News stories about Mercury Systems (NASDAQ:MRCY) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Mercury Systems earned a news sentiment score of 0.10 on Accern’s scale. Accern also assigned news articles about the technology company an impact score of 45.3217397885333 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
Several equities research analysts recently commented on MRCY shares. Zacks Investment Research cut shares of Mercury Systems from a “buy” rating to a “hold” rating in a research report on Friday, May 26th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $43.00 price objective on shares of Mercury Systems in a research report on Wednesday, May 31st. BidaskClub raised shares of Mercury Systems from a “buy” rating to a “strong-buy” rating in a research report on Saturday, June 24th. Finally, Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Mercury Systems presently has a consensus rating of “Buy” and a consensus target price of $43.00.
Shares of Mercury Systems (NASDAQ:MRCY) opened at 47.03 on Friday. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 81.09 and a beta of 0.42. Mercury Systems has a 52 week low of $22.31 and a 52 week high of $49.24. The firm has a 50-day moving average of $46.41 and a 200 day moving average of $41.52.
Mercury Systems (NASDAQ:MRCY) last issued its earnings results on Tuesday, August 1st. The technology company reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.08. The business had revenue of $115.60 million for the quarter, compared to analyst estimates of $115.11 million. Mercury Systems had a net margin of 6.09% and a return on equity of 4.87%. Mercury Systems’s revenue was up 35.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. On average, equities analysts predict that Mercury Systems will post $1.24 earnings per share for the current fiscal year.
In other Mercury Systems news, VP Charles A. Speicher sold 7,000 shares of the firm’s stock in a transaction on Monday, August 7th. The shares were sold at an average price of $44.09, for a total value of $308,630.00. Following the transaction, the vice president now directly owns 36,983 shares of the company’s stock, valued at $1,630,580.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Mark Aslett sold 9,600 shares of the firm’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $47.32, for a total transaction of $454,272.00. Following the completion of the transaction, the insider now directly owns 519,382 shares in the company, valued at $24,577,156.24. The disclosure for this sale can be found here. Insiders sold 21,400 shares of company stock worth $990,518 over the last ninety days. Insiders own 3.50% of the company’s stock.
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About Mercury Systems
Mercury Systems, Inc is a commercial provider of secure processing subsystems designed and made in the United States. The Company’s solutions support a range of defense and intelligence programs. Its technologies include embedded processing modules and subsystems, radio frequency (RF) and microwave multi-function assemblies, as well as subsystems, and RF and microwave components.
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