Mesa Air Group (NASDAQ:RJET) Posts Earnings Results

Mesa Air Group (NASDAQ:RJET) released its quarterly earnings data on Wednesday. The company reported $0.54 earnings per share (EPS) for the quarter, Zacks reports. The company had revenue of $464.10 million during the quarter. Mesa Air Group had a positive return on equity of 4.28% and a negative net margin of 6.32%.

Mesa Air Group Price Performance

Mesa Air Group stock opened at $18.77 on Friday. The company has a market capitalization of $524.25 million, a price-to-earnings ratio of -10.61 and a beta of 1.59. The company has a current ratio of 0.94, a quick ratio of 0.67 and a debt-to-equity ratio of 0.66. Mesa Air Group has a 12 month low of $10.22 and a 12 month high of $25.80. The stock’s 50 day moving average is $18.96 and its 200-day moving average is $19.89.

Analyst Ratings Changes

Separately, Wall Street Zen raised Mesa Air Group to a “hold” rating in a report on Saturday, December 13th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Mesa Air Group stock. Par Capital Management Inc. purchased a new stake in Mesa Air Group, Inc. (NASDAQ:RJET) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,248,190 shares of the company’s stock, valued at approximately $2,091,000. Par Capital Management Inc. owned approximately 5.37% of Mesa Air Group at the end of the most recent quarter. 13.34% of the stock is owned by institutional investors and hedge funds.

Mesa Air Group Company Profile

Mesa Air Group, Inc is a regional airline holding company headquartered in Phoenix, Arizona. The company provides feeder air transportation services under capacity purchase agreements with major carriers in the United States, operating as an affiliate of American Airlines and United Airlines. Mesa Air Group’s operations are conducted through two wholly owned subsidiaries, Mesa Airlines and Mokulele Airlines, which serve domestic markets on a scheduled basis.

Mesa Airlines is the company’s primary regional carrier.