Manchester United Ltd. (NYSE:MANU) is scheduled to post its quarterly earnings results before the market opens on Thursday, November 16th. Analysts expect Manchester United to post earnings of ($2.00) per share for the quarter.
Manchester United (NYSE:MANU) last announced its earnings results on Thursday, September 21st. The company reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. Manchester United had a net margin of 6.74% and a return on equity of 7.50%. The business had revenue of $175.90 million during the quarter, compared to the consensus estimate of $160.47 million. During the same quarter in the prior year, the firm earned $0.05 earnings per share. The business’s quarterly revenue was up 30.8% compared to the same quarter last year. On average, analysts expect Manchester United to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Shares of Manchester United Ltd. (MANU) opened at $18.50 on Thursday. Manchester United Ltd. has a 12 month low of $14.10 and a 12 month high of $18.75. The firm has a market cap of $745.61, a PE ratio of 68.70, a PEG ratio of 14.82 and a beta of 0.57. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.04.
A hedge fund recently raised its stake in Manchester United stock. State Street Corp boosted its position in Manchester United Ltd. (NYSE:MANU) by 0.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,138 shares of the company’s stock after purchasing an additional 395 shares during the period. State Street Corp owned about 0.11% of Manchester United worth $701,000 as of its most recent filing with the Securities & Exchange Commission. 90.56% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on the stock. Jefferies Group LLC reiterated a “buy” rating and set a $21.00 target price (up previously from $19.00) on shares of Manchester United in a research note on Thursday, September 21st. BidaskClub downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research downgraded shares of Manchester United from a “hold” rating to a “strong sell” rating in a research note on Wednesday, July 19th. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $20.00 target price (up previously from $19.00) on shares of Manchester United in a research note on Monday, September 25th.
About Manchester United
Manchester United plc is engaged in the operation of a professional football club together with related and ancillary activities. Its football operations primarily comprise various activities, such as its first team, reserve team, youth academy, global scouting networks and other operations, such as its sport science, medical and fitness operations at the Aon Training Complex.
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