Manchester United (NYSE:MANU) Releases Quarterly Earnings Results

Manchester United (NYSE:MANU) released its quarterly earnings results on Thursday. The company reported ($4.42) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($4.43), Fidelity Earnings reports. Manchester United had a positive return on equity of 0.20% and a negative net margin of 1.58%. The firm had revenue of $123.71 million for the quarter, compared to analyst estimates of $140.00 million. During the same period in the prior year, the business earned $0.05 earnings per share. Manchester United’s revenue for the quarter was down 18.6% on a year-over-year basis.

MANU opened at $15.69 on Friday. The company’s 50 day simple moving average is $15.66 and its 200 day simple moving average is $17.39. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.70 and a current ratio of 0.71. Manchester United has a 1 year low of $12.06 and a 1 year high of $20.48. The stock has a market capitalization of $645.87 million, a PE ratio of 1,592.00 and a beta of 0.86.

The business also recently announced a semi-annual dividend, which will be paid on Wednesday, June 3rd. Investors of record on Friday, April 24th will be given a $0.09 dividend. The ex-dividend date of this dividend is Thursday, April 23rd. This represents a dividend yield of 1%. Manchester United’s dividend payout ratio is presently 56.25%.

Several equities research analysts have issued reports on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $18.00 price target on shares of Manchester United in a research note on Friday. TheStreet raised shares of Manchester United from a “c” rating to a “b” rating in a research note on Wednesday, February 26th. Finally, Zacks Investment Research raised shares of Manchester United from a “hold” rating to a “buy” rating and set a $19.00 price target on the stock in a research note on Wednesday. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $19.00.

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.

Further Reading: Gross Domestic Product (GDP)

Earnings History for Manchester United (NYSE:MANU)

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