B. Riley Analysts Decrease Earnings Estimates for Mesa Air Group Inc (NASDAQ:MESA)

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Mesa Air Group Inc (NASDAQ:MESA) – Research analysts at B. Riley cut their Q1 2020 earnings estimates for shares of Mesa Air Group in a note issued to investors on Thursday, December 12th. B. Riley analyst S. Buck now expects that the company will post earnings per share of $0.44 for the quarter, down from their prior estimate of $0.53. B. Riley also issued estimates for Mesa Air Group’s Q2 2020 earnings at $0.40 EPS, Q3 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.51 EPS, Q2 2021 earnings at $0.53 EPS, Q3 2021 earnings at $0.40 EPS, Q4 2021 earnings at $0.66 EPS and FY2021 earnings at $2.20 EPS.

Mesa Air Group (NASDAQ:MESA) last issued its earnings results on Wednesday, December 11th. The company reported $0.36 EPS for the quarter, hitting the consensus estimate of $0.36. The firm had revenue of $187.80 million during the quarter, compared to analysts’ expectations of $178.51 million. Mesa Air Group had a return on equity of 14.36% and a net margin of 6.58%. Mesa Air Group’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the business earned $0.65 earnings per share.

Other research analysts have also recently issued reports about the company. ValuEngine raised Mesa Air Group from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Zacks Investment Research cut Mesa Air Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 15th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the stock. Mesa Air Group has an average rating of “Buy” and a consensus price target of $12.83.

Shares of MESA stock opened at $8.83 on Friday. The stock has a market cap of $290.89 million, a P/E ratio of 5.54, a price-to-earnings-growth ratio of 0.31 and a beta of 1.67. Mesa Air Group has a one year low of $5.35 and a one year high of $11.90. The stock has a fifty day moving average price of $7.64 and a 200 day moving average price of $8.13. The company has a debt-to-equity ratio of 1.74, a current ratio of 0.64 and a quick ratio of 0.56.

Several hedge funds and other institutional investors have recently modified their holdings of MESA. Parallel Advisors LLC bought a new position in shares of Mesa Air Group during the second quarter valued at $39,000. Steward Partners Investment Advisory LLC bought a new position in shares of Mesa Air Group during the second quarter valued at $42,000. Meeder Asset Management Inc. lifted its holdings in shares of Mesa Air Group by 3,806.5% during the third quarter. Meeder Asset Management Inc. now owns 10,157 shares of the company’s stock valued at $69,000 after acquiring an additional 9,897 shares during the period. Susquehanna International Group LLP bought a new position in shares of Mesa Air Group during the second quarter valued at $92,000. Finally, Peak Asset Management LLC bought a new position in shares of Mesa Air Group during the second quarter valued at $103,000. 69.66% of the stock is owned by 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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Earnings History and Estimates for Mesa Air Group (NASDAQ:MESA)

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