Manchester United (NYSE:MANU) Issues Quarterly Earnings Results

Manchester United (NYSE:MANU) released its quarterly earnings data on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.10, Zacks reports. The firm had revenue of $250.96 million during the quarter, compared to analysts’ expectations of $220.94 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Manchester United Trading Down 9.7%

Shares of MANU stock traded down $2.17 on Thursday, reaching $20.05. The company had a trading volume of 662,643 shares, compared to its average volume of 332,411. The company has a 50-day moving average of $18.07 and a 200-day moving average of $17.06. The company has a current ratio of 0.32, a quick ratio of 0.30 and a debt-to-equity ratio of 2.52. The stock has a market cap of $3.46 billion, a PE ratio of -143.23 and a beta of 0.59. Manchester United has a 12 month low of $13.80 and a 12 month high of $22.94.

Analyst Ratings Changes

Separately, Wall Street Zen raised shares of Manchester United from a “strong sell” rating to a “sell” rating in a report on Saturday, May 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Manchester United currently has a consensus rating of “Sell”.

Institutional Investors Weigh In On Manchester United

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new position in shares of Manchester United during the 2nd quarter worth approximately $29,000. Quarry LP acquired a new position in Manchester United in the 4th quarter valued at $30,000. Quantbot Technologies LP boosted its position in shares of Manchester United by 105.3% during the 2nd quarter. Quantbot Technologies LP now owns 6,380 shares of the company’s stock worth $114,000 after acquiring an additional 3,273 shares in the last quarter. Orion Porfolio Solutions LLC acquired a new position in shares of Manchester United during the second quarter worth $179,000. Finally, Deutsche Bank AG boosted its holdings in shares of Manchester United by 14.9% during the 4th quarter. Deutsche Bank AG now owns 10,916 shares of the company’s stock valued at $174,000 after acquiring an additional 1,419 shares in the last quarter. 23.34% of the stock is owned by institutional investors.

Manchester United News Summary

Here are the key news stories impacting Manchester United this week:

• Positive Sentiment: Manchester United beat fiscal Q3 expectations, reporting EPS of $0.04 versus the expected loss and revenue of $250.96 million above estimates, which helped spark a sharp rally in the stock. MarketBeat earnings summary
• Positive Sentiment: The company raised its full-year outlook and swung to an operating profit, reinforcing optimism that the club’s financial performance is improving after a strong season. TipRanks operating profit and outlook raise
• Neutral Sentiment: Several reports noted the stock hit a 52-week high after the earnings beat, reflecting strong investor enthusiasm around the quarter and guidance update. Benzinga 52-week high article
• Neutral Sentiment: Manchester United also posted a quarterly net loss of nearly $16 million, reminding investors that profitability remains uneven despite the better-than-expected top line. MSN net loss article
• Negative Sentiment: Newly released Q3 results showed revenue growth, but higher costs deepened the quarterly loss, which may be tempering the post-earnings move as investors focus on margin pressure. TipRanks revenue and higher costs article

About Manchester United

Manchester United plc is a global sports and entertainment company best known for its ownership and operation of Manchester United Football Club, one of the most prominent professional football clubs in the world. The company’s core activities include the organization and promotion of competitive football matches, management of club facilities such as Old Trafford stadium, and the development of youth and academy programs. As a publicly traded entity on the New York Stock Exchange (NYSE: MANU), Manchester United plc leverages its status to expand commercial partnerships and broaden its international footprint.

The company’s revenue streams are diversified across matchday operations, broadcast rights, commercial partnerships, and licensing and merchandising.