Mesa Air Group, Inc. (NASDAQ:MESA) Expected to Announce Earnings of $0.12 Per Share

Wall Street brokerages forecast that Mesa Air Group, Inc. (NASDAQ:MESA) will report $0.12 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Mesa Air Group’s earnings, with the highest EPS estimate coming in at $0.16 and the lowest estimate coming in at $0.08. Mesa Air Group posted earnings per share of $0.32 in the same quarter last year, which would suggest a negative year-over-year growth rate of 62.5%. The firm is expected to issue its next earnings report on Wednesday, December 8th.

On average, analysts expect that Mesa Air Group will report full-year earnings of $0.80 per share for the current year, with EPS estimates ranging from $0.75 to $0.84. For the next financial year, analysts forecast that the firm will post earnings of $1.09 per share, with EPS estimates ranging from $0.95 to $1.23. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last issued its earnings results on Sunday, August 8th. The company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.10 by $0.01. Mesa Air Group had a return on equity of 7.86% and a net margin of 7.37%. The company had revenue of $125.16 million during the quarter, compared to the consensus estimate of $131.40 million. During the same quarter in the prior year, the business earned $0.10 earnings per share. The company’s revenue was up 71.2% compared to the same quarter last year.

Several equities research analysts have recently weighed in on MESA shares. Zacks Investment Research downgraded Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 19th. TheStreet raised Mesa Air Group from a “d” rating to a “c” rating in a research report on Wednesday, August 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $12.40.

Several large investors have recently added to or reduced their stakes in the stock. Acuitas Investments LLC lifted its stake in shares of Mesa Air Group by 1,057.1% in the second quarter. Acuitas Investments LLC now owns 3,616,532 shares of the company’s stock worth $388,000 after acquiring an additional 3,303,971 shares in the last quarter. BlackRock Inc. lifted its stake in shares of Mesa Air Group by 17.6% in the first quarter. BlackRock Inc. now owns 2,567,286 shares of the company’s stock worth $34,530,000 after acquiring an additional 383,324 shares in the last quarter. Royce & Associates LP raised its stake in Mesa Air Group by 14.4% during the first quarter. Royce & Associates LP now owns 1,876,970 shares of the company’s stock valued at $25,245,000 after buying an additional 236,765 shares in the last quarter. Vanguard Group Inc. raised its stake in Mesa Air Group by 8.8% during the second quarter. Vanguard Group Inc. now owns 1,616,686 shares of the company’s stock valued at $15,084,000 after buying an additional 131,179 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Mesa Air Group by 8.7% during the second quarter. Dimensional Fund Advisors LP now owns 1,078,095 shares of the company’s stock valued at $10,059,000 after buying an additional 86,123 shares in the last quarter. Institutional investors and hedge funds own 61.57% of the company’s stock.

Shares of NASDAQ MESA traded down $0.14 on Wednesday, hitting $7.79. The company had a trading volume of 12,546 shares, compared to its average volume of 971,482. Mesa Air Group has a 12-month low of $2.80 and a 12-month high of $17.40. The business has a 50 day moving average of $8.28 and a two-hundred day moving average of $10.28. The company has a quick ratio of 0.72, a current ratio of 0.81 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $279.59 million, a P/E ratio of 8.26, a PEG ratio of 0.31 and a beta of 3.07.

About Mesa Air Group

Mesa Air Group, Inc operates as a holding company. The firm engages in the provision of regional air carrier and passenger transportation services. Its fleet includes American Eagle and United Express flights. The company was founded in 1982 and is headquartered in Phoenix, AZ.

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