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Last $13.99 USD
Change Today -0.04 / -0.29%
Volume 223.2K
MRCY On Other Exchanges
Symbol
Exchange
Munich
NASDAQ GS
As of 8:10 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

mercury systems inc (MRCY) Snapshot

Open
$14.04
Previous Close
$14.03
Day High
$14.04
Day Low
$13.86
52 Week High
02/12/15 - $17.59
52 Week Low
08/20/14 - $10.47
Market Cap
478.4M
Average Volume 10 Days
89.3K
EPS TTM
$0.32
Shares Outstanding
34.2M
EX-Date
--
P/E TM
44.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for MERCURY SYSTEMS INC (MRCY)

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mercury systems inc (MRCY) Details

Mercury Systems, Inc. provides open sensor processing systems and services. The company operates through two segments, Mercury Commercial Electronics (MCE) and Mercury Defense Systems (MDS). The MCE segment designs, develops, and builds open sensor processing products and subsystems that include embedded processing modules and subsystems; radio frequency (RF) and microwave multi-function assemblies, as well as subsystems; and RF and microwave components for critical commercial, defense, and intelligence applications. The MDS segment develops integrated sensor processing subsystems, including classified application-specific software and intellectual property for the command, control, communications, computers, intelligence, surveillance, and reconnaissance, as well as electronic warfare and electronic counter measure markets. The company operates in the United States, Europe, and the Asia Pacific region. Mercury Systems, Inc. was formerly known as Mercury Computer Systems, Inc. The company was founded in 1981 and is headquartered in Chelmsford, Massachusetts.

641 Employees
Last Reported Date: 05/7/15
Founded in 1981

mercury systems inc (MRCY) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $500.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $310.0K
President of Advanced of Computing Solutions ...
Total Annual Compensation: $343.4K
Chief Accounting Officer, Vice President and ...
Total Annual Compensation: $215.0K
Compensation as of Fiscal Year 2014.

mercury systems inc (MRCY) Key Developments

Mercury Systems Wins $7.1 Million Deal from U.S. Naval Surface Warfare Center

Mercury Systems announced that it won a $7.1 million indefinite quantity/indefinite delivery (IDIQ) contract by the U.S. Naval Warfare Center, Crane Division (NSWC) to supply advanced radio frequency (RF) tuners, digital receivers and related equipment to be used as spares during the installation of the AN/SLQ-32(V)6 electronic countermeasure system on U.S. Navy and Coast Guard ships. Work will be performed at the company's headquarters in Chelmsford, Massachusetts, and is expected to be complete by May 2020.

Mercury Systems, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended March 31, 2015; Provides Earnings Guidance for the Fourth Quarter and Full Year 2015

Mercury Systems, Inc. reported earnings results for the third quarter and nine months ended March 31, 2015. For the quarter, the company reported net revenues were $59,578,000 compared to $53,393,000 a year ago. Income from operations was $6,157,000 compared to loss of $1,407,000 a year ago. Income from continuing operations before income taxes was $6,163,000 compared to loss of $1,079,000 a year ago. Income from continuing operations was $4,694,000 or $0.14 diluted per share compared to loss of $270,000 or $0.01 diluted per share a year ago. Net income was $3,675,000 or $0.11 diluted per share compared to loss of $578,000 or $0.02 diluted per share a year ago. Net cash provided by operating activities was $9,113,000 compared to $2,201,000 a year ago. Purchases of property and equipment were $1,344,000 compared to $1,133,000 a year ago. Adjusted EBITDA was $11,515,000 compared to $7,773,000 a year ago. Free cash flow was $7,769,000 compared to $1,068,000 a year ago. For the nine months, the company reported net revenues were $170,728,000 compared to $155,051,000 a year ago. Income from operations was $10,424,000 compared to loss of $7,109,000 a year ago. Income from continuing operations before income taxes was $10,813,000 compared to loss of $5,931,000 a year ago. Income from continuing operations was $8,297,000 or $0.25 diluted per share compared to loss of $3,361,000 or $0.11 diluted per share a year ago. Net income was $4,439,000 or $0.13 diluted per share compared to loss of $3,879,000 or $0.13 diluted per share a year ago. Net cash provided by operating activities was $19,520,000 compared to $11,732,000 a year ago. Purchases of property and equipment were $3,467,000 compared to $5,067,000 a year ago. Adjusted EBITDA was $30,224,000 compared to $16,333,000 a year ago. Free cash flow was $16,053,000 compared to $6,665,000 a year ago. For the fourth quarter of fiscal 2015, revenues are currently forecasted to be in the range of $62 million to $64 million. At this range, GAAP income per share from continuing operations is expected to be in the range of $0.10 to $0.13 per share. Projected GAAP income per share from continuing operations includes $0.03 per share of amortization of intangible assets and $0.01 per share of restructuring and other charges. Adjusted EBITDA for the fourth quarter of fiscal 2015 is expected to be in the range of $11.7 million to $13.2 million. This forecast assumes a provisional income tax rate of approximately 39% for the fourth quarter. The company expects income from continuing operations to be in the range of $3,400,000 to $4,300,000. Revenues for the full fiscal year 2015 are projected to be in the range of $233.0 million to $235.0 million, representing 12% to 13% revenue growth relative to fiscal 2014. At this range, GAAP income per share from continuing operations is forecasted to be higher than prior guidance due to the company's strong year-to-date performance, and is now projected to be in the range of $0.35 to $0.38 per share. Projected fiscal 2015 GAAP income per share from continuing operations includes $0.06 per share of restructuring and other charges and $0.13 per share for amortization of intangible assets. Adjusted EBITDA for fiscal 2015 is also forecasted to be higher than previous guidance, and is currently expected to be in the range of $42.0 million to $43.5 million. The company expects income from continuing operations to be in the range of $11,600,000 to $12,500,000.

Mercury Systems Seeks Acquisitions

Mercury Systems, Inc. (NasdaqGS:MRCY) will consider acquisitions. Mark Aslett, President and Chief Executive Officer of Mercury Systems said, "With our technology investments, sales strategies, and acquisitions, we've created a platform that should enable us to continue growing organically, as well as scale through future acquisitions. We will continue to drive innovation internally, while also seeking to acquire companies that support the key pillars of the business - RF and microwave, along with processing."

 

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Industry Analysis

MRCY

Industry Average

Valuation MRCY Industry Range
Price/Earnings 58.6x
Price/Sales 2.0x
Price/Book 1.3x
Price/Cash Flow 121.9x
TEV/Sales 1.8x
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