Meritage Hospitality Group Inc. (OTCMKTS:MHGU - Free Report) - Equities research analysts at Northland Capmk decreased their FY2024 earnings per share estimates for Meritage Hospitality Group in a note issued to investors on Monday, December 16th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.66 for the year, down from their previous estimate of $1.40. The consensus estimate for Meritage Hospitality Group's current full-year earnings is $1.40 per share.
Meritage Hospitality Group Price Performance
MHGU traded up $0.04 during midday trading on Thursday, hitting $14.50. The stock had a trading volume of 1,563 shares, compared to its average volume of 1,515. Meritage Hospitality Group has a 1 year low of $13.55 and a 1 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 business has a fifty day moving average of $15.41 and a 200 day moving average of $16.35. The company has a market cap of $96.03 million, a P/E ratio of 60.42 and a beta of 0.04.
Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last posted its quarterly earnings data on Monday, November 4th. The company reported ($0.34) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 return on equity of 3.38% and a net margin of 0.62%.
About Meritage Hospitality Group
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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.
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