Mercury Systems (NASDAQ:MRCY) Issues Quarterly Earnings Results

Mercury Systems (NASDAQ:MRCY) released its quarterly earnings data on Tuesday. The technology company reported ($0.08) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04), Zacks reports. Mercury Systems had a negative return on equity of 3.96% and a negative net margin of 13.80%.

Mercury Systems Trading Up 0.2 %

Shares of NASDAQ MRCY opened at $42.09 on Wednesday. Mercury Systems has a 52 week low of $25.31 and a 52 week high of $44.63. The stock’s fifty day moving average is $41.04 and its 200 day moving average is $38.23. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.59 and a current ratio of 4.10.

Insiders Place Their Bets

In other Mercury Systems news, COO Charles Roger Iv Wells sold 1,527 shares of the company’s stock in a transaction on Monday, November 18th. The stock was sold at an average price of $38.80, for a total transaction of $59,247.60. Following the completion of the sale, the chief operating officer now directly owns 113,488 shares in the company, valued at $4,403,334.40. This represents a 1.33 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.60% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MRCY. Truist Financial lifted their target price on shares of Mercury Systems from $35.00 to $44.00 and gave the stock a “hold” rating in a report on Tuesday, January 14th. JPMorgan Chase & Co. upped their target price on Mercury Systems from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, November 7th. Jefferies Financial Group raised Mercury Systems from an “underperform” rating to a “hold” rating and lifted their price target for the stock from $30.00 to $42.00 in a report on Monday, November 11th. StockNews.com raised Mercury Systems from a “sell” rating to a “hold” rating in a report on Thursday, December 5th. Finally, The Goldman Sachs Group lifted their target price on Mercury Systems from $25.00 to $28.00 and gave the stock a “sell” rating in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.14.

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.