Manchester United (NYSE:MANU – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share for the quarter, beating the consensus estimate of ($0.40) by $0.18, FiscalAI reports. Manchester United had a negative net margin of 2.67% and a positive return on equity of 0.64%. The firm had revenue of $208.66 million for the quarter, compared to analysts’ expectations of $192.23 million.
Manchester United Stock Up 0.7%
Shares of NYSE:MANU opened at $20.55 on Wednesday. Manchester United has a 12-month low of $14.85 and a 12-month high of $24.45. The company has a current ratio of 0.37, a quick ratio of 0.35 and a debt-to-equity ratio of 2.73. The stock’s 50-day moving average price is $22.06 and its 200-day moving average price is $20.38. The stock has a market capitalization of $3.54 billion, a P/E ratio of -146.75 and a beta of 0.58.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on MANU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Manchester United in a research note on Friday, September 11th. Wall Street Zen upgraded Manchester United from a “sell” rating to a “hold” rating in a report on Sunday, May 31st. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Manchester United has an average rating of “Sell”.
About Manchester United
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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