Meritage Hospitality Group (MHGU) to Release Earnings on Thursday

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) is anticipated to announce its earnings results on Thursday, July 10th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $181.00 million for the quarter.

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last released its earnings results on Tuesday, May 13th. The company reported ($0.73) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.51) by ($0.22). Meritage Hospitality Group had a net margin of 0.32% and a return on equity of 1.71%. The business had revenue of $154.50 million for the quarter, compared to analyst estimates of $171.00 million. 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 Price Performance

Shares of OTCMKTS:MHGU remained flat at $13.00 during trading on Thursday. The company has a quick ratio of 0.27, a current ratio of 0.30 and a debt-to-equity ratio of 1.14. The firm has a market capitalization of $86.71 million, a P/E ratio of -92.86 and a beta of -0.06. The firm's 50-day simple moving average is $13.10 and its two-hundred day simple moving average is $13.74. Meritage Hospitality Group has a 12 month low of $10.91 and a 12 month high of $18.00.

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.