Wall Street brokerages anticipate that Mesa Air Group, Inc. (NASDAQ:MESA) will put up $90.37 million in gross sales for the present quarter, based on Zacks Funding Analysis. Three analysts have supplied estimates for Mesa Air Group’s earnings. The best gross sales estimate is $94.10 million and the bottom is $88.00 million. Mesa Air Group reported gross sales of $187.83 million in the identical quarter final yr, which suggests a unfavorable year-over-year progress price of 51.9%. The agency is predicted to report its subsequent earnings outcomes after the market closes on Wednesday, December ninth.
On common, analysts anticipate that Mesa Air Group will report full-year gross sales of $527.38 million for the present yr, with estimates starting from $525.00 million to $531.10 million. For the subsequent fiscal yr, analysts anticipate that the corporate will report gross sales of $574.12 million, with estimates starting from $482.00 million to $632.75 million. Zacks’ gross sales calculations are a imply common primarily based on a survey of analysis companies that that present protection for Mesa Air Group.
MESA has been the topic of a variety of latest analysis studies. Raymond James reissued a “purchase” score on shares of Mesa Air Group in a analysis report on Wednesday. Deutsche Bank Aktiengesellschaft raised shares of Mesa Air Group from a “maintain” score to a “purchase” score and boosted their price goal for the corporate from $4.00 to $5.50 in a analysis report on Tuesday, August 11th. Lastly, Zacks Funding Analysis downgraded shares of Mesa Air Group from a “purchase” score to a “maintain” score in a analysis report on Friday, August 14th. Two analysis analysts have rated the stock with a promote score, 4 have assigned a maintain score and three have assigned a purchase score to the stock. The corporate has a mean score of “Maintain” and a mean price goal of $4.93.
Shares of MESA opened at $6.68 on Friday. The agency has a market cap of $236.57 million, a PE ratio of 8.25, a P/E/G ratio of 0.43 and a beta of two.29. The corporate has a present ratio of 0.37, a fast ratio of 0.29 and a debt-to-equity ratio of 1.32. The agency has a fifty day easy shifting common of $3.97 and a two-hundred day easy shifting common of $3.57. Mesa Air Group has a 1-year low of $2.05 and a 1-year excessive of $9.65.
A number of institutional traders and hedge funds have just lately added to or decreased their stakes within the enterprise. Jane Street Group LLC purchased a brand new place in shares of Mesa Air Group through the third quarter valued at about $30,000. AQR Capital Administration LLC raised its place in shares of Mesa Air Group by 125.7% through the third quarter. AQR Capital Administration LLC now owns 168,772 shares of the corporate’s stock valued at $498,00Zero after shopping for a further 93,997 shares within the final quarter. Squarepoint Ops LLC bought a brand new stake in shares of Mesa Air Group through the third quarter valued at about $461,000. Pinnacle Holdings LLC raised its place in shares of Mesa Air Group by 38.1% through the third quarter. Pinnacle Holdings LLC now owns 173,040 shares of the corporate’s stock valued at $510,00Zero after shopping for a further 47,770 shares within the final quarter. Lastly, JPMorgan Chase & Co. raised its place in shares of Mesa Air Group by 210.9% through the third quarter. JPMorgan Chase & Co. now owns 31,007 shares of the corporate’s stock valued at $91,00Zero after shopping for a further 21,033 shares within the final quarter. 60.03% of the stock is owned by institutional traders and hedge funds.
About Mesa Air Group
Mesa Air Group, Inc operates because the holding firm for Mesa Airlines, Inc, which gives regional air provider providers beneath capability buy agreements with the American Airlines and the United Airlines. As of December 31, 2019, it operated a fleet of 145 plane with roughly 742 day by day departures to 144 cities in america, Canada, Mexico, Cuba, and the Bahamas.
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