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

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Equities researchers at Northland Capmk dropped their Q1 2024 earnings per share (EPS) estimates for shares of Meritage Hospitality Group in a research report issued to clients and 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 previous 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 Trading Down 0.2 %

Shares of MHGU opened at $17.93 on Friday. Meritage Hospitality Group has a 52-week low of $17.00 and a 52-week high of $21.30. The business’s fifty 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 quick ratio of 0.24 and a current ratio of 0.29. The firm has a market cap of $118.35 million, a price-to-earnings ratio of 149.75 and a beta of 0.08.

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.