Mesa Air Group (NASDAQ:MESA) posted its quarterly earnings data on Monday. The company reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.15, RTT News reports. The company had revenue of $177.53 million for the quarter, compared to the consensus estimate of $180.96 million. The firm’s quarterly revenue was up 12.9% on a year-over-year basis.
Mesa Air Group stock traded down $0.08 during mid-day trading on Monday, hitting $12.00. The company’s stock had a trading volume of 320,200 shares, compared to its average volume of 234,235. 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 12 month low of $11.05 and a 12 month high of $16.41.
In other Mesa Air Group news, insider Michael Lotz sold 140,807 shares of the business’s stock in a transaction on Tuesday, September 11th. The shares were sold at an average price of $11.16, for a total value of $1,571,406.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Jonathan G. Ornstein sold 277,388 shares of the business’s stock in a transaction on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $3,095,650.08. The disclosure for this sale can be found here. Insiders sold 479,701 shares of company stock valued at $5,353,463 over the last three months.
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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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