$176.41 Million in Sales Expected for Mesa Air Group Inc (MESA) This Quarter

Wall Street analysts predict that Mesa Air Group Inc (NASDAQ:MESA) will report sales of $176.41 million for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Mesa Air Group’s earnings, with the highest sales estimate coming in at $177.00 million and the lowest estimate coming in at $175.43 million. The business is scheduled to announce its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mesa Air Group will report full year sales of $712.50 million for the current year, with estimates ranging from $711.00 million to $714.00 million. For the next fiscal year, analysts expect that the firm will post sales of $804.03 million, with estimates ranging from $793.20 million to $814.90 million. Zacks’ sales averages are an average based on a survey of research firms that that provide coverage for Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last posted its earnings results on Monday, December 3rd. The company reported $0.65 EPS for the quarter, topping the consensus estimate of $0.50 by $0.15. The business had revenue of $177.53 million for the quarter, compared to the consensus estimate of $180.96 million. Mesa Air Group’s revenue was up 12.9% compared to the same quarter last year.



MESA has been the subject of several recent research reports. Cowen reissued a “buy” rating and set a $16.00 target price on shares of Mesa Air Group in a research report on Sunday, December 9th. Zacks Investment Research downgraded shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Wednesday, November 7th. Finally, Imperial Capital reissued an “outperform” rating and set a $16.00 target price (down from $18.00) on shares of Mesa Air Group in a research report on Thursday, December 13th. One 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 stock. Mesa Air Group has a consensus rating of “Buy” and a consensus price target of $17.40.

A number of hedge funds have recently modified their holdings of the business. Axar Capital Management L.P. bought a new stake in Mesa Air Group in the 3rd quarter worth about $23,686,000. Frontier Capital Management Co. LLC bought a new stake in Mesa Air Group in the 3rd quarter worth about $18,935,000. Bank of New York Mellon Corp bought a new stake in Mesa Air Group in the 3rd quarter worth about $15,679,000. Gilder Gagnon Howe & Co. LLC bought a new stake in Mesa Air Group in the 3rd quarter worth about $13,431,000. Finally, JPMorgan Chase & Co. bought a new stake in Mesa Air Group in the 3rd quarter worth about $12,189,000. 67.64% of the stock is owned by institutional investors and hedge funds.

NASDAQ:MESA opened at $7.75 on Friday. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 2.03. The stock has a market cap of $189.55 million and a PE ratio of 6.30. Mesa Air Group has a one year low of $6.36 and a one year high of $16.41.

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.

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