FY2024 EPS Estimates for OTCMKTS:MHGU Reduced by Analyst

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Equities researchers at Northland Capmk reduced their FY2024 earnings estimates for shares of Meritage Hospitality Group in a research report issued on Monday, December 16th. Northland Capmk analyst G. Gibas now forecasts that the company will earn $0.66 per share for the year, down from their prior estimate of $1.40. The consensus estimate for Meritage Hospitality Group’s current full-year earnings is $1.40 per share.

Meritage Hospitality Group (OTCMKTS:MHGU) last announced its quarterly earnings data on Monday, November 4th. The company reported ($0.34) earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.83). The business had revenue of $164.85 million for the quarter, compared to the consensus estimate of $181.50 million. Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%.

Meritage Hospitality Group Stock Up 0.2 %

MHGU stock opened at $14.50 on Thursday. The firm has a 50-day moving average price of $15.38 and a 200-day moving average price of $16.32. Meritage Hospitality Group has a 12 month low of $13.30 and a 12 month high of $19.50. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.23. The stock has a market capitalization of $96.03 million, a P/E ratio of 60.42 and a beta of 0.04.

Meritage Hospitality Group Company Profile

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.