OTCMKTS:MHGU FY2024 EPS Increased by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Research analysts at Northland Capmk increased their FY2024 earnings per share estimates for shares of Meritage Hospitality Group in a note issued to investors on Wednesday, January 22nd. Northland Capmk analyst G. Gibas now expects that the company will earn $0.97 per share 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 released its quarterly earnings data 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). Meritage Hospitality Group had a net margin of 0.62% and a return on equity of 3.38%. The firm had revenue of $164.85 million during the quarter, compared to the consensus estimate of $181.50 million.

Meritage Hospitality Group Trading Up 4.5 %

OTCMKTS MHGU opened at $14.89 on Friday. The company’s 50-day simple moving average is $14.48 and its two-hundred day simple moving average is $15.76. Meritage Hospitality Group has a one year low of $13.21 and a one year high of $19.00. The company has a market capitalization of $99.02 million, a price-to-earnings 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.

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.