Mesa Air Group (MESA) Scheduled to Post Quarterly Earnings on Monday

Mesa Air Group (NASDAQ:MESA) will be issuing its quarterly earnings data after the market closes on Monday, December 3rd. Analysts expect the company to announce earnings of $0.49 per share for the quarter.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings results on Monday, August 27th. The company reported $0.21 EPS for the quarter. The business had revenue of $171.74 million for the quarter. On average, analysts expect Mesa Air Group to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

MESA stock opened at $13.94 on Monday. Mesa Air Group has a one year low of $11.05 and a one year high of $16.41. The company has a debt-to-equity ratio of 3.56, a quick ratio of 0.43 and a current ratio of 0.50.

MESA has been the topic of several research reports. Raymond James initiated coverage on shares of Mesa Air Group in a research note on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 price target on the stock. Zacks Investment Research cut shares of Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Bank of America began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $20.00 target price on the stock. Stifel Nicolaus began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued a “buy” rating and a $15.00 target price on the stock. Finally, Cowen began coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They issued 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 issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $17.80.

In other news, Director Ellen N. Artist sold 12,635 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The shares were 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 is accessible through this link. Also, EVP Brian S. Gillman sold 39,398 shares of the firm’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $439,681.68. The disclosure for this sale can be found here. Insiders sold 479,701 shares of company stock worth $5,353,463 in the last 90 days.

A hedge fund recently bought a new stake in Mesa Air Group stock. Morgan Stanley purchased a new stake in Mesa Air Group Inc (NASDAQ:MESA) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 15,432 shares of the company’s stock, valued at approximately $214,000. Morgan Stanley owned approximately 0.07% of Mesa Air Group as of its most recent SEC filing. 35.31% of the stock is owned by hedge funds and other institutional investors.

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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.

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