$0.49 EPS Expected for Mesa Air Group Inc (MESA) This Quarter

Analysts expect Mesa Air Group Inc (NASDAQ:MESA) to announce earnings per share (EPS) of $0.49 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Mesa Air Group’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.57. The business is scheduled to issue its next quarterly earnings report on Monday, November 26th.

According to Zacks, analysts expect that Mesa Air Group will report full-year earnings of $1.15 per share for the current year, with EPS estimates ranging from $0.74 to $1.46. For the next fiscal year, analysts forecast that the company will report earnings of $2.26 per share, with EPS estimates ranging from $2.10 to $2.37. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last issued its quarterly earnings data on Monday, August 27th. The company reported $0.21 earnings per share (EPS) for the quarter. The business had revenue of $171.74 million for the quarter.

MESA has been the subject of several analyst reports. Bank of America initiated coverage on Mesa Air Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $20.00 price objective for the company. Stifel Nicolaus initiated coverage on Mesa Air Group in a research report on Tuesday, September 4th. They set a “buy” rating and a $15.00 price objective for the company. Imperial Capital initiated coverage on Mesa Air Group in a research report on Tuesday, September 4th. They set an “outperform” rating and a $18.00 price objective for the company. Cowen initiated coverage on Mesa Air Group in a research report on Tuesday, September 4th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Raymond James initiated coverage on Mesa Air Group in a research report on Tuesday, September 4th. They set a “strong-buy” rating and a $20.00 price objective for the company. Four equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $17.80.

In related news, CEO Jonathan G. Ornstein sold 277,388 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total transaction of $3,095,650.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Brian S. Gillman sold 39,398 shares of the business’s stock in a transaction that occurred on Tuesday, September 11th. The stock was sold at an average price of $11.16, for a total value of $439,681.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 479,701 shares of company stock valued at $5,353,463.

Shares of NASDAQ MESA traded up $0.77 during midday trading on Monday, hitting $13.39. 113,390 shares of the company’s stock were exchanged, compared to its average volume of 306,568. Mesa Air Group has a twelve month low of $11.05 and a twelve month high of $16.41.

About Mesa Air Group

Mesa Air Group, Inc operates as the holding company for Mesa Airlines, Inc, which provides regional air services under capacity purchase agreements with the American Airlines and the United Airlines. As of March 31, 2018, it operated 145 aircraft with approximately 610 daily departures to 110 cities in the United States, Canada, Mexico, the Bahamas, and Cuba.

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