Q4 EPS Estimates for OTCMKTS:MHGU Cut by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Equities researchers at Northland Capmk cut their Q4 2024 earnings per share (EPS) estimates for shares of Meritage Hospitality Group in a report released 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 forecast 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 Stock Down 2.9 %

MHGU opened at $14.47 on Wednesday. Meritage Hospitality Group has a 12 month low of $13.55 and a 12 month high of $19.50. The business has a 50-day moving average of $15.44 and a two-hundred day moving average of $16.36. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.26 and a quick ratio of 0.22. The stock has a market capitalization of $95.80 million, a price-to-earnings ratio of 60.27 and a beta of 0.04.

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

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.