Mesa Air Group (NASDAQ:MESA) posted its earnings results on Wednesday. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36, Briefing.com reports. Mesa Air Group had a net margin of 6.58% and a return on equity of 14.36%. The business had revenue of $187.80 million for the quarter, compared to the consensus estimate of $178.51 million. During the same period last year, the company earned $0.65 EPS. The firm’s revenue was up 5.8% compared to the same quarter last year.
NASDAQ:MESA opened at $8.86 on Friday. The firm’s 50 day simple moving average is $7.66 and its 200 day simple moving average is $8.13. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.64 and a quick ratio of 0.56. Mesa Air Group has a one year low of $5.35 and a one year high of $11.08. The company has a market cap of $290.89 million, a PE ratio of 5.54, a P/E/G ratio of 0.31 and a beta of 1.67.
Separately, ValuEngine upgraded shares of Mesa Air Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Mesa Air Group currently has an average rating of “Buy” and an average price target of $12.83.
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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