Wall Street brokerages expect Mesa Air Group Inc (NASDAQ:MESA) to post sales of $187.98 million for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Mesa Air Group’s earnings, with the highest sales estimate coming in at $199.12 million and the lowest estimate coming in at $182.00 million. Mesa Air Group reported sales of $178.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 5.5%. The business is scheduled to issue its next quarterly earnings report on Monday, February 3rd.

According to Zacks, analysts expect that Mesa Air Group will report full-year sales of $760.46 million for the current year, with estimates ranging from $745.80 million to $789.70 million. For the next year, analysts anticipate that the firm will post sales of $804.83 million, with estimates ranging from $793.00 million to $824.85 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that follow Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings results on Wednesday, December 11th. The company reported $0.36 earnings per share for the quarter, hitting the consensus estimate of $0.36. Mesa Air Group had a return on equity of 14.18% and a net margin of 6.58%. The firm had revenue of $187.80 million for the quarter, compared to the consensus estimate of $178.51 million. During the same period in the prior year, the business posted $0.65 earnings per share. The company’s revenue for the quarter was up 5.8% on a year-over-year basis.

MESA has been the topic of several recent analyst reports. ValuEngine downgraded Mesa Air Group from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. Raymond James reduced their price target on Mesa Air Group from $15.00 to $14.00 and set a “strong-buy” rating on the stock in a report on Monday, December 16th. Two equities research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $13.00.

Shares of NASDAQ MESA traded down $0.09 during midday trading on Friday, hitting $9.27. The company’s stock had a trading volume of 214,354 shares, compared to its average volume of 224,938. The company has a current ratio of 0.61, a quick ratio of 0.53 and a debt-to-equity ratio of 1.59. The business’s 50 day moving average is $8.76 and its two-hundred day moving average is $7.96. Mesa Air Group has a 12-month low of $5.35 and a 12-month high of $11.08. The firm has a market cap of $300.00 million, a P/E ratio of 5.65, a price-to-earnings-growth ratio of 0.39 and a beta of 1.80.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MESA. Meeder Asset Management Inc. increased its holdings in Mesa Air Group by 3,806.5% during the 3rd quarter. Meeder Asset Management Inc. now owns 10,157 shares of the company’s stock worth $69,000 after purchasing an additional 9,897 shares during the period. Susquehanna International Group LLP purchased a new position in Mesa Air Group during the 2nd quarter worth $92,000. Peak Asset Management LLC purchased a new position in Mesa Air Group during the 2nd quarter worth $103,000. Advocacy Wealth Management Services LLC purchased a new position in Mesa Air Group during the 3rd quarter worth $108,000. Finally, Parallel Advisors LLC increased its holdings in Mesa Air Group by 375.6% during the 3rd quarter. Parallel Advisors LLC now owns 20,252 shares of the company’s stock worth $137,000 after purchasing an additional 15,994 shares during the period. Institutional investors own 67.60% 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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