Meritage Hospitality Group (OTCMKTS:MHGU) Posts Quarterly Earnings Results, Misses Estimates By $0.58 EPS

Key Points

• Meritage Hospitality Group reported quarterly earnings of ($0.04) EPS, significantly missing analysts' expectations of $0.54 by $0.58.
• The company's return on equity was 1.71% with a net margin of 0.32%, indicating low profitability.
• Meritage Hospitality Group's stock price remained flat at $12.00, with a market capitalization of $80.04 million.

Meritage Hospitality Group (OTCMKTS:MHGU - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.54 by ($0.58), Zacks reports. Meritage Hospitality Group had a return on equity of 1.71% and a net margin of 0.32%.

Meritage Hospitality Group Stock Performance

Shares of Meritage Hospitality Group stock remained flat at $12.00 during trading on Tuesday. 97 shares of the stock were exchanged, compared to its average volume of 366. The stock has a fifty day moving average price of $12.90 and a 200-day moving average price of $13.48. The company has a market capitalization of $80.04 million, a price-to-earnings ratio of -85.71 and a beta of -0.08. Meritage Hospitality Group has a fifty-two week low of $10.91 and a fifty-two week high of $16.99. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.27 and a current ratio of 0.30.

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.

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