Zacks: Analysts Expect Mesa Air Group Inc (NASDAQ:MESA) to Post $0.55 Earnings Per Share

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Equities research analysts forecast that Mesa Air Group Inc (NASDAQ:MESA) will report earnings per share (EPS) of $0.55 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Mesa Air Group’s earnings. The lowest EPS estimate is $0.45 and the highest is $0.62. Mesa Air Group posted earnings per share of $0.21 during the same quarter last year, which suggests a positive year over year growth rate of 161.9%. The company is scheduled to announce its next earnings report on Monday, August 26th.

On average, analysts expect that Mesa Air Group will report full-year earnings of $2.15 per share for the current fiscal year, with EPS estimates ranging from $2.00 to $2.23. For the next financial year, analysts forecast that the company will report earnings of $2.73 per share, with EPS estimates ranging from $2.60 to $2.95. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.04). The firm had revenue of $177.15 million for the quarter, compared to analyst estimates of $178.75 million. Mesa Air Group had a return on equity of 17.46% and a net margin of 5.76%.

Several brokerages recently issued reports on MESA. B. Riley set a $18.00 price objective on TiVo and gave the stock a “buy” rating in a report on Friday, July 12th. ValuEngine cut Zumiez from a “hold” rating to a “sell” rating in a report on Monday, May 13th. Finally, Zacks Investment Research raised Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Tuesday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $15.57.

MESA stock traded up $0.18 during midday trading on Friday, hitting $10.34. 2,480 shares of the stock were exchanged, compared to its average volume of 308,264. The stock’s 50-day moving average is $9.82. The stock has a market capitalization of $292.51 million and a PE ratio of 8.31. 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 debt-to-equity ratio of 1.70, a quick ratio of 0.62 and a current ratio of 0.71.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in MESA. Acadian Asset Management LLC purchased a new stake in shares of Mesa Air Group in the fourth quarter valued at $27,000. New York State Common Retirement Fund purchased a new stake in shares of Mesa Air Group in the fourth quarter valued at $73,000. Rhumbline Advisers purchased a new stake in shares of Mesa Air Group in the fourth quarter valued at $92,000. Hancock Whitney Corp purchased a new stake in shares of Mesa Air Group in the fourth quarter valued at $108,000. Finally, Alambic Investment Management L.P. purchased a new stake in shares of Mesa Air Group in the first quarter valued at $144,000. 70.54% of the stock is owned by institutional investors.

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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