Meritage Hospitality Group (OTCMKTS:MHGU) Posts Earnings Results, Misses Estimates By $2.76 EPS

Meritage Hospitality Group (OTCMKTS:MHGU) released its quarterly earnings results on Monday. The company reported ($2.28) earnings per share for the quarter, missing the consensus estimate of $0.48 by ($2.76), Zacks reports. Meritage Hospitality Group had a negative return on equity of 22.86% and a negative net margin of 5.14%.The firm had revenue of $144.99 million during the quarter, compared to the consensus estimate of $177.20 million.

Meritage Hospitality Group Price Performance

Meritage Hospitality Group stock remained flat at $2.59 during midday trading on Wednesday. The firm has a market capitalization of $17.40 million, a PE ratio of -0.51 and a beta of -0.07. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.21 and a quick ratio of 0.17. The firm’s 50 day moving average price is $2.76 and its two-hundred day moving average price is $4.86. Meritage Hospitality Group has a 1 year low of $2.07 and a 1 year high of $13.55.

About Meritage Hospitality Group

Meritage Hospitality Group (OTCMKTS: MHGU) is a diversified hospitality company that invests in, develops and manages limited- and select-service hotels across the United States. The company’s core activities include identifying and acquiring strategic hotel assets, securing franchise affiliations with prominent lodging brands and overseeing day-to-day property operations through its in-house management platform. Meritage’s vertically integrated model seeks to capture value at each stage of the hotel lifecycle, from site selection and development to ongoing asset management and performance optimization.

Meritage partners with leading national and global hotel franchisors, typically operating under brands within the Marriott, Choice and IHG portfolios.