Mesa Air Group (NASDAQ:MESA) Issues Earnings Results

Mesa Air Group (NASDAQ:MESA) issued its quarterly earnings data on Thursday. The company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.25), Briefing.com reports. The company had revenue of $180.22 million for the quarter, compared to the consensus estimate of $182.91 million. Mesa Air Group had a return on equity of 16.52% and a net margin of 7.68%. The firm’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.37 EPS.

Shares of NASDAQ MESA traded down $3.15 during mid-day trading on Friday, hitting $6.62. The company’s stock had a trading volume of 3,108,728 shares, compared to its average volume of 245,200. The stock has a market capitalization of $281.23 million and a PE ratio of 5.38. The company has a current ratio of 0.71, a quick ratio of 0.62 and a debt-to-equity ratio of 1.70. Mesa Air Group has a one year low of $5.35 and a one year high of $16.41. The company has a fifty day simple moving average of $9.77.

Several research analysts have recently issued reports on MESA shares. B. Riley started coverage on shares of Mesa Air Group in a research note on Friday, July 12th. They issued a “buy” rating and a $16.00 target price on the stock. ValuEngine lowered shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research lowered shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Two analysts have rated the stock with a sell rating, five have issued a buy rating and one has given a strong buy rating to the company. Mesa Air Group has a consensus rating of “Buy” and an average price target of $15.57.

Several hedge funds and other institutional investors have recently modified their holdings of the company. First Quadrant L P CA boosted its stake in shares of Mesa Air Group by 49.5% in the 2nd quarter. First Quadrant L P CA now owns 3,933 shares of the company’s stock valued at $36,000 after purchasing an additional 1,303 shares during the last quarter. Rhumbline Advisers boosted its stake in Mesa Air Group by 14.3% during the 1st quarter. Rhumbline Advisers now owns 13,667 shares of the company’s stock worth $114,000 after acquiring an additional 1,707 shares during the last quarter. Parallel Advisors LLC bought a new position in Mesa Air Group during the 2nd quarter worth approximately $39,000. Steward Partners Investment Advisory LLC bought a new position in Mesa Air Group during the 2nd quarter worth approximately $42,000. Finally, Northern Trust Corp boosted its stake in Mesa Air Group by 4.6% during the 4th quarter. Northern Trust Corp now owns 118,776 shares of the company’s stock worth $915,000 after acquiring an additional 5,186 shares during the last quarter. 69.49% 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 carrier services under capacity purchase agreements with the American Airlines and the United Airlines. As of September 30, 2018, it operated a fleet of 145 aircraft with approximately 730 daily departures to 110 cities in the United States, Canada, Mexico, Cuba, and the Bahamas.

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Earnings History for Mesa Air Group (NASDAQ:MESA)

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