Mercury Systems - MRCY Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Mercury Systems in the last twelve months. There are currently 3 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" MRCY shares.
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6 Wall Street research analysts have issued 12 month price targets for Mercury Systems' shares. Their MRCY share price forecasts range from $54.00 to $71.00. On average, they anticipate the company's stock price to reach $58.67 in the next twelve months. This suggests a possible upside of 13.5% from the stock's current price.
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Mercury Systems' stock was trading at $44.74 at the start of the year. Since then, MRCY shares have increased by 15.6% and is now trading at $51.71.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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Mercury Systems, Inc. (NASDAQ:MRCY) posted its quarterly earnings results on Tuesday, November, 2nd. The technology company reported $0.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.16. The technology company had revenue of $225.01 million for the quarter, compared to the consensus estimate of $212.50 million. Mercury Systems had a positive trailing twelve-month return on equity of 4.71% and a negative net margin of 0.42%. During the same period in the prior year, the company earned $0.41 EPS.

ETFs with the largest weight of Mercury Systems (NASDAQ:MRCY) stock in their portfolio include SPDR S&P Aerospace & Defense ETF (XAR), Alger Mid Cap 40 ETF (FRTY), First Trust Indxx Aerospace & Defense ETF (MISL), SPDR Kensho Future Security ETF (FITE), iShares U.S. Aerospace & Defense ETF (ITA), Invesco Aerospace & Defense ETF (PPA), Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) and Roc Etf (ROCI).

Mercury Systems issued an update on its third quarter 2023 earnings guidance on Tuesday, January, 31st. The company provided earnings per share (EPS) guidance of $0.32-$0.42 for the period, compared to the consensus EPS estimate of $0.61. The company issued revenue guidance of $245.00 million-$260.00 million, compared to the consensus revenue estimate of $266.61 million.

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 number of retail and institutional investors. Top institutional shareholders include William Blair Investment Management LLC (8.98%), Conestoga Capital Advisors LLC (4.30%), Bamco Inc. NY (3.54%), Victory Capital Management Inc. (2.50%), Victory Capital Management Inc. (2.50%) and Victory Capital Management Inc. (2.50%). 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 $51.71.

Mercury Systems (NASDAQ:MRCY) has a market capitalization of $3.00 billion and generates $988.20 million in revenue each year. The technology company earns $11.27 million in net income (profit) each year or ($0.08) 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.