FY2024 EPS Estimates for OTCMKTS:MHGU Cut by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Stock analysts at Northland Capmk decreased their FY2024 earnings estimates for Meritage Hospitality Group in a report released 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 Stock Up 0.2 %

Shares of MHGU opened at $14.50 on Thursday. Meritage Hospitality Group has a 52-week low of $13.55 and a 52-week high of $19.50. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 1.23. The stock has a fifty day simple moving average of $15.41 and a two-hundred day simple moving average of $16.35. The company has a market capitalization of $96.03 million, a PE ratio of 60.42 and a beta of 0.04.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results 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). Meritage Hospitality Group had a return on equity of 3.38% and a net margin of 0.62%. The business had revenue of $164.85 million during the quarter, compared to analysts’ expectations of $181.50 million.

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.