-$0.03 Earnings Per Share Expected for Mesa Air Group, Inc. (NASDAQ:MESA) This Quarter

Equities analysts expect that Mesa Air Group, Inc. (NASDAQ:MESA) will report earnings of ($0.03) per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Mesa Air Group’s earnings, with estimates ranging from ($0.48) to $0.25. Mesa Air Group reported earnings per share of $0.36 during the same quarter last year, which indicates a negative year-over-year growth rate of 108.3%. The business is scheduled to announce its next earnings results on Wednesday, December 9th.

According to Zacks, analysts expect that Mesa Air Group will report full year earnings of $0.66 per share for the current year, with EPS estimates ranging from $0.62 to $0.71. For the next fiscal year, analysts forecast that the company will report earnings of $0.56 per share, with EPS estimates ranging from ($0.05) to $0.95. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last released its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.36. Mesa Air Group had a net margin of 4.53% and a return on equity of 6.58%. The company had revenue of $73.10 million for the quarter, compared to analysts’ expectations of $80.20 million. During the same quarter in the previous year, the company earned $0.30 EPS. Mesa Air Group’s revenue for the quarter was down 59.4% on a year-over-year basis.

A number of research firms recently weighed in on MESA. Deutsche Bank Aktiengesellschaft upgraded shares of Mesa Air Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $4.00 to $5.50 in a research note on Tuesday, August 11th. ValuEngine upgraded shares of Mesa Air Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 2nd. Finally, Zacks Investment Research cut shares of Mesa Air Group from a “buy” rating to a “hold” rating in a research note on Friday, August 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $4.93.

A number of hedge funds and other institutional investors have recently made changes to their positions in MESA. BNP Paribas Arbitrage SA increased its holdings in Mesa Air Group by 112.9% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,689 shares of the company’s stock valued at $29,000 after acquiring an additional 4,607 shares during the last quarter. Stratos Wealth Partners LTD. bought a new stake in Mesa Air Group in the 2nd quarter valued at $34,000. Jane Street Group LLC bought a new stake in Mesa Air Group in the 1st quarter valued at $36,000. Leap Investments LP bought a new stake in Mesa Air Group in the 2nd quarter valued at $50,000. Finally, HighTower Advisors LLC bought a new stake in Mesa Air Group in the 2nd quarter valued at $52,000. Institutional investors own 60.03% of the company’s stock.

Shares of MESA traded down $0.08 during trading hours on Friday, reaching $3.43. 643,997 shares of the stock traded hands, compared to its average volume of 771,437. The company has a current ratio of 0.37, a quick ratio of 0.29 and a debt-to-equity ratio of 1.32. Mesa Air Group has a 52-week low of $2.05 and a 52-week high of $9.65. The company’s 50-day moving average price is $3.35 and its two-hundred day moving average price is $3.44. The company has a market cap of $121.47 million, a P/E ratio of 4.23, a price-to-earnings-growth ratio of 0.48 and a beta of 2.37.

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 December 31, 2019, it operated a fleet of 145 aircraft with approximately 742 daily departures to 144 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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