Northland Capmk Forecasts OTCMKTS:MHGU FY2024 Earnings

Meritage Hospitality Group Inc. (OTCMKTS:MHGU) – Equities researchers at Northland Capmk raised their FY2024 EPS estimates for Meritage Hospitality Group in a research 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 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.

Meritage Hospitality Group Price Performance

Shares of OTCMKTS MHGU opened at $14.25 on Friday. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.26 and a quick ratio of 0.22. The firm’s 50 day simple moving average is $14.50 and its 200-day simple moving average is $15.77. Meritage Hospitality Group has a 12 month low of $13.21 and a 12 month high of $19.00. The stock has a market capitalization of $94.76 million, a price-to-earnings ratio of 59.38 and a beta of 0.05.

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.