Earnings results for Mercury Systems (NASDAQ:MRCY)
Mercury Systems Inc is expected* to report earnings on 05/04/2021 after market close. The report will be for the fiscal Quarter ending Mar 2021. According to Zacks Investment Research, based on 4 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.51. The reported EPS for the same quarter last year was $0.5.
Mercury Systems last released its earnings data on February 2nd, 2021. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.51 by $0.03. The business had revenue of $210.46 million for the quarter, compared to the consensus estimate of $209.52 million. Its quarterly revenue was up 8.5% on a year-over-year basis. Mercury Systems has generated $1.92 earnings per share over the last year and currently has a price-to-earnings ratio of 50.2. Mercury Systems has confirmed that its next quarterly earnings report will be published on Tuesday, May 4th, 2021. Mercury Systems will be holding an earnings conference call on Tuesday, May 4th. Interested parties can register for or listen to the call using this link.
Analyst Opinion on Mercury Systems (NASDAQ:MRCY)
4 Wall Street analysts have issued ratings and price targets for Mercury Systems in the last 12 months. Their average twelve-month price target is $94.33, predicting that the stock has a possible upside of 25.38%. The high price target for MRCY is $106.00 and the low price target for MRCY is $81.00. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus rating of “Buy.”
Mercury Systems has received a consensus rating of Buy. The company’s average rating score is 2.75, and is based on 3 buy ratings, 1 hold rating, and no sell ratings. According to analysts’ consensus price target of $94.33, Mercury Systems has a forecasted upside of 25.4% from its current price of $75.24. Mercury Systems has received no research coverage in the past 90 days.
Dividend Strength: Mercury Systems (NASDAQ:MRCY)
Mercury Systems does not currently pay a dividend. Mercury Systems does not have a long track record of dividend growth.
Insiders buying/selling: Mercury Systems (NASDAQ:MRCY)
In the past three months, Mercury Systems insiders have sold more of their company’s stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $1,505,489.00 in company stock. Only 1.90% of the stock of Mercury Systems is held by insiders. 95.68% of the stock of Mercury Systems is held by institutions. High institutional ownership can be a signal of strong market trust in this company.
Earnings and Valuation of Mercury Systems (NASDAQ:MRCY
Earnings for Mercury Systems are expected to grow by 32.45% in the coming year, from $1.88 to $2.49 per share. The P/E ratio of Mercury Systems is 50.16, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 24.08. The P/E ratio of Mercury Systems is 50.16, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 68.85. Mercury Systems has a PEG Ratio of 5.31. PEG Ratios above 1 indicate that a company could be overvalued. Mercury Systems has a P/B Ratio of 3.02. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.
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