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

Mercury Systems (NASDAQ:MRCY) released its earnings results on Tuesday. The technology company reported ($0.08) earnings per share (EPS) 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 NASDAQ MRCY traded up $0.10 during midday trading on Tuesday, reaching $42.09. 642,389 shares of the stock traded hands, compared to its average volume of 386,103. The company’s 50 day moving average is $41.04 and its 200 day moving average is $38.23. Mercury Systems has a one year low of $25.31 and a one year high of $44.63. The company has a debt-to-equity ratio of 0.41, a current ratio of 4.10 and a quick ratio of 2.59. The stock has a market capitalization of $2.51 billion, a PE ratio of -20.53 and a beta of 0.79.

Insider Buying and Selling

In related news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $4,403,334.40. This represents a 1.33 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

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

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.