According to Zacks, “Mercury Systems, Inc. is a high-tech commercial provider of secure and sensor processing subsystems designed and made in the U.S.A. powering today’s critical defense and intelligence applications. Their products and solutions have been deployed in more than 300 programs with over 25 different defense prime contractors. Key programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35 and Reaper. They operate across a broad spectrum of defense programs and deliver their solutions and services via two operating segments: Mercury Commercial Electronics and Mercury Defense Systems. “
Several other research analysts also recently commented on the company. Robert W. Baird assumed coverage on Mercury Systems in a research note on Wednesday, October 5th. They issued an outperform rating and a $30.00 target price for the company. Drexel Hamilton assumed coverage on Mercury Systems in a research report on Thursday, August 25th. They set a buy rating for the company. Jefferies Group reissued a hold rating and set a $27.00 price objective (up from $22.00) on shares of Mercury Systems in a report on Thursday, August 4th. Finally, Noble Financial reissued a hold rating on shares of Mercury Systems in a report on Wednesday, August 3rd. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $27.50.
Shares of Mercury Systems (NASDAQ:MRCY) traded up 0.94% on Wednesday, reaching $23.58. The company’s stock had a trading volume of 21,492 shares. The stock has a market cap of $951.69 million, a P/E ratio of 42.11 and a beta of 0.86. The firm’s 50-day moving average price is $23.36 and its 200-day moving average price is $22.81. Mercury Systems has a 12 month low of $15.67 and a 12 month high of $26.37.
Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 2nd. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.14 by $0.15. Mercury Systems had a return on equity of 6.47% and a net margin of 7.31%. The business earned $85.40 million during the quarter, compared to the consensus estimate of $69.51 million. During the same quarter last year, the company earned $0.18 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, analysts forecast that Mercury Systems will post $0.73 earnings per share for the current fiscal year.
In related news, Director Vincent Vitto sold 8,000 shares of the firm’s stock in a transaction dated Friday, October 7th. The stock was sold at an average price of $24.27, for a total transaction of $194,160.00. Following the transaction, the director now directly owns 61,893 shares of the company’s stock, valued at approximately $1,502,143.11. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.30% of the company’s stock.
Several institutional investors have recently made changes to their positions in MRCY. Eagle Boston Investment Management Inc. boosted its position in shares of Mercury Systems by 0.6% in the third quarter. Eagle Boston Investment Management Inc. now owns 152,804 shares of the company’s stock worth $3,754,000 after buying an additional 909 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Mercury Systems by 184.1% in the second quarter. Macquarie Group Ltd. now owns 77,000 shares of the company’s stock worth $1,914,000 after buying an additional 49,900 shares during the period. Mason Street Advisors LLC bought a new position in shares of Mercury Systems during the second quarter worth approximately $195,000. Aristotle Capital Boston LLC boosted its position in shares of Mercury Systems by 3.3% in the second quarter. Aristotle Capital Boston LLC now owns 250,294 shares of the company’s stock worth $6,222,000 after buying an additional 8,110 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Mercury Systems by 190.7% in the second quarter. Public Employees Retirement System of Ohio now owns 53,834 shares of the company’s stock worth $1,338,000 after buying an additional 35,314 shares during the period. 91.83% of the stock is currently owned by institutional investors.
Mercury Systems Company Profile
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. The Company’s technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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