Mesa Air Group (NASDAQ:MESA – Get Rating) will release quarterly earnings data after the market close on Thursday, February 9. Analysts expect the company to report earnings per share ($0.52) for the quarter. Interested parties interested in attending the company conference call can do so using this link.
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Mesa Air Group (NASDAQ:MESA – Get Rating) announced its final quarterly results on Thursday, December 29. The company reported his earnings per share ($0.37) for the quarter. It misses analyst consensus expectations ($0.33) to ($0.04). Mesa Air Group had a net profit margin of 34.40% and a return on equity of 9.81%. The business generated $125.63 million in revenue for the quarter, compared with analyst estimates of $127.44 million. On average, analysts expect Mesa Airlines Group to record -1 EPS in the current fiscal year and $0 in the next fiscal year.
Mesa Airlines Group Price Performance
NASDAQ MESA shares opened Thursday at $3.02. Mesa Air Group has a 12-month low of $1.03 and a 12-month high of $5.36. The company has a current ratio of 0.46, a quick ratio of 0.33 and a debt to equity ratio of 1.63. The company has a market capitalization of $109.86 million, a price/earnings ratio of -0.60, and a beta of 2.23. The company has a 50-day moving average of $1.81 and a 200-day moving average of $1.90.
Hedge Fund Joins Mesa Airlines Group
Many large investors have recently changed positions in their businesses. BlackRock Inc. increased his stake in Mesa Air Group by 0.9% in the first quarter. BlackRock Inc. now owns 2,480,056 shares worth $10,913,000 after he purchased an additional 21,713 shares during this period. Vanguard Group Inc. increased its Mesa Air Group holdings by 10.5% in the third quarter. Vanguard Group Inc. now owns 1,798,042 shares worth $2,967,000 after purchasing an additional 171,027 shares last quarter. Dimensional Fund Advisors LP increased its holding in Mesa Air Group by 30.4% in the first quarter. Dimensional Fund Advisors LP now owns 1,102,147 shares worth $4,849,000 after purchasing an additional 257,027 shares during the previous quarter. Renaissance Technologies LLC increased its stake in Mesa Air Group by 53.5% in the second quarter. Renaissance Technologies LLC now owns 1,037,514 shares worth $2,272,000 after purchasing an additional 361,393 shares in the previous quarter. Finally, Bank of America Corp DE increased its Mesa Air Group holdings by 145.0% in the first quarter. Bank of America Corp DE now owns 877,435 shares of the company worth $3,861,000 after purchasing an additional 519,258 shares during the previous quarter. Institutional investors and hedge funds own 36.82% of the company’s shares.
Wall Street analyst opinion
Several research firms publish reports on MESA. Deutsche Bank Aktiengesellschaft lowered Mesa Air Group’s price target to $1.50 from his $3.00 in a report on Tuesday, December 20. Cowen lowered Mesa Air Group’s price target from his $4.00 to $1.50 in a report Tuesday, Oct. 25, setting a “market performance” rating for the stock. Finally, Cowen lowered Mesa Air Group’s price target to $1.50 from his $4.00 and set a “market performance” rating for the stock in a report on Tuesday, Oct. 25.
Mesa Airlines Group Company Profile
Mesa Air Group, Inc operates as a private aviation holding company engaged in the provision of regional airline and passenger transportation services. Its fleet includes American Eagle, United Express and DHL Express flights. The company was founded in his 1982 and is headquartered in Phoenix, Arizona.
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