Mercury Systems (MRCY) Stock Forecast, Price & News

4 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercury Systems in the last year. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" MRCY shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in MRCY, but not buy additional shares or sell existing shares.
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4 brokerages have issued 1-year target prices for Mercury Systems' shares. Their MRCY share price forecasts range from $45.00 to $60.00. On average, they expect the company's stock price to reach $55.00 in the next twelve months. This suggests a possible upside of 31.1% from the stock's current price.
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Mercury Systems' stock was trading at $44.74 at the beginning of the year. Since then, MRCY stock has decreased by 6.2% and is now trading at $41.95.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 1st 2023.
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Mercury Systems, Inc. (NASDAQ:MRCY) issued its quarterly earnings results on Tuesday, November, 2nd. The technology company reported $0.41 EPS for the quarter, beating the consensus estimate of $0.25 by $0.16. The technology company had revenue of $225.01 million for the quarter, compared to analyst estimates of $212.50 million. Mercury Systems had a negative net margin of 0.32% and a positive trailing twelve-month return on equity of 3.82%. During the same quarter in the prior year, the company earned $0.41 earnings per share.

ETFs with the largest weight of Mercury Systems (NASDAQ:MRCY) stock in their portfolio include SPDR S&P Aerospace & Defense ETF (XAR), First Trust Indxx Aerospace & Defense ETF (MISL), SPDR Kensho Future Security ETF (FITE), Invesco Aerospace & Defense ETF (PPA), iShares U.S. Aerospace & Defense ETF (ITA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN), Roc Etf (ROCI) and ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL).

Mercury Systems updated its FY 2023 earnings guidance on Wednesday, May, 3rd. The company provided EPS guidance of $1.36-$1.50 for the period, compared to the consensus estimate of $1.93. The company issued revenue guidance of $990.00M-$1.01 billion, compared to the consensus revenue estimate of $1.03 billion.

291 employees have rated Mercury Systems Chief Executive Officer Mark Aslett on Glassdoor.com. Mark Aslett has an approval rating of 98% among the company's employees. This puts Mark Aslett in the top 20% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Mercury Systems investors own include NVIDIA (NVDA), QUALCOMM (QCOM), Advanced Micro Devices (AMD), Boeing (BA), AT&T (T), Cisco Systems (CSCO), Netflix (NFLX), Skyworks Solutions (SWKS), Micron Technology (MU) and PayPal (PYPL).

Mercury Systems trades on the NASDAQ under the ticker symbol "MRCY."

Mercury Systems' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.94%), William Blair Investment Management LLC (9.20%), State Street Corp (4.51%), Conestoga Capital Advisors LLC (4.31%), Wellington Management Group LLP (3.86%) and Jana Partners LLC (3.43%). Insiders that own company stock include Brian E Perry, Christopher C Cambria, Christopher C Cambria, Didier M C Thibaud, Howard L Lance, James Mitch Stevison, Mark Aslett, Michael Ruppert, Michelle M Mccarthy and Thomas Huber.
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Shares of MRCY stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of MRCY stock can currently be purchased for approximately $41.95.

Mercury Systems (NASDAQ:MRCY) has a market capitalization of $2.44 billion and generates $988.20 million in revenue each year. The technology company earns $11.27 million in net income (profit) each year or ($0.06) on an earnings per share basis.

The company employs 2,386 workers across the globe.

Mercury Systems' mailing address is 50 MINUTEMAN ROAD, ANDOVER MA, 01810. The official website for the company is www.mrcy.com. The technology company can be reached via phone at (978) 256-1300, via email at ir@mrcy.com, or via fax at 612-656-4400.