Equities research analysts predict that Manchester United PLC (NYSE:MANU) will post ($0.12) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for Manchester United’s earnings. Manchester United posted earnings per share of ($0.01) in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,100%. The business is expected to issue its next quarterly earnings report on Tuesday, September 24th.
On average, analysts expect that Manchester United will report full year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.36. For the next financial year, analysts anticipate that the company will report earnings of $0.03 per share, with EPS estimates ranging from ($0.03) to $0.09. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover Manchester United.
Manchester United (NYSE:MANU) last issued its quarterly earnings results on Thursday, May 16th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10. The business had revenue of $152.10 million for the quarter, compared to the consensus estimate of $156.97 million. Manchester United had a return on equity of 13.45% and a net margin of 3.67%. The business’s quarterly revenue was up 3.4% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.03) earnings per share.
A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Manchester United from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. ValuEngine downgraded Manchester United from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Manchester United presently has an average rating of “Hold” and an average price target of $22.75.
Shares of MANU stock opened at $18.26 on Thursday. The business’s fifty day simple moving average is $18.16. The firm has a market capitalization of $727.93 million, a P/E ratio of 130.43, a PEG ratio of 7.52 and a beta of 0.61. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. Manchester United has a 12-month low of $16.91 and a 12-month high of $27.70.
Hedge funds have recently modified their holdings of the company. Two Sigma Advisers LP grew its holdings in shares of Manchester United by 35.2% during the fourth quarter. Two Sigma Advisers LP now owns 45,434 shares of the company’s stock valued at $862,000 after buying an additional 11,822 shares during the last quarter. Acadian Asset Management LLC grew its holdings in shares of Manchester United by 1,654.5% during the first quarter. Acadian Asset Management LLC now owns 29,581 shares of the company’s stock valued at $569,000 after buying an additional 27,895 shares during the last quarter. Lord Abbett & CO. LLC grew its holdings in shares of Manchester United by 18.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 182,293 shares of the company’s stock valued at $3,460,000 after buying an additional 28,494 shares during the last quarter. Massachusetts Financial Services Co. MA purchased a new stake in shares of Manchester United during the fourth quarter valued at $9,711,000. Finally, Millennium Management LLC purchased a new stake in shares of Manchester United during the fourth quarter valued at $1,013,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.
Manchester United Company Profile
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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