Mercury Systems (NASDAQ:MRCY) Posts Quarterly Earnings Results

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 Stock Up 0.2 %

Shares of MRCY traded up $0.10 on Tuesday, hitting $42.09. 642,389 shares of the stock traded hands, compared to its average volume of 386,103. Mercury Systems has a one year low of $25.31 and a one year high of $44.63. The company has a market capitalization of $2.51 billion, a PE ratio of -20.53 and a beta of 0.79. The business has a 50 day simple moving average of $41.04 and a 200 day simple 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.

Insider Activity at Mercury Systems

In other news, COO Charles Roger Iv Wells sold 1,527 shares of the firm’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total value of $59,247.60. Following the transaction, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This trade represents a 1.33 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 1.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

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.