Brokerages expect Mesa Air Group Inc (NASDAQ:MESA) to report sales of $178.67 million for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Mesa Air Group’s earnings. The highest sales estimate is $182.70 million and the lowest is $176.30 million. The company is scheduled to report its next quarterly earnings results on Monday, February 4th.
On average, analysts expect that Mesa Air Group will report full-year sales of $714.83 million for the current fiscal year, with estimates ranging from $711.00 million to $721.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $803.10 million, with estimates ranging from $793.20 million to $812.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Mesa Air Group.
Mesa Air Group (NASDAQ:MESA) last released its quarterly earnings data on Monday, February 4th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.52 by $0.03. The company had revenue of $178.16 million for the quarter, compared to analysts’ expectations of $176.41 million.
Several research firms have recently weighed in on MESA. Zacks Investment Research cut shares of Mesa Air Group from a “hold” rating to a “sell” rating in a report on Wednesday, November 7th. Cowen reissued a “buy” rating and set a $16.00 price objective on shares of Mesa Air Group in a report on Sunday, December 9th. Imperial Capital reissued an “outperform” rating and set a $16.00 price objective (down from $18.00) on shares of Mesa Air Group in a report on Thursday, December 13th. Finally, Bank of America reissued a “buy” rating and set a $20.00 price objective on shares of Mesa Air Group in a report on Wednesday, February 6th. One investment analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $15.50.
Shares of MESA traded down $0.03 during mid-day trading on Monday, hitting $8.80. 184,500 shares of the company traded hands, compared to its average volume of 225,450. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.03. Mesa Air Group has a 1 year low of $6.36 and a 1 year high of $16.41. The stock has a market capitalization of $210.32 million and a price-to-earnings ratio of 7.15.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC bought a new stake in Mesa Air Group during the fourth quarter valued at approximately $27,000. New York State Common Retirement Fund bought a new stake in Mesa Air Group during the fourth quarter valued at approximately $73,000. Rhumbline Advisers bought a new stake in Mesa Air Group during the fourth quarter valued at approximately $92,000. Teachers Advisors LLC bought a new stake in Mesa Air Group during the third quarter valued at approximately $174,000. Finally, TIAA CREF Investment Management LLC bought a new stake in Mesa Air Group during the third quarter valued at approximately $193,000. Institutional investors own 67.58% of the company’s stock.
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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