William Blair Lifts Earnings Estimates for Mercury Systems

Mercury Systems, Inc. (NASDAQ:MRCY - Free Report) - Analysts at William Blair raised their Q3 2026 earnings per share estimates for shares of Mercury Systems in a research note issued on Wednesday, May 7th. William Blair analyst J. Ho now anticipates that the technology company will earn $0.08 per share for the quarter, up from their previous estimate of $0.06. The consensus estimate for Mercury Systems' current full-year earnings is ($0.08) per share. William Blair also issued estimates for Mercury Systems' FY2026 earnings at $0.27 EPS.

Mercury Systems (NASDAQ:MRCY - Get Free Report) last announced its earnings results on Tuesday, May 6th. The technology company reported $0.06 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.06. Mercury Systems had a negative return on equity of 2.03% and a negative net margin of 10.23%. The firm had revenue of $211.36 million during the quarter, compared to analyst estimates of $204.25 million. During the same quarter in the prior year, the company earned ($0.26) EPS. The business's revenue was up 1.5% compared to the same quarter last year.

Several other research analysts have also issued reports on MRCY. The Goldman Sachs Group increased their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a "sell" rating in a research report on Thursday, January 16th. Royal Bank of Canada raised their price objective on Mercury Systems from $48.00 to $50.00 and gave the company a "sector perform" rating in a research report on Wednesday, May 7th. Robert W. Baird raised Mercury Systems from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $37.00 to $58.00 in a research report on Wednesday, February 5th. Truist Financial raised Mercury Systems from a "hold" rating to a "buy" rating and raised their price objective for the company from $49.00 to $56.00 in a research report on Thursday, March 13th. Finally, Baird R W raised Mercury Systems from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $46.00.

Mercury Systems Stock Up 0.7%

Shares of NASDAQ:MRCY opened at $46.36 on Monday. Mercury Systems has a 52-week low of $26.48 and a 52-week high of $52.25. The firm has a market capitalization of $2.77 billion, a P/E ratio of -29.72 and a beta of 0.70. The stock has a 50 day moving average price of $46.16 and a 200-day moving average price of $42.94. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.36 and a current ratio of 3.62.

Insider Activity at Mercury Systems

In other news, EVP Stuart Kupinsky sold 2,377 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $44.12, for a total value of $104,873.24. Following the completion of the transaction, the executive vice president now owns 62,834 shares in the company, valued at $2,772,236.08. The trade was a 3.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jana Partners Management, Lp sold 88,152 shares of the company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.27, for a total value of $4,078,793.04. Following the transaction, the director now directly owns 6,861,313 shares in the company, valued at approximately $317,472,952.51. The trade was a 1.27% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 93,466 shares of company stock valued at $4,313,247 in the last 90 days. Corporate insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Mercury Systems

Several institutional investors have recently modified their holdings of the business. Altfest L J & Co. Inc. boosted its position in shares of Mercury Systems by 4.6% during the first quarter. Altfest L J & Co. Inc. now owns 17,602 shares of the technology company's stock valued at $758,000 after buying an additional 770 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Mercury Systems by 143.2% during the first quarter. PNC Financial Services Group Inc. now owns 5,966 shares of the technology company's stock valued at $257,000 after buying an additional 3,513 shares during the last quarter. US Bancorp DE boosted its position in shares of Mercury Systems by 43.0% during the first quarter. US Bancorp DE now owns 2,489 shares of the technology company's stock valued at $107,000 after buying an additional 749 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of Mercury Systems by 63.7% during the first quarter. Natixis Advisors LLC now owns 26,642 shares of the technology company's stock valued at $1,148,000 after buying an additional 10,367 shares during the last quarter. Finally, Mackenzie Financial Corp purchased a new stake in shares of Mercury Systems during the first quarter valued at $683,000. 95.99% of the stock is owned by hedge funds and other institutional investors.

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.

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