Manchester United (MANU) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS
Manchester United (NYSE:MANU) posted its quarterly earnings results on Tuesday. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.02), MarketWatch Earnings reports. The firm had revenue of $147.10 million for the quarter, compared to analyst estimates of $141.93 million. Manchester United had a return on equity of 7.94% and a net margin of 0.37%. The business’s revenue was down 16.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.14 EPS.
Shares of NYSE:MANU opened at $23.40 on Wednesday. The company has a market capitalization of $960.66 million, a P/E ratio of 86.67, a P/E/G ratio of 8.75 and a beta of 0.67. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 0.98. Manchester United has a one year low of $17.50 and a one year high of $27.70.
Separately, Zacks Investment Research upgraded shares of Manchester United from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 18th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.50.
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 regional and international companies to leverage its brand.
See Also: How Do You Make Money With Penny Stocks?
Receive News & Ratings for Manchester United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United and related companies with MarketBeat.com's FREE daily email newsletter.