Mesa Air Group Inc (NASDAQ:MESA) – Analysts at B. Riley lowered their FY2019 earnings per share estimates for shares of Mesa Air Group in a note issued to investors on Monday, August 12th. B. Riley analyst S. Buck now forecasts that the company will post earnings of $1.72 per share for the year, down from their prior forecast of $2.18. B. Riley has a “Buy” rating and a $16.00 price objective on the stock. B. Riley also issued estimates for Mesa Air Group’s Q4 2019 earnings at $0.42 EPS, Q1 2020 earnings at $0.62 EPS, Q2 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.49 EPS, Q4 2020 earnings at $0.61 EPS, FY2020 earnings at $2.30 EPS and FY2021 earnings at $2.65 EPS.
Mesa Air Group (NASDAQ:MESA) last posted its earnings results on Thursday, August 8th. The company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.55 by ($0.25). Mesa Air Group had a return on equity of 16.52% and a net margin of 7.68%. The firm had revenue of $180.22 million for the quarter, compared to analyst estimates of $182.91 million. During the same quarter last year, the firm posted $0.37 EPS. The firm’s revenue for the quarter was up 4.9% on a year-over-year basis.
A number of other analysts have also recently commented on the company. Cowen reiterated an “outperform” rating and set a $9.00 target price (down previously from $12.00) on shares of Mesa Air Group in a research report on Monday. ValuEngine cut Mesa Air Group from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Stifel Nicolaus set a $10.00 target price on Mesa Air Group and gave the stock a “buy” rating in a research report on Monday. Finally, Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “strong sell” rating in a research report on Thursday. Two equities research analysts have rated the stock with a sell rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $13.86.
MESA opened at $5.83 on Wednesday. The business’s 50-day simple moving average is $9.29 and its 200-day simple moving average is $9.22. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.62 and a current ratio of 0.71. Mesa Air Group has a one year low of $5.35 and a one year high of $16.41. The stock has a market capitalization of $174.76 million and a P/E ratio of 4.74.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Marshall Wace North America L.P. grew its holdings in shares of Mesa Air Group by 76.8% during the first quarter. Marshall Wace North America L.P. now owns 23,986 shares of the company’s stock worth $200,000 after buying an additional 10,417 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Mesa Air Group by 9.3% during the fourth quarter. BlackRock Inc. now owns 730,969 shares of the company’s stock worth $5,636,000 after buying an additional 62,402 shares during the last quarter. FMR LLC grew its holdings in shares of Mesa Air Group by 88.5% during the fourth quarter. FMR LLC now owns 322,300 shares of the company’s stock worth $2,485,000 after buying an additional 151,300 shares during the last quarter. Monarch Partners Asset Management LLC grew its holdings in shares of Mesa Air Group by 44.1% during the first quarter. Monarch Partners Asset Management LLC now owns 62,585 shares of the company’s stock worth $522,000 after buying an additional 19,150 shares during the last quarter. Finally, Alambic Investment Management L.P. purchased a new position in shares of Mesa Air Group during the first quarter worth about $144,000. 67.34% of the stock is currently owned by hedge funds and other institutional investors.
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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