Mercury Systems (NASDAQ:MRCY) Earns "Sell (D-)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has restated its "sell (D-)" rating for Mercury Systems (NASDAQ:MRCY), indicating potential concerns about the company's performance.
• Mercury Systems reported a quarterly earnings per share of $0.47, surpassing estimates, and their revenue increased by 9.9% year-over-year to $273.11 million.
• Multiple analysts have recently rated MRCY, resulting in a consensus "Moderate Buy" rating and a price target of $70.67.

Mercury Systems (NASDAQ:MRCY - Get Free Report)'s stock had its "sell (d-)" rating restated by equities research analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts have also recently weighed in on MRCY. Royal Bank Of Canada upgraded shares of Mercury Systems from a "hold" rating to a "moderate buy" rating in a research report on Wednesday, October 1st. Zacks Research cut shares of Mercury Systems from a "strong-buy" rating to a "hold" rating in a research report on Friday, September 19th. The Goldman Sachs Group boosted their price objective on shares of Mercury Systems from $35.00 to $39.00 and gave the company a "sell" rating in a research report on Wednesday, August 13th. UBS Group set a $88.00 price target on shares of Mercury Systems in a report on Thursday, October 2nd. Finally, Canaccord Genuity Group began coverage on shares of Mercury Systems in a report on Thursday, October 2nd. They issued a "buy" rating and a $88.00 price target on the stock. Two equities research analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $70.67.

Mercury Systems Trading Up 0.5%

Shares of MRCY opened at $83.92 on Wednesday. The company's fifty day moving average is $69.17 and its 200 day moving average is $55.99. Mercury Systems has a fifty-two week low of $32.32 and a fifty-two week high of $85.33. The stock has a market capitalization of $5.04 billion, a PE ratio of -127.15, a P/E/G ratio of 3.47 and a beta of 0.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.41 and a current ratio of 3.52.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The technology company reported $0.47 earnings per share for the quarter, topping the consensus estimate of $0.21 by $0.26. Mercury Systems had a negative net margin of 4.16% and a positive return on equity of 0.58%. The company had revenue of $273.11 million for the quarter, compared to analysts' expectations of $244.56 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Mercury Systems's quarterly revenue was up 9.9% on a year-over-year basis. Sell-side analysts expect that Mercury Systems will post -0.08 earnings per share for the current fiscal year.

Insider Activity at Mercury Systems

In other Mercury Systems news, CEO William L. Ballhaus sold 13,050 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $64.46, for a total transaction of $841,203.00. Following the completion of the sale, the chief executive officer directly owned 374,976 shares of the company's stock, valued at approximately $24,170,952.96. This represents a 3.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Steven Ratner sold 7,000 shares of the stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $63.76, for a total transaction of $446,320.00. Following the sale, the executive vice president directly owned 33,801 shares of the company's stock, valued at approximately $2,155,151.76. The trade was a 17.16% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 848,980 shares of company stock worth $55,529,247 over the last quarter. Corporate insiders own 1.40% of the company's stock.

Institutional Trading of Mercury Systems

Several hedge funds have recently modified their holdings of MRCY. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Mercury Systems during the fourth quarter valued at about $241,000. GAMMA Investing LLC lifted its position in shares of Mercury Systems by 6,776.2% during the first quarter. GAMMA Investing LLC now owns 45,589 shares of the technology company's stock valued at $1,964,000 after buying an additional 44,926 shares during the last quarter. SG Americas Securities LLC purchased a new stake in shares of Mercury Systems during the first quarter valued at about $1,056,000. Fifth Third Bancorp lifted its position in shares of Mercury Systems by 53.8% during the first quarter. Fifth Third Bancorp now owns 1,290 shares of the technology company's stock valued at $56,000 after buying an additional 451 shares during the last quarter. Finally, Greenwood Capital Associates LLC purchased a new stake in shares of Mercury Systems during the first quarter valued at about $434,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

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.

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