Meritage Hospitality Group (MHGU) Projected to Post Quarterly Earnings on Friday

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) is expected to release its earnings data before the market opens on Friday, August 1st. Analysts expect Meritage Hospitality Group to post earnings of $0.54 per share for the quarter.

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) last announced its quarterly 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 analysts' expectations 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

OTCMKTS:MHGU remained flat at $12.84 during mid-day trading on Monday. Meritage Hospitality Group has a 1 year low of $10.91 and a 1 year high of $17.90. The stock has a market capitalization of $85.64 million, a P/E ratio of -91.71 and a beta of -0.06. 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 company's 50 day moving average price is $13.10 and its two-hundred day moving average price is $13.60.

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.