Q4 EPS Estimates for OTCMKTS:MHGU Reduced by Analyst

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Research analysts at Northland Capmk dropped their Q4 2024 earnings estimates for shares of Meritage Hospitality Group in a research report issued on Monday, December 16th. Northland Capmk analyst G. Gibas now anticipates that the company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.38. The consensus estimate for Meritage Hospitality Group’s current full-year earnings is $1.40 per share. Northland Capmk also issued estimates for Meritage Hospitality Group’s Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.12 EPS.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results on Monday, November 4th. The company reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.83). Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. The firm had revenue of $164.85 million during the quarter, compared to analyst estimates of $181.50 million.

Meritage Hospitality Group Trading Down 2.9 %

OTCMKTS:MHGU opened at $14.47 on Wednesday. The company has a market cap of $95.80 million, a PE ratio of 60.27 and a beta of 0.04. The business’s 50 day moving average is $15.44 and its two-hundred day moving average is $16.36. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 1.23. Meritage Hospitality Group has a 52 week low of $13.55 and a 52 week high of $19.50.

About Meritage Hospitality Group

Meritage Hospitality Group Inc operates quick-service and casual dining restaurants. The company operates restaurants under the Wendy's, Morning Belle, and Stan's Tacos, as well as Taco John's brand names in Arkansas, Connecticut, Florida, Georgia, Indiana, Massachusetts, Michigan, Missouri, Mississippi, North Carolina, South Carolina, Ohio, Oklahoma, Tennessee, Texas, and Virginia.