FY2024 EPS Estimates for OTCMKTS:MHGU Boosted by Analyst

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Investment analysts at Northland Capmk upped their FY2024 earnings per share estimates for shares of Meritage Hospitality Group in a report issued on Wednesday, January 22nd. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings per share of $0.97 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 announced its 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). The firm had revenue of $164.85 million during the quarter, compared to analyst estimates of $181.50 million. Meritage Hospitality Group had a net margin of 0.62% and a return on equity of 3.38%.

Meritage Hospitality Group Trading Up 0.1 %

Shares of OTCMKTS:MHGU opened at $14.25 on Friday. The business’s 50-day moving average is $14.50 and its 200 day moving average is $15.77. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.26 and a quick ratio of 0.22. Meritage Hospitality Group has a 1 year low of $13.21 and a 1 year high of $19.00. The firm has a market capitalization of $94.76 million, a P/E ratio of 59.38 and a beta of 0.05.

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.