Manchester United Ltd. (MANU) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS
Manchester United Ltd. (NYSE:MANU) announced its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.06, reports. Manchester United had a net margin of 6.74% and a return on equity of 7.50%. The firm had revenue of $141.00 million for the quarter, compared to the consensus estimate of $133.94 million. The firm’s revenue was up 17.3% on a year-over-year basis.
Shares of Manchester United (MANU) opened at $19.55 on Friday. Manchester United has a 52 week low of $14.10 and a 52 week high of $19.88. The firm has a market cap of $3,220.00, a P/E ratio of 70.74, a P/E/G ratio of 15.26 and a beta of 0.57. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.04.
The firm also recently announced a dividend, which will be paid on Friday, January 5th. Investors of record on Thursday, November 30th will be paid a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, November 29th. Manchester United’s payout ratio is currently 58.06%.
Several equities research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Manchester United from a “strong sell” rating to a “hold” rating in a research note on Saturday. Jefferies Group LLC reaffirmed a “buy” rating and set a $21.00 target price (up from $19.00) on shares of Manchester United in a research note on Thursday, September 21st. BidaskClub downgraded shares of Manchester United from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $20.00 target price (up from $19.00) on shares of Manchester United in a research note on Monday, September 25th.
TRADEMARK VIOLATION NOTICE: “Manchester United Ltd. (MANU) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS” was posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this article on another website, it was stolen and reposted in violation of international copyright & trademark legislation. The legal version of this article can be accessed at https://www.thecerbatgem.com/2017/11/18/manchester-united-ltd-manu-issues-quarterly-earnings-results-beats-expectations-by-0-06-eps.html.
An institutional investor recently raised its position in Manchester United stock. State Street Corp increased its holdings in shares of Manchester United Ltd. (NYSE:MANU) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 43,138 shares of the company’s stock after buying an additional 395 shares during the period. State Street Corp owned about 0.11% of Manchester United worth $701,000 at the end of the most recent quarter. 90.57% of the stock is currently owned by institutional investors.
About Manchester United
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.
Receive News & Stock Ratings for Manchester United Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United Ltd. and related stocks with our FREE daily email newsletter.