Mesa Air Group (MESA) Releases Quarterly Earnings Results, Beats Estimates By $0.15 EPS

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.



Several equities analysts recently issued reports on the stock. Imperial Capital assumed coverage on shares of Mesa Air Group in a research report on Tuesday, September 4th. They set an “outperform” rating and a $18.00 price target on the stock. Cowen assumed coverage on shares of Mesa Air Group in a research report on Tuesday, September 4th. They set an “outperform” rating and a $16.00 price target on the stock. Bank of America assumed coverage on shares of Mesa Air Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $20.00 price target on the stock. Stifel Nicolaus assumed coverage on shares of Mesa Air Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $15.00 price target on the stock. Finally, Raymond James assumed coverage on shares of Mesa Air Group in a research report on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 price target on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Mesa Air Group currently has a consensus rating of “Buy” and a consensus price target of $17.80.

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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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