Zacks: Brokerages Anticipate Mesa Air Group Inc (MESA) Will Announce Earnings of $0.55 Per Share

Analysts expect Mesa Air Group Inc (NASDAQ:MESA) to announce earnings of $0.55 per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mesa Air Group’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.45. Mesa Air Group posted earnings of $0.21 per share during the same quarter last year, which would suggest a positive year over year growth rate of 161.9%. The business is expected to issue its next quarterly earnings results on Monday, August 26th.

On average, analysts expect that Mesa Air Group will report full-year earnings of $2.14 per share for the current year, with EPS estimates ranging from $2.00 to $2.23. For the next fiscal year, analysts expect that the firm will report earnings of $2.68 per share, with EPS estimates ranging from $2.60 to $2.82. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.04). The firm had revenue of $177.15 million for the quarter, compared to the consensus estimate of $178.75 million. Mesa Air Group had a return on equity of 17.46% and a net margin of 5.76%.

A number of research analysts recently issued reports on MESA shares. Bank of America reiterated a “buy” rating and set a $20.00 price objective on shares of Mesa Air Group in a report on Wednesday, February 6th. Imperial Capital reduced their price target on Mesa Air Group from $16.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 6th. They noted that the move was a valuation call. Zacks Investment Research cut Mesa Air Group from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, ValuEngine cut Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Monday, March 25th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. Mesa Air Group has an average rating of “Buy” and a consensus price target of $15.50.

A number of hedge funds and other institutional investors have recently modified their holdings of MESA. Axar Capital Management L.P. acquired a new position in Mesa Air Group during the first quarter valued at approximately $11,090,000. Bank of New York Mellon Corp acquired a new position in Mesa Air Group during the third quarter valued at approximately $15,679,000. Parkwood LLC acquired a new position in Mesa Air Group during the first quarter valued at approximately $6,255,000. BlackRock Inc. acquired a new position in Mesa Air Group during the third quarter valued at approximately $9,267,000. Finally, Formula Growth Ltd. acquired a new position in Mesa Air Group during the first quarter valued at approximately $2,729,000. 70.54% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:MESA opened at $9.12 on Monday. The company has a quick ratio of 0.62, a current ratio of 0.71 and a debt-to-equity ratio of 1.70. The stock has a market cap of $266.55 million and a P/E ratio of 4.95. Mesa Air Group has a 52-week low of $6.36 and a 52-week high of $16.41.

Mesa Air Group Company Profile

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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