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

Mercury Systems (NASDAQ:MRCY) issued its earnings results on Tuesday. The technology company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 Trading Up 0.2 %

NASDAQ MRCY traded up $0.10 during trading on Tuesday, hitting $42.09. The stock had a trading volume of 632,529 shares, compared to its average volume of 385,682. The company has a quick ratio of 2.59, a current ratio of 4.10 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2.51 billion, a PE ratio of -20.53 and a beta of 0.79. The firm has a 50 day moving average price of $41.04 and a 200 day moving average price of $38.23. Mercury Systems has a twelve month low of $25.31 and a twelve month high of $44.63.

Insider Transactions at Mercury Systems

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

Analysts Set New Price Targets

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