Manchester United Ltd. (MANU) to Release Earnings on Thursday
Manchester United Ltd. (NYSE:MANU) is set to post its quarterly earnings results before the market opens on Thursday, September 21st. Analysts expect Manchester United to post earnings of $7.88 per share for the quarter.
Shares of Manchester United Ltd. (MANU) opened at 16.90 on Tuesday. The stock has a market cap of $2.77 billion, a P/E ratio of 153.64 and a beta of 0.54. Manchester United Ltd. has a 52-week low of $14.10 and a 52-week high of $18.30. The firm’s 50-day moving average price is $16.80 and its 200-day moving average price is $16.64.
An institutional investor recently raised its position in Manchester United stock. State Street Corp boosted its holdings in shares of Manchester United Ltd. (NYSE:MANU) by 0.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 43,138 shares of the company’s stock after buying an additional 395 shares during the quarter. State Street Corp owned about 0.11% of Manchester United worth $701,000 at the end of the most recent quarter. 72.26% of the stock is owned by institutional investors.
MANU has been the subject of several recent research reports. Zacks Investment Research lowered Manchester United from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $19.00 price objective on shares of Manchester United in a report on Monday, July 3rd. Finally, BidaskClub upgraded Manchester United from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $19.85.
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.
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