Meritage Hospitality Group (MHGU) Projected to Post Earnings on Monday

Meritage Hospitality Group (OTCMKTS:MHGU) is anticipated to release its results before the market opens on Monday, November 3rd. Analysts expect Meritage Hospitality Group to post earnings of $0.46 per share for the quarter.

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings data on Tuesday, August 12th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.58). The company had revenue of $163.50 million for the quarter, compared to analysts’ expectations of $181.00 million. Meritage Hospitality Group had a negative net margin of 0.10% and a negative return on equity of 0.54%. On average, analysts expect Meritage Hospitality Group to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Meritage Hospitality Group Stock Performance

Meritage Hospitality Group stock opened at $6.50 on Friday. The firm’s fifty day moving average price is $10.28 and its 200-day moving average price is $11.95. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.22 and a current ratio of 0.26. The stock has a market cap of $43.42 million, a P/E ratio of -12.75 and a beta of -0.08. Meritage Hospitality Group has a fifty-two week low of $6.50 and a fifty-two week high of $15.79.

Meritage Hospitality Group Company Profile

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.