Market Overview

UPDATE: Jefferies Reiterates Hold Rating, Lowers PT on Mercury Systems

Related MRCY
Top 4 Small-Cap Stocks In The Computer Peripherals Industry With The Highest Operating Margin
Mercury Systems Receives $5.7M Order For Naval Radar Application

In a report published Wednesday, Jefferies reiterated its Hold rating on Mercury Systems (NASDAQ: MRCY), but lowered its price target from $7.70 to $7.00.

Jefferies noted, “MRCY reported a loss of $0.16 for FQ2:13 EPS vs. our estimate of a loss of $0.22. Lower R&D expense was the majority of the difference vs. our forecast (Exhibit 1). Our FY13 EPS estimate increases to a loss of $0.35 from a loss of $0.25. Driven by lower volumes, we are revising our FY14 EPS estimate to $0.05 from $0.50.”

Mercury Systems closed on Tuesday at $7.95.

Latest Ratings for MRCY

DateFirmActionFromTo
Apr 2014JefferiesMaintainsHold
May 2013CRT CapitalUpgradesSellFairly Valued
Jan 2013JefferiesMaintainsHold

View More Analyst Ratings for MRCY
View the Latest Analyst Ratings

Posted-In: JefferiesAnalyst Color Price Target Analyst Ratings

 

Related Articles (MRCY)

Around the Web, We're Loving...

Get Benzinga's Newsletters