OTCMKTS:MHGU FY2024 EPS Estimate Reduced by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Northland Capmk decreased their FY2024 earnings estimates for shares of Meritage Hospitality Group in a report issued 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 (OTCMKTS:MHGU) last posted 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). Meritage Hospitality Group had a net margin of 0.62% and a return on equity of 3.38%. The business had revenue of $164.85 million during the quarter, compared to analysts’ expectations of $181.50 million.

Meritage Hospitality Group Trading Up 0.2 %

OTCMKTS:MHGU opened at $14.50 on Thursday. 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 has a 1 year low of $13.55 and a 1 year high of $19.50. The stock has a market cap of $96.03 million, a P/E ratio of 60.42 and a beta of 0.04. The stock has a 50-day simple moving average of $15.41 and a 200-day simple moving average of $16.35.

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.