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

Meritage Hospitality Group (OTCMKTS:MHGU) is anticipated to post 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 released its quarterly earnings results on Tuesday, August 12th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.58). The firm had revenue of $163.50 million for the quarter, compared to analyst estimates of $181.00 million. Meritage Hospitality Group had a negative return on equity of 0.54% and a negative net margin of 0.10%. 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 Trading Down 13.8%

OTCMKTS:MHGU opened at $7.95 on Monday. The company has a market capitalization of $53.11 million, a PE ratio of -15.59 and a beta of -0.08. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 1.11. Meritage Hospitality Group has a 52-week low of $7.95 and a 52-week high of $15.80. The stock has a fifty day simple moving average of $10.73 and a 200-day simple moving average of $12.14.

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.