Northland Capmk Analysts Decrease Earnings Estimates for Meritage Hospitality Group Inc. (OTCMKTS:MHGU)

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Stock analysts at Northland Capmk lowered their Q1 2024 earnings per share estimates for shares of Meritage Hospitality Group in a research note issued to investors on Thursday, April 18th. Northland Capmk analyst G. Gibas now forecasts that the company will post earnings of $0.17 per share for the quarter, down from their prior forecast of $0.25. The consensus estimate for Meritage Hospitality Group’s current full-year earnings is $0.77 per share. Northland Capmk also issued estimates for Meritage Hospitality Group’s Q2 2024 earnings at $0.18 EPS, Q3 2024 earnings at $0.31 EPS, Q4 2024 earnings at $0.31 EPS and FY2024 earnings at $0.97 EPS.

Meritage Hospitality Group Stock Down 0.2 %

Shares of OTCMKTS:MHGU opened at $17.93 on Friday. Meritage Hospitality Group has a 1 year low of $17.00 and a 1 year high of $21.30. The stock’s 50-day moving average is $18.29 and its 200 day moving average is $18.98. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.29 and a quick ratio of 0.24. The company has a market cap of $118.35 million, a PE ratio of 149.75 and a beta of 0.08.

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.