Zacks: Analysts Expect Mesa Air Group Inc (MESA) Will Post Earnings of $0.49 Per Share

Equities research analysts expect that Mesa Air Group Inc (NASDAQ:MESA) will report $0.49 earnings per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Mesa Air Group’s earnings, with the highest EPS estimate coming in at $0.57 and the lowest estimate coming in at $0.34. The firm is expected to announce its next earnings report after the market closes on Monday, December 3rd.

On average, analysts expect that Mesa Air Group will report full year earnings of $1.15 per share for the current fiscal year, with EPS estimates ranging from $0.74 to $1.46. For the next year, analysts anticipate that the firm will post earnings of $2.26 per share, with EPS estimates ranging from $2.10 to $2.37. Zacks Investment Research’s earnings per share averages are an average based on a survey of analysts that that provide coverage for Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings data on Monday, August 27th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $171.74 million for the quarter.

MESA has been the subject of a number of analyst reports. Cowen initiated coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They set an “outperform” rating and a $16.00 price objective for the company. Zacks Investment Research cut shares of Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Raymond James initiated coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 price objective for the company. Stifel Nicolaus initiated coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Bank of America initiated coverage on shares of Mesa Air Group in a report on Tuesday, September 4th. They set a “buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $17.80.

Shares of NASDAQ MESA traded up $0.25 during mid-day trading on Friday, reaching $12.08. 240,281 shares of the company’s stock traded hands, compared to its average volume of 233,134. Mesa Air Group has a 1-year low of $11.05 and a 1-year high of $16.41. The company has a current ratio of 0.50, a quick ratio of 0.43 and a debt-to-equity ratio of 3.56.

In other Mesa Air Group news, Director Ellen N. Artist sold 12,635 shares of Mesa Air Group stock in a transaction dated 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 document filed with the SEC, which is accessible through this link. Also, CEO Jonathan G. Ornstein sold 277,388 shares of Mesa Air Group stock in a transaction dated 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. Over the last 90 days, insiders have sold 479,701 shares of company stock worth $5,353,463.

A number of hedge funds have recently made changes to their positions in the business. Axar Capital Management L.P. bought a new stake in Mesa Air Group in the third quarter worth about $23,686,000. Frontier Capital Management Co. LLC bought a new stake in Mesa Air Group in the third quarter worth about $18,935,000. Bank of New York Mellon Corp bought a new stake in Mesa Air Group in the third quarter worth about $15,679,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Mesa Air Group in the third quarter worth about $13,431,000. Finally, JPMorgan Chase & Co. bought a new stake in Mesa Air Group in the third quarter worth about $12,189,000. 35.31% of the stock is currently owned by institutional investors and hedge funds.

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.

See Also: Stock Ratings and Recommendations: Understanding Analyst Upgrades and Downgrades

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