Manchester United Ltd. (MANU) Releases Quarterly Earnings Results, Beats Estimates By $0.06 EPS

Manchester United Ltd. (NYSE:MANU) released its quarterly earnings results on Thursday. The company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.06, reports. Manchester United had a return on equity of 7.50% and a net margin of 6.74%. The business had revenue of $141.00 million for the quarter, compared to analysts’ expectations of $133.94 million. The business’s revenue for the quarter was up 17.3% on a year-over-year basis.

Manchester United (NYSE:MANU) traded down $0.20 during midday trading on Thursday, hitting $18.90. 102,800 shares of the stock were exchanged, compared to its average volume of 49,360. Manchester United has a 1-year low of $14.10 and a 1-year high of $19.35. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.96 and a quick ratio of 0.96. The firm has a market capitalization of $767.72, a P/E ratio of 70.74, a PEG ratio of 15.26 and a beta of 0.57.

Several brokerages have issued reports on MANU. Jefferies Group LLC restated a “buy” rating and set a $21.00 price objective (up previously from $19.00) on shares of Manchester United in a research note on Thursday, September 21st. Deutsche Bank AG restated a “buy” rating and set a $20.00 price objective (up previously from $19.00) on shares of Manchester United in a research note on Monday, September 25th. BidaskClub upgraded Manchester United from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research cut Manchester United from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 27th.

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An institutional investor recently raised its position in Manchester United stock. State Street Corp lifted its stake in Manchester United Ltd. (NYSE:MANU) by 0.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,138 shares of the company’s stock after acquiring an additional 395 shares during the quarter. State Street Corp owned approximately 0.11% of Manchester United worth $701,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 90.57% of the company’s stock.

Manchester United Company Profile

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.

Earnings History for Manchester United (NYSE:MANU)

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