Profile
Sector:
IndustrialsIndustry:
Aerospace & DefenseCountry:
United StatesIPO:
30 January 1998Website:
http://www.mrcy.comNext earnings report:
06 February 2025Last dividends:
13 March 2015Next dividends:
N/APrice
regular market | 6 min agoDividend
Analysts recommendations
Institutional Ownership
MRCY Latest News
Mercury Systems reported strong Q1 FY25 earnings, beating analyst estimates, leading to a 25% stock gain, and surpassing my previous $41.05 price target. Despite significant earnings improvement due to restructuring, Mercury Systems still faces challenges with margin recovery, revenue growth, and a $591.5 million credit facility that needs to be paid off. The company's backlog signals product demand, but FY25 sales are expected to be flat with notable EBITDA and free cash flow improvements.
MRCY's fiscal Q1 top-line results reflect progress in key areas, increased operating efficiency and improved execution across offerings.
Mercury Systems, Inc. (NASDAQ:MRCY ) Q1 2025 Earnings Conference Call November 5, 2024 5:00 PM ET Company Participants Dave Farnsworth - Executive Vice President and Chief Financial Officer Bill Ballhaus - Chairman and Chief Executive Officer Conference Call Participants Pete Skibitski - Alembic Global Peter Arment - Baird Seth Seifman - JPMorgan Michael Ciarmoli - Truist Securities Conor Walters - Jefferies Ronald Epstein - Bank of America Operator Good day, everyone, and welcome to the Mercury Systems First Quarter Fiscal 2025 Conference Call. Today's call is being recorded.
Mercury Systems (MRCY) came out with quarterly earnings of $0.04 per share, beating the Zacks Consensus Estimate of a loss of $0.13 per share. This compares to loss of $0.24 per share a year ago.
ANDOVER, Mass., Oct. 21, 2024 (GLOBE NEWSWIRE) -- Mercury Systems, Inc. (NASDAQ: MRCY, www.mrcy.com), a technology company that delivers mission-critical processing power to the edge, today announced it was awarded a five-year contract worth as much as $131.3 million from the U.S. Naval Air Systems Command (NAVAIR) to continue providing secure data transfer systems for naval aircraft.
Mercury Systems (MRCY) reported earnings 30 days ago. What's next for the stock?
The defense sector communications specialist posted a boffo fiscal fourth quarter. It posted a surprise adjusted net income figure for the period.
Mercury Systems stock surged 17% to $40 after fourth quarter results. MRCY focused on risk retirement in FY24, successfully addressing challenged programs. Expectations for enhanced margins and cash flow conversion in FY2025 and beyond, with potential for elevated returns due to risk profile.
U.S. stocks traded mixed toward the end of trading, with the Dow Jones index gaining around 250 points on Wednesday.
Aerospace and defense specialist Mercury Systems (NASDAQ: MRCY ) — which offers advanced components, circuits, semiconductors and modules, among many other product categories — saw its shares skyrocket over 20% on Wednesday. Encouraging results tied to its fiscal fourth-quarter earnings disclosure are catapulting sentiment.
What type of business is Mercury Systems?
Mercury Systems, Inc., a technology company, manufactures and sells components, products, modules, and subsystems for defense prime contractors, the U.S. government, and original equipment manufacturers commercial aerospace companies. 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. The company offers components, including power amplifiers and limiters, switches, oscillators, filters, equalizers, digital and analog converters, chips, monolithic microwave integrated circuits, and memory and storage devices; modules and sub-assemblies, such as embedded processing boards, switched fabrics and boards, digital receivers, multi-chip modules, integrated radio frequency and microwave multi-function assemblies, tuners, and transceivers, as well as graphics and video boards; and integrated subsystems. It also designs and develops digital radio frequency memory units for various modern electronic warfare applications; radar environment simulation and test systems for defense and intelligence applications; and signals intelligence payloads and EO/IR technologies for small UAV platforms, as well as onboard UAV processor systems for real-time wide area motion imagery. The company was formerly known as Mercury Computer Systems, Inc. and changed its name to Mercury Systems, Inc. in November 2012. The company was incorporated in 1981 and is headquartered in Andover, Massachusetts.
What sector is Mercury Systems in?
Mercury Systems is in the Industrials sector
What industry is Mercury Systems in?
Mercury Systems is in the Aerospace & Defense industry
What country is Mercury Systems from?
Mercury Systems is headquartered in United States
When did Mercury Systems go public?
Mercury Systems initial public offering (IPO) was on 30 January 1998
What is Mercury Systems website?
https://www.mrcy.com
Is Mercury Systems in the S&P 500?
No, Mercury Systems is not included in the S&P 500 index
Is Mercury Systems in the NASDAQ 100?
No, Mercury Systems is not included in the NASDAQ 100 index
Is Mercury Systems in the Dow Jones?
No, Mercury Systems is not included in the Dow Jones index
When was Mercury Systems the previous earnings report?
No data
When does Mercury Systems earnings report?
The next expected earnings date for Mercury Systems is 06 February 2025