Analysts Set Expectations for OTCMKTS:MHGU FY2024 Earnings

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Equities research analysts at Northland Capmk boosted their FY2024 earnings estimates for shares of Meritage Hospitality Group in a report issued on Wednesday, January 22nd. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.97 per share for the year, up from their previous estimate of $0.66. The consensus estimate for Meritage Hospitality Group’s current full-year earnings is $0.66 per share. Northland Capmk also issued estimates for Meritage Hospitality Group’s Q4 2024 earnings at $0.58 EPS and FY2025 earnings at $1.36 EPS.

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

Meritage Hospitality Group Trading Up 4.5 %

MHGU stock opened at $14.89 on Friday. The firm has a fifty day moving average price of $14.48 and a 200 day moving average price of $15.76. Meritage Hospitality Group has a fifty-two week low of $13.21 and a fifty-two week high of $19.00. The firm has a market cap of $99.02 million, a PE ratio of 62.04 and a beta of 0.05. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.22 and a current ratio of 0.26.

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.