Analysts Set Expectations for OTCMKTS:MHGU FY2024 Earnings

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Stock analysts at Northland Capmk lifted their FY2024 earnings per share estimates for Meritage Hospitality Group in a research report issued on Wednesday, January 22nd. Northland Capmk analyst G. Gibas now anticipates 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 posted its quarterly earnings results on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) 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 firm had revenue of $164.85 million for the quarter, compared to the consensus estimate of $181.50 million.

Meritage Hospitality Group Stock Performance

Shares of Meritage Hospitality Group stock opened at $14.89 on Friday. The company has a market capitalization 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. The company has a 50-day simple moving average of $14.48 and a two-hundred day simple moving average of $15.75. Meritage Hospitality Group has a one year low of $13.21 and a one year high of $19.00.

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.