$178.75 Million in Sales Expected for Mesa Air Group Inc (MESA) This Quarter

Wall Street analysts expect Mesa Air Group Inc (NASDAQ:MESA) to report $178.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Mesa Air Group’s earnings, with estimates ranging from $176.30 million to $182.70 million. The firm is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that Mesa Air Group will report full-year sales of $716.76 million for the current fiscal year, with estimates ranging from $712.50 million to $721.00 million. For the next year, analysts expect that the company will report sales of $791.16 million, with estimates ranging from $768.17 million to $812.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last released its earnings results on Monday, February 4th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.52 by $0.03. The firm had revenue of $178.16 million for the quarter, compared to analyst estimates of $176.41 million.

Several analysts have recently commented on MESA shares. Imperial Capital reaffirmed an “outperform” rating and set a $16.00 price objective (down previously from $18.00) on shares of Mesa Air Group in a research report on Thursday, December 13th. Cowen reaffirmed a “buy” rating and set a $16.00 price objective on shares of Mesa Air Group in a research report on Sunday, December 9th. Bank of America reaffirmed a “buy” rating and set a $20.00 price objective on shares of Mesa Air Group in a research report on Wednesday, February 6th. Zacks Investment Research downgraded shares of Mesa Air Group from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. Finally, ValuEngine downgraded shares of Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $15.50.

Several hedge funds have recently made changes to their positions in MESA. Bank of New York Mellon Corp acquired a new stake in shares of Mesa Air Group during the 3rd quarter worth approximately $15,679,000. JPMorgan Chase & Co. acquired a new stake in Mesa Air Group in the 3rd quarter valued at $12,189,000. Wells Fargo & Company MN acquired a new stake in Mesa Air Group in the 3rd quarter valued at $10,220,000. BlackRock Inc. acquired a new stake in Mesa Air Group in the 3rd quarter valued at $9,267,000. Finally, Tyvor Capital LLC acquired a new stake in Mesa Air Group in the 3rd quarter valued at $6,348,000. 63.43% of the stock is owned by institutional investors.

Shares of MESA stock traded down $0.06 during trading hours on Friday, hitting $8.34. 125,273 shares of the company were exchanged, compared to its average volume of 225,503. The company has a market cap of $204.20 million and a price-to-earnings ratio of 6.78. Mesa Air Group has a fifty-two week low of $6.36 and a fifty-two week high of $16.41. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.84.

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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