Mesa Air Group (NASDAQ:MESA) Issues Quarterly Earnings Results, Misses Expectations By $0.25 EPS

Mesa Air Group (NASDAQ:MESA) released its earnings results on Thursday. The company reported $0.30 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.25), Briefing.com reports. Mesa Air Group had a net margin of 7.68% and a return on equity of 16.52%. The business had revenue of $180.22 million for the quarter, compared to analyst estimates of $182.91 million. During the same period in the prior year, the company earned $0.37 earnings per share. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.

MESA stock traded down $3.15 on Friday, hitting $6.62. 3,108,728 shares of the company’s stock traded hands, compared to its average volume of 245,200. Mesa Air Group has a 1-year low of $5.35 and a 1-year high of $16.41. The firm has a market cap of $281.23 million and a PE ratio of 5.38. The stock’s fifty day moving average is $9.77. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.62 and a current ratio of 0.71.

Hedge funds have recently added to or reduced their stakes in the stock. First Quadrant L P CA lifted its position in shares of Mesa Air Group by 49.5% in the 2nd quarter. First Quadrant L P CA now owns 3,933 shares of the company’s stock valued at $36,000 after acquiring an additional 1,303 shares in the last quarter. Parallel Advisors LLC purchased a new stake in shares of Mesa Air Group in the 2nd quarter valued at approximately $39,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Mesa Air Group in the 2nd quarter valued at approximately $42,000. Trexquant Investment LP purchased a new stake in shares of Mesa Air Group in the 2nd quarter valued at approximately $108,000. Finally, Rhumbline Advisers lifted its position in shares of Mesa Air Group by 14.3% in the 1st quarter. Rhumbline Advisers now owns 13,667 shares of the company’s stock valued at $114,000 after acquiring an additional 1,707 shares in the last quarter. 69.49% of the stock is owned by institutional investors and hedge funds.



Several research firms recently commented on MESA. B. Riley began coverage on shares of Mesa Air Group in a research note on Friday, July 12th. They set a “buy” rating and a $16.00 target price for the company. Zacks Investment Research lowered shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Tuesday, July 16th. Finally, ValuEngine lowered shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a sell rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Mesa Air Group presently has a consensus rating of “Buy” and a consensus target price of $15.57.

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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Earnings History for Mesa Air Group (NASDAQ:MESA)

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