Mercury Systems (MRCY) Receiving Somewhat Favorable Press Coverage, Study Shows

Press coverage about Mercury Systems (NASDAQ:MRCY) has been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mercury Systems earned a news impact score of 0.09 on Accern’s scale. Accern also assigned press coverage about the technology company an impact score of 46.5823755667933 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:

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NASDAQ:MRCY opened at $44.67 on Thursday. The firm has a market cap of $2,214.82, a PE ratio of 47.02, a P/E/G ratio of 3.68 and a beta of 0.36. Mercury Systems has a fifty-two week low of $36.09 and a fifty-two week high of $55.00.

Mercury Systems (NASDAQ:MRCY) last released its earnings results on Tuesday, January 23rd. The technology company reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $117.90 million for the quarter, compared to the consensus estimate of $114.89 million. Mercury Systems had a net margin of 9.61% and a return on equity of 6.32%. The business’s revenue was up 20.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 earnings per share. sell-side analysts anticipate that Mercury Systems will post 1.09 earnings per share for the current year.

A number of research analysts have commented on the company. ValuEngine lowered Mercury Systems from a “hold” rating to a “sell” rating in a report on Tuesday. Bank of America decreased their price objective on Mercury Systems from $60.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Noble Financial reaffirmed a “hold” rating on shares of Mercury Systems in a report on Thursday, January 25th. Citigroup reaffirmed a “buy” rating and issued a $61.00 price objective on shares of Mercury Systems in a report on Wednesday, January 24th. Finally, Zacks Investment Research lowered Mercury Systems from a “strong-buy” rating to a “hold” rating in a report on Saturday, January 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.83.

In other news, insider Mark Aslett sold 9,600 shares of the company’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $48.10, for a total transaction of $461,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Didier M. C. Thibaud sold 3,500 shares of the company’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $48.01, for a total value of $168,035.00. Following the sale, the chief operating officer now owns 348,440 shares of the company’s stock, valued at $16,728,604.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,400 shares of company stock valued at $2,764,488. Corporate insiders own 3.50% of the company’s stock.

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Mercury Systems Company Profile

Mercury Systems, Inc provides sensor and safety critical mission processing subsystems for various critical defense and intelligence programs in the United States. The company's products and solutions are deployed in approximately 300 programs with 25 defense prime contractors. Its principal programs include Aegis, Patriot, Surface Electronic Warfare Improvement Program, Gorgon Stare, Predator, F-35, Reaper, F-16 SABR, E2D Hawkeye, and Paveway.

Insider Buying and Selling by Quarter for Mercury Systems (NASDAQ:MRCY)

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