Mercury Systems Inc (MRCY) reported quarterly earnings results on Tuesday, Aug-2-2016. The company reported $0.23 EPS for the quarter. Analysts had a consensus estimate of $0.23. The company posted revenue of $68.80 million in the period, compared to analysts expectations of $67.52 million. The company’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.18 EPS.
Many Wall Street Analysts have commented on Mercury Systems Inc. Citigroup Initiated Mercury Systems Inc on Jun 10, 2016 to “Buy”, Price Target of the shares are set at $27.
Mercury Systems Inc opened for trading at $25.75 and hit $25.98 on the upside on Friday, eventually ending the session at $25.92, with a gain of 0.86% or 0.22 points. The heightened volatility saw the trading volume jump to 1,91,283 shares. Company has a market cap of $1,038 M.
In a different news, on May 6, 2016, Didier M C Thibaud (EVP, COO) sold 77,000 shares at $20.52 per share price. According to the SEC, on Nov 9, 2015, Mark Aslett (President and CEO) sold 15,000 shares at $18.09 per share price. On Nov 4, 2015, Vincent Vitto (director) sold 16,000 shares at $16.92 per share price, according to the Form-4 filing with the securities and exchange commission.
Mercury Systems Inc. is a commercial provider of secure and sensor processing subsystems. The Company has two segments: Mercury Commercial Electronics (MCE) and Mercury Defense Systems (MDS). The Company’s MCE segment offers technologies which include embedded processing modules and subsystems radio frequency (RF) and microwave multi-function assemblies as well as subsystems and RF and microwave components. MDS provides capabilities relating to pre-integrated electronic attack (EA) and electronic counter measure subsystems signals intelligence and electro-optical/infrared processing technologies and radar environment test and simulation systems. The Company’s products and solutions are deployed in more than 300 programs with over 25 different defense prime contractors. Its programs include Aegis Patriot Surface Electronic Warfare Improvement Program (SEWIP) Gorgon Stare Predator F-35 and Reaper.