Wall Street analysts expect Mesa Air Group, Inc. (NASDAQ:MESA) to announce $90.37 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Mesa Air Group’s earnings, with estimates ranging from $88.00 million to $94.10 million. Mesa Air Group posted sales of $187.83 million in the same quarter last year, which suggests a negative year-over-year growth rate of 51.9%. The firm is expected to report its next quarterly earnings report on Wednesday, December 9th.
On average, analysts expect that Mesa Air Group will report full year sales of $527.38 million for the current fiscal year, with estimates ranging from $525.00 million to $531.10 million. For the next year, analysts expect that the firm will post sales of $574.12 million, with estimates ranging from $482.00 million to $632.75 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research firms that cover Mesa Air Group.
Mesa Air Group (NASDAQ:MESA) last announced its earnings results on Monday, August 10th. The company reported $0.10 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.26) by $0.36. The company had revenue of $73.10 million for the quarter, compared to analyst estimates of $80.20 million. Mesa Air Group had a return on equity of 6.58% and a net margin of 4.53%. The firm’s quarterly revenue was down 59.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.30 earnings per share.
Several hedge funds have recently modified their holdings of the business. MSD Partners L.P. boosted its holdings in shares of Mesa Air Group by 81.6% in the 1st quarter. MSD Partners L.P. now owns 2,354,063 shares of the company’s stock valued at $7,745,000 after purchasing an additional 1,057,893 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in shares of Mesa Air Group by 2.1% in the 3rd quarter. Wedge Capital Management L L P NC now owns 1,749,439 shares of the company’s stock valued at $5,161,000 after purchasing an additional 36,272 shares in the last quarter. State Street Corp boosted its holdings in shares of Mesa Air Group by 116.7% during the 1st quarter. State Street Corp now owns 761,126 shares of the company’s stock valued at $2,504,000 after acquiring an additional 409,910 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Mesa Air Group by 178.7% during the 3rd quarter. Assenagon Asset Management S.A. now owns 520,400 shares of the company’s stock valued at $1,535,000 after acquiring an additional 333,700 shares in the last quarter. Finally, Prudential Financial Inc. boosted its holdings in shares of Mesa Air Group by 189.0% during the 2nd quarter. Prudential Financial Inc. now owns 503,017 shares of the company’s stock valued at $1,730,000 after acquiring an additional 328,954 shares in the last quarter. 60.03% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ MESA traded down $0.08 during trading hours on Monday, reaching $3.43. 643,997 shares of the stock were exchanged, compared to its average volume of 771,437. The firm has a market capitalization of $121.47 million, a price-to-earnings ratio of 4.23, a P/E/G ratio of 0.48 and a beta of 2.37. The company has a debt-to-equity ratio of 1.32, a quick ratio of 0.29 and a current ratio of 0.37. Mesa Air Group has a 52 week low of $2.05 and a 52 week high of $9.65. The stock’s fifty day simple moving average is $3.35 and its 200 day simple moving average is $3.44.
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 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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