OTCMKTS:MHGU Q4 EPS Estimate Cut by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Investment analysts at Northland Capmk reduced their Q4 2024 earnings estimates for shares of Meritage Hospitality Group in a research report issued to clients and investors on Monday, December 16th. Northland Capmk analyst G. Gibas now expects that the company will post earnings of $0.30 per share for the quarter, down from their previous estimate of $0.38. The consensus estimate for Meritage Hospitality Group’s current full-year earnings is $1.40 per share. Northland Capmk also issued estimates for Meritage Hospitality Group’s Q1 2025 earnings at $0.25 EPS, Q2 2025 earnings at $0.31 EPS, Q3 2025 earnings at $0.25 EPS, Q4 2025 earnings at $0.31 EPS and FY2025 earnings at $1.12 EPS.

Meritage Hospitality Group Trading Up 0.1 %

MHGU opened at $14.89 on Wednesday. The business’s 50 day moving average price is $15.46 and its 200 day moving average price is $16.37. 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 stock has a market capitalization of $98.62 million, a PE ratio of 62.04 and a beta of 0.04. Meritage Hospitality Group has a one year low of $14.02 and a one year high of $19.50.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly 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 analysts’ expectations 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 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.