Mesa Air Group (NASDAQ:MESA) announced its quarterly earnings results on Monday. The company reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.15, RTT News reports. The company had revenue of $177.53 million for the quarter, compared to analysts’ expectations of $180.96 million. The company’s quarterly revenue was up 12.9% compared to the same quarter last year.
Shares of NASDAQ MESA traded down $0.08 during midday trading on Monday, hitting $12.00. 320,200 shares of the company traded hands, compared to its average volume of 234,235. Mesa Air Group has a 12-month low of $11.05 and a 12-month 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, EVP Brian S. Gillman sold 39,398 shares of the company’s stock in a transaction dated Tuesday, September 11th. The shares were sold at an average price of $11.16, for a total value of $439,681.68. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Ellen N. Artist sold 12,635 shares of the company’s stock in a transaction dated Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $141,006.60. The disclosure for this sale can be found here. Insiders have sold 479,701 shares of company stock worth $5,353,463 in the last quarter.
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Mesa Air Group Company Profile
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.
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