OTCMKTS:MHGU Q4 EPS Forecast Reduced by Northland Capmk

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Investment analysts at Northland Capmk decreased their Q4 2024 earnings per share (EPS) estimates for Meritage Hospitality Group in a report issued on Monday, December 16th. Northland Capmk analyst G. Gibas now anticipates that the company will earn $0.30 per share for the quarter, down from their prior forecast 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 Stock Up 0.1 %

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

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its earnings results on Monday, November 4th. The company reported ($0.34) EPS for the quarter, missing the consensus estimate 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 company had revenue of $164.85 million for the quarter, compared to analyst estimates of $181.50 million.

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.