Wall Street analysts expect Mesa Air Group Inc (NASDAQ:MESA) to report $178.75 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Mesa Air Group’s earnings. The lowest sales estimate is $176.30 million and the highest is $182.70 million. The firm is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Mesa Air Group will report full year sales of $716.76 million for the current year, with estimates ranging from $712.50 million to $721.00 million. For the next financial year, analysts anticipate that the company will report sales of $791.16 million, with estimates ranging from $768.17 million to $812.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that that provide coverage for Mesa Air Group.

Mesa Air Group (NASDAQ:MESA) last posted its quarterly earnings results on Monday, February 4th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.03. The firm had revenue of $178.16 million for the quarter, compared to analysts’ expectations of $176.41 million.

A number of research analysts have recently issued reports on MESA shares. Cowen reiterated a “buy” rating and issued a $16.00 target price on shares of Mesa Air Group in a research note on Sunday, December 9th. Imperial Capital reissued an “outperform” rating and issued a $16.00 price target (down from $18.00) on shares of Mesa Air Group in a report on Thursday, December 13th. Zacks Investment Research raised shares of Mesa Air Group from a “hold” rating to a “strong-buy” rating and set a $10.00 price target on the stock in a report on Wednesday, February 6th. Finally, Bank of America reissued a “buy” rating and issued a $20.00 price target on shares of Mesa Air Group in a report on Wednesday, February 6th. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Mesa Air Group currently has a consensus rating of “Buy” and an average price target of $15.50.

Several large investors have recently made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in shares of Mesa Air Group in the fourth quarter valued at approximately $27,000. New York State Common Retirement Fund bought a new position in Mesa Air Group in the 4th quarter worth $73,000. Rhumbline Advisers bought a new position in Mesa Air Group in the 4th quarter worth $92,000. Teachers Advisors LLC bought a new position in Mesa Air Group in the 3rd quarter worth $174,000. Finally, TIAA CREF Investment Management LLC bought a new position in Mesa Air Group in the 3rd quarter worth $193,000. Hedge funds and other institutional investors own 63.43% of the company’s stock.

NASDAQ MESA traded down $0.16 during trading on Friday, hitting $8.34. 4,856 shares of the company traded hands, compared to its average volume of 224,878. Mesa Air Group has a 12 month low of $6.36 and a 12 month high of $16.41. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.75 and a quick ratio of 0.68. The firm has a market cap of $206.64 million and a P/E ratio of 6.80.

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.

See Also: Why does a company issue an IPO?

Get a free copy of the Zacks research report on Mesa Air Group (MESA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Mesa Air Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mesa Air Group and related companies with MarketBeat.com's FREE daily email newsletter.