Meritage Hospitality Group (MHGU) Expected to Announce Earnings on Monday

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

Meritage Hospitality Group (OTCMKTS:MHGU) last posted its quarterly earnings results on Tuesday, August 12th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.54 by ($0.58). The business had revenue of $163.50 million during 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 Down 13.8%

MHGU opened at $7.95 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.26 and a quick ratio of 0.22. The stock has a market capitalization of $53.11 million, a price-to-earnings ratio of -15.59 and a beta of -0.08. The business has a 50-day moving average of $10.73 and a two-hundred day moving average of $12.14. Meritage Hospitality Group has a 12 month low of $7.95 and a 12 month high of $15.80.

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.