Brokerages forecast that Mesa Air Group Inc (NASDAQ:MESA) will announce $0.38 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Mesa Air Group’s earnings. The highest EPS estimate is $0.55 and the lowest is $0.29. Mesa Air Group reported earnings per share of $0.55 in the same quarter last year, which would suggest a negative year over year growth rate of 30.9%. The company is scheduled to announce its next earnings results on Monday, February 3rd.
According to Zacks, analysts expect that Mesa Air Group will report full year earnings of $1.68 per share for the current year, with EPS estimates ranging from $1.55 to $1.75. For the next year, analysts forecast that the company will report earnings of $2.13 per share, with EPS estimates ranging from $2.09 to $2.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that follow Mesa Air Group.
Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings results on Wednesday, December 11th. The company reported $0.36 EPS for the quarter, meeting the consensus estimate of $0.36. Mesa Air Group had a return on equity of 14.18% and a net margin of 6.58%. The firm had revenue of $187.80 million during the quarter, compared to analysts’ expectations of $178.51 million. During the same quarter last year, the firm earned $0.65 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis.
MESA has been the subject of several recent research reports. ValuEngine cut Mesa Air Group from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Raymond James cut their price target on Mesa Air Group from $15.00 to $14.00 and set a “strong-buy” rating for the company in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $13.00.
Shares of NASDAQ:MESA traded down $0.09 during midday trading on Friday, hitting $9.27. The company had a trading volume of 214,354 shares, compared to its average volume of 224,938. Mesa Air Group has a twelve month low of $5.35 and a twelve month high of $11.08. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.61 and a quick ratio of 0.53. The stock has a market cap of $300.00 million, a price-to-earnings ratio of 5.65, a price-to-earnings-growth ratio of 0.39 and a beta of 1.80. The business’s 50-day simple moving average is $8.76 and its 200-day simple moving average is $7.96.
A number of hedge funds have recently bought and sold shares of the business. UBS Group AG increased its stake in Mesa Air Group by 0.5% during the second quarter. UBS Group AG now owns 1,535,378 shares of the company’s stock worth $14,033,000 after acquiring an additional 7,138 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Mesa Air Group by 3,806.5% during the third quarter. Meeder Asset Management Inc. now owns 10,157 shares of the company’s stock worth $69,000 after acquiring an additional 9,897 shares during the last quarter. Susquehanna International Group LLP acquired a new stake in Mesa Air Group during the second quarter worth $92,000. Peak Asset Management LLC acquired a new stake in Mesa Air Group during the second quarter worth $103,000. Finally, Northern Trust Corp increased its stake in Mesa Air Group by 10.4% during the second quarter. Northern Trust Corp now owns 141,821 shares of the company’s stock worth $1,296,000 after acquiring an additional 13,363 shares during the last quarter. 67.60% of the stock is 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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