Brokerages expect Mercury Systems Inc (NASDAQ:MRCY) to report $154.45 million in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Mercury Systems’ earnings, with estimates ranging from $152.10 million to $155.64 million. Mercury Systems posted sales of $117.91 million during the same quarter last year, which suggests a positive year-over-year growth rate of 31%. The firm is scheduled to announce its next quarterly earnings results on Tuesday, January 22nd.

According to Zacks, analysts expect that Mercury Systems will report full year sales of $622.13 million for the current year, with estimates ranging from $611.50 million to $633.35 million. For the next fiscal year, analysts forecast that the business will report sales of $684.75 million, with estimates ranging from $666.60 million to $705.56 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Mercury Systems.

Mercury Systems (NASDAQ:MRCY) last released its quarterly earnings data on Tuesday, October 30th. The technology company reported $0.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.04. The firm had revenue of $144.10 million during the quarter, compared to analysts’ expectations of $139.12 million. Mercury Systems had a return on equity of 6.97% and a net margin of 5.72%. The business’s revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share.

A number of analysts recently issued reports on MRCY shares. BidaskClub raised Mercury Systems from a “sell” rating to a “hold” rating in a research report on Thursday, August 30th. ValuEngine raised Mercury Systems from a “hold” rating to a “buy” rating in a research report on Thursday, August 30th. Canaccord Genuity started coverage on Mercury Systems in a research report on Thursday, October 4th. They set a “buy” rating and a $64.00 price objective for the company. Drexel Hamilton set a $58.00 price objective on Mercury Systems and gave the company a “buy” rating in a research report on Wednesday, October 31st. Finally, Zacks Investment Research raised Mercury Systems from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Tuesday, November 6th. One analyst has rated the stock with a sell rating, two have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $53.86.

MRCY traded down $0.71 during trading on Monday, reaching $48.32. 398,212 shares of the stock traded hands, compared to its average volume of 460,194. The stock has a market cap of $2.37 billion, a price-to-earnings ratio of 42.76, a PEG ratio of 3.02 and a beta of 0.80. Mercury Systems has a fifty-two week low of $30.11 and a fifty-two week high of $57.26. The company has a current ratio of 4.40, a quick ratio of 2.94 and a debt-to-equity ratio of 0.31.

In other Mercury Systems news, COO Didier M. C. Thibaud sold 3,500 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $55.06, for a total transaction of $192,710.00. Following the transaction, the chief operating officer now directly owns 315,025 shares in the company, valued at $17,345,276.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Mark Aslett sold 4,700 shares of the firm’s stock in a transaction dated Thursday, September 27th. The shares were sold at an average price of $55.11, for a total value of $259,017.00. Following the transaction, the insider now owns 414,195 shares in the company, valued at $22,826,286.45. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 58,200 shares of company stock worth $3,029,927. Corporate insiders own 2.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Montreal Can bought a new position in shares of Mercury Systems in the second quarter worth about $100,000. D.A. Davidson & CO. bought a new position in shares of Mercury Systems in the third quarter worth about $224,000. Fox Run Management L.L.C. bought a new position in shares of Mercury Systems in the third quarter worth about $226,000. Virtu Financial LLC bought a new position in shares of Mercury Systems in the third quarter worth about $232,000. Finally, BB&T Corp bought a new position in shares of Mercury Systems in the third quarter worth about $250,000.

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. Its products and solutions are deployed in approximately 300 programs with 25 defense contractors. The company's principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, Paveway, Filthy Buzzard, PGK, ProVision, P1, and AIDEWS.

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