Mesa Air Group Inc (MESA) Expected to Post Earnings of $0.49 Per Share

Brokerages forecast that Mesa Air Group Inc (NASDAQ:MESA) will post $0.49 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Mesa Air Group’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.57. The business is expected to announce its next quarterly earnings results 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 business will report earnings of $2.26 per share, with EPS estimates ranging from $2.10 to $2.37. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Mesa Air Group.

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

Several equities analysts have recently issued reports on the company. Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Wednesday. Imperial Capital assumed coverage on Mesa Air Group in a research note on Tuesday, September 4th. They set an “outperform” rating and a $18.00 target price on the stock. Bank of America assumed coverage on Mesa Air Group in a research note on Tuesday, September 4th. They set a “buy” rating and a $20.00 target price on the stock. Raymond James assumed coverage on Mesa Air Group in a research note on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 target price on the stock. Finally, Cowen assumed coverage on Mesa Air Group in a research note on Tuesday, September 4th. They set an “outperform” rating and a $16.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.80.

Shares of MESA traded up $1.01 during mid-day trading on Thursday, hitting $15.12. 444,450 shares of the company’s stock traded hands, compared to its average volume of 108,568. The company has a debt-to-equity ratio of 3.56, a current ratio of 0.50 and a quick ratio of 0.43. Mesa Air Group has a 1 year low of $11.05 and a 1 year high of $16.41.

In related news, Director Ellen N. Artist sold 12,635 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $141,006.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Brian S. Gillman sold 39,398 shares of the company’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $439,681.68. The disclosure for this sale can be found here. Insiders have sold 479,701 shares of company stock worth $5,353,463 over the last three months.

Hedge funds have recently modified their holdings of the stock. First Mercantile Trust Co. purchased a new stake in Mesa Air Group in the third quarter worth $295,000. Monarch Partners Asset Management LLC purchased a new stake in Mesa Air Group in the third quarter worth $2,471,000. Wells Fargo & Company MN purchased a new stake in Mesa Air Group in the third quarter worth $10,220,000. JPMorgan Chase & Co. purchased a new stake in Mesa Air Group in the third quarter worth $12,189,000. Finally, Gilder Gagnon Howe & Co. LLC purchased a new stake in Mesa Air Group in the third quarter worth $13,431,000. 0.01% of the stock is currently owned by institutional investors.

About Mesa Air Group

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.

Recommended Story: Calculate Your Return on Investment (ROI)

Get a free copy of the Zacks research report on Mesa Air Group (MESA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mesa Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Air Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply