$0.49 Earnings Per Share Expected for Mesa Air Group Inc (MESA) This Quarter

Equities analysts expect Mesa Air Group Inc (NASDAQ:MESA) to post earnings of $0.49 per share for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Mesa Air Group’s earnings. The highest EPS estimate is $0.57 and the lowest is $0.34. The firm is scheduled to issue its next quarterly earnings report on Monday, November 26th.

On average, analysts expect that Mesa Air Group will report full year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $1.46. For the next year, analysts expect that the company will post earnings of $2.26 per share, with EPS estimates ranging from $2.10 to $2.37. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings data on Monday, August 27th. The company reported $0.21 earnings per share for the quarter. The business had revenue of $171.74 million during the quarter.

Several brokerages have issued reports on MESA. Imperial Capital began coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $18.00 target price on the stock. Cowen began coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued an “outperform” rating and a $16.00 target price on the stock. Stifel Nicolaus began coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued a “buy” rating and a $15.00 target price on the stock. Bank of America began coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Raymond James initiated coverage on Mesa Air Group in a research note on Tuesday, September 4th. They issued a “strong-buy” rating and a $20.00 target price on the stock. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $17.80.

MESA stock opened at $13.25 on Monday. Mesa Air Group has a 1-year low of $11.05 and a 1-year high of $16.41.

In other news, insider Michael Lotz sold 140,807 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $1,571,406.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jonathan G. Ornstein sold 277,388 shares of the stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $11.16, for a total value of $3,095,650.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 479,701 shares of company stock worth $5,353,463.

Mesa Air Group Company Profile

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air services under capacity purchase agreements with the American Airlines and the United Airlines. As of March 31, 2018, it operated 145 aircraft with approximately 610 daily departures to 110 cities in the United States, Canada, Mexico, the Bahamas, and Cuba.

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