Manchester United (NYSE:MANU – Get Free Report) announced its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.18, FiscalAI reports. The business had revenue of $208.66 million for the quarter, compared to analysts’ expectations of $192.23 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.
Manchester United Price Performance
NYSE:MANU opened at $20.55 on Wednesday. Manchester United has a 52-week low of $14.85 and a 52-week high of $24.45. The stock has a fifty day moving average of $22.06 and a 200 day moving average of $20.38. The company has a debt-to-equity ratio of 2.73, a quick ratio of 0.35 and a current ratio of 0.37. The firm has a market capitalization of $3.54 billion, a price-to-earnings ratio of -146.75 and a beta of 0.58.
Analysts Set New Price Targets
Several research firms recently commented on MANU. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Manchester United in a report on Friday, September 11th. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a research report on Sunday, May 31st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.
Manchester United Company Profile
Manchester United plc (NYSE:MANU) is a professional sports and entertainment company centered on Manchester United Football Club, one of England’s most prominent soccer clubs. The club operates men’s and women’s first teams, a youth academy, and related football development programs. Its teams compete primarily in English and European competitions, with home matches played at Old Trafford in Manchester, England.
The company generates revenue through matchday activities, global broadcasting and media rights, commercial partnerships and sponsorships, retail merchandise, licensing, hospitality, and other club-related services.
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