Analysts Expect Mesa Air Group Inc (NASDAQ:MESA) to Announce $0.36 EPS

Wall Street brokerages expect Mesa Air Group Inc (NASDAQ:MESA) to post $0.36 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mesa Air Group’s earnings, with the lowest EPS estimate coming in at $0.35 and the highest estimate coming in at $0.39. Mesa Air Group posted earnings per share of $0.65 in the same quarter last year, which would suggest a negative year-over-year growth rate of 44.6%. The firm is expected to issue its next quarterly earnings report after the market closes on Wednesday, December 11th.

According to Zacks, analysts expect that Mesa Air Group will report full-year earnings of $1.66 per share for the current year, with EPS estimates ranging from $1.65 to $1.69. For the next year, analysts expect that the firm will post earnings of $1.98 per share, with EPS estimates ranging from $1.87 to $2.18. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Mesa Air Group.

Several analysts have recently weighed in on MESA shares. Stifel Nicolaus set a $10.00 price objective on shares of Mesa Air Group and gave the stock a “buy” rating in a research report on Monday, August 12th. ValuEngine raised shares of Mesa Air Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Cowen reiterated an “outperform” rating and set a $9.00 price target (down from $12.00) on shares of Mesa Air Group in a research note on Monday, August 12th. Finally, Zacks Investment Research cut shares of Mesa Air Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $12.83.

Mesa Air Group stock traded up $1.09 during mid-day trading on Tuesday, hitting $8.09. The company had a trading volume of 1,524,954 shares, compared to its average volume of 268,408. The company has a quick ratio of 0.56, a current ratio of 0.64 and a debt-to-equity ratio of 1.74. Mesa Air Group has a 1 year low of $5.35 and a 1 year high of $12.95. The business has a fifty day moving average of $7.33 and a 200 day moving average of $8.13. The stock has a market cap of $254.13 million, a price-to-earnings ratio of 6.58, a PEG ratio of 0.19 and a beta of 1.68.

A number of large investors have recently added to or reduced their stakes in MESA. UBS Group AG increased its position in Mesa Air Group by 0.5% during the second quarter. UBS Group AG now owns 1,535,378 shares of the company’s stock worth $14,033,000 after buying an additional 7,138 shares during the period. BlackRock Inc. lifted its stake in Mesa Air Group by 68.8% in the second quarter. BlackRock Inc. now owns 1,356,556 shares of the company’s stock valued at $12,400,000 after buying an additional 552,817 shares during the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Mesa Air Group by 60.9% in the third quarter. Wedge Capital Management L L P NC now owns 1,348,619 shares of the company’s stock valued at $9,096,000 after acquiring an additional 510,538 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Mesa Air Group by 2.4% in the second quarter. Bank of New York Mellon Corp now owns 904,956 shares of the company’s stock valued at $8,271,000 after acquiring an additional 20,784 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Mesa Air Group by 13.1% during the second quarter. Vanguard Group Inc. now owns 887,327 shares of the company’s stock worth $8,110,000 after acquiring an additional 102,519 shares during the last quarter. Hedge funds and other institutional investors own 68.97% of the company’s stock.

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 and Estimates for Mesa Air Group (NASDAQ:MESA)

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