1.0 %

Mercury Systems stock opened at $29.04 on Monday. The company has a 50 day moving average of $28.84 and a 200-day moving average of $31.92. The company has a quick ratio of 2.79, a current ratio of 4.36 and a debt-to-equity ratio of 0.41. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $43.84. The stock has a market capitalization of $1.72 billion, a PE ratio of -19.49 and a beta of 0.68.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on MRCY shares. The Goldman Sachs Group lowered their target price on Mercury Systems from $24.00 to $21.00 and set a “sell” rating for the company in a report on Thursday, February 8th. Truist Financial cut shares of Mercury Systems from a “buy” rating to a “hold” rating and decreased their price target for the stock from $48.00 to $28.00 in a research note on Wednesday, February 7th. Finally, Royal Bank of Canada cut their price objective on shares of Mercury Systems from $35.00 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, February 7th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $29.88.

Insider Buying and Selling

In other news, Director Barry R. Nearhos purchased 3,500 shares of the business’s stock in a transaction on Friday, February 9th. The stock was purchased at an average price of $27.15 per share, for a total transaction of $95,025.00. Following the completion of the purchase, the director now directly owns 3,500 shares in the company, valued at approximately $95,025. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Mercury Systems news, Director Barry R. Nearhos purchased 3,500 shares of the stock in a transaction on Friday, February 9th. The shares were purchased at an average price of $27.15 per share, with a total value of $95,025.00. Following the completion of the transaction, the director now directly owns 3,500 shares in the company, valued at $95,025. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Stephanie Georges sold 1,409 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $29.57, for a total value of $41,664.13. Following the completion of the sale, the executive vice president now directly owns 38,319 shares of the company’s stock, valued at $1,133,092.83. The disclosure for this sale can be found here. Over the last three months, insiders have bought 14,133 shares of company stock worth $398,311 and have sold 3,510 shares worth $103,685. 1.80% of the stock is owned by corporate insiders.

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.