Meritage Hospitality Group (OTCMKTS:MHGU) Releases Quarterly Earnings Results, Misses Expectations By $1.94 EPS

Meritage Hospitality Group (OTCMKTS:MHGU) released its earnings results on Monday. The company reported ($1.48) EPS for the quarter, missing the consensus estimate of $0.46 by ($1.94), Zacks reports. The company had revenue of $154.60 million during the quarter, compared to analysts’ expectations of $173.10 million. Meritage Hospitality Group had a negative return on equity of 0.54% and a negative net margin of 0.10%.

Meritage Hospitality Group Price Performance

Meritage Hospitality Group stock traded down $0.10 during mid-day trading on Monday, reaching $5.00. 2,955 shares of the company’s stock traded hands, compared to its average volume of 1,637. Meritage Hospitality Group has a 12-month low of $5.00 and a 12-month high of $15.79. The company has a quick ratio of 0.22, a current ratio of 0.26 and a debt-to-equity ratio of 1.11. The stock has a 50 day moving average of $9.18 and a two-hundred day moving average of $11.46. The company has a market cap of $33.41 million, a price-to-earnings ratio of -9.80 and a beta of -0.02.

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.