Mercury Systems (MRCY) Set to Announce Quarterly Earnings on Tuesday

Mercury Systems (NASDAQ:MRCY - Get Free Report) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, May 7th. Analysts expect the company to announce earnings of ($0.15) per share for the quarter. Mercury Systems has set its FY 2024 guidance at EPS.Persons interested in participating in the company's earnings conference call can do so using this link.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last posted its quarterly earnings results on Tuesday, February 6th. The technology company reported ($0.58) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.48). Mercury Systems had a negative return on equity of 2.62% and a negative net margin of 9.54%. The firm had revenue of $197.46 million for the quarter, compared to analyst estimates of $215.41 million. On average, analysts expect Mercury Systems to post $-1 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Mercury Systems Stock Down 3.1 %

Mercury Systems stock traded down $0.89 during mid-day trading on Tuesday, reaching $28.20. The stock had a trading volume of 399,061 shares, compared to its average volume of 524,938. The firm has a market capitalization of $1.67 billion, a PE ratio of -18.93 and a beta of 0.70. Mercury Systems has a fifty-two week low of $25.31 and a fifty-two week high of $48.00. The stock's 50-day simple moving average is $28.79 and its 200-day simple moving average is $32.12. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.79 and a current ratio of 4.36.

Analyst Ratings Changes

Several analysts have recently commented on the company. Royal Bank of Canada lowered their price objective on Mercury Systems from $35.00 to $30.00 and set a "sector perform" rating for the company in a research note on Wednesday, February 7th. Jefferies Financial Group downgraded shares of Mercury Systems from a "hold" rating to an "underperform" rating and cut their price target for the stock from $35.00 to $30.00 in a report on Wednesday, January 3rd. Truist Financial downgraded Mercury Systems from a "buy" rating to a "hold" rating and decreased their target price for the stock from $48.00 to $28.00 in a research report on Wednesday, February 7th. Finally, The Goldman Sachs Group lowered their price target on shares of Mercury Systems from $24.00 to $21.00 and set a "sell" rating on the stock in a research report on Thursday, February 8th. Four investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $29.88.

Insider Transactions at Mercury Systems

In related news, CEO William L. Ballhaus bought 3,653 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $28.22 per share, with a total value of $103,087.66. Following the completion of the purchase, the chief executive officer now directly owns 3,653 shares of the company's stock, valued at approximately $103,087.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CFO David E. Farnsworth acquired 3,567 shares of the firm's stock in a transaction that occurred on Friday, February 9th. The shares were bought at an average cost of $28.09 per share, with a total value of $100,197.03. Following the acquisition, the chief financial officer now owns 126,618 shares in the company, valued at approximately $3,556,699.62. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William L. Ballhaus purchased 3,653 shares of the firm's stock in a transaction on Friday, February 9th. The shares were acquired at an average cost of $28.22 per share, for a total transaction of $103,087.66. Following the completion of the purchase, the chief executive officer now directly owns 3,653 shares of the company's stock, valued at approximately $103,087.66. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 14,133 shares of company stock valued at $398,311 and sold 3,510 shares valued at $103,685. 1.80% of the stock is owned by insiders.

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.