FY2024 EPS Estimates for OTCMKTS:MHGU Decreased by Analyst

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

Meritage Hospitality Group Trading Down 2.9 %

OTCMKTS MHGU traded down $0.43 during trading hours on Thursday, hitting $14.47. 735 shares of the company’s stock were exchanged, compared to its average volume of 1,515. The firm has a market cap of $95.80 million, a price-to-earnings ratio of 60.27 and a beta of 0.04. The stock has a 50-day simple moving average of $15.44 and a 200 day simple moving average of $16.36. The company has a current ratio of 0.26, a quick ratio of 0.22 and a debt-to-equity ratio of 1.23. Meritage Hospitality Group has a 1-year low of $13.55 and a 1-year high of $19.50.

Meritage Hospitality Group (OTCMKTS:MHGU) last issued its quarterly earnings results on Monday, November 4th. The company reported ($0.34) earnings per share 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 business had revenue of $164.85 million for the quarter, compared to analyst estimates of $181.50 million.

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.