Q4 EPS Estimates for OTCMKTS:MHGU Cut by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Analysts at Northland Capmk reduced their Q4 2024 earnings per share estimates for Meritage Hospitality Group in a report released on Monday, December 16th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.30 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 (OTCMKTS:MHGU) last released its quarterly earnings results on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by ($0.83). The company had revenue of $164.85 million for the quarter, compared to the consensus estimate 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 Price Performance

Shares of OTCMKTS:MHGU opened at $14.50 on Wednesday. The company has a market capitalization of $96.03 million, a P/E ratio of 60.42 and a beta of 0.04. Meritage Hospitality Group has a 1-year low of $13.55 and a 1-year high of $19.50. The firm’s 50 day simple moving average is $15.41 and its two-hundred day simple moving average is $16.35. 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 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.