Meritage Hospitality Group Inc. Forecasted to Post Q1 2024 Earnings of $0.17 Per Share (OTCMKTS:MHGU)

Meritage Hospitality Group Inc. (OTCMKTS:MHGUFree Report) – Analysts at Northland Capmk lowered their Q1 2024 EPS estimates for shares of Meritage Hospitality Group in a research note issued on Thursday, April 18th. Northland Capmk analyst G. Gibas now expects that the company will post earnings per share of $0.17 for the quarter, down from their previous estimate 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 Stock Performance

Shares of MHGU stock opened at $17.93 on Friday. The company has a market cap of $118.33 million, a price-to-earnings ratio of 149.43 and a beta of 0.08. Meritage Hospitality Group has a 52 week low of $17.00 and a 52 week high of $21.30. The company has a quick ratio of 0.24, a current ratio of 0.29 and a debt-to-equity ratio of 1.35. The firm has a 50 day moving average of $18.27 and a 200-day moving average of $18.98.

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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