Manchester United (NYSE:MANU) issued its quarterly earnings results on Thursday. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.10, MarketWatch Earnings reports. The company had revenue of $152.10 million for the quarter, compared to analyst estimates of $156.97 million. Manchester United had a return on equity of 10.14% and a net margin of 2.53%. The business’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.03) EPS. Manchester United updated its FY 2019 guidance to EPS.
NYSE MANU traded up $0.26 during trading hours on Thursday, hitting $18.74. The company had a trading volume of 262 shares, compared to its average volume of 62,732. Manchester United has a fifty-two week low of $16.91 and a fifty-two week high of $27.70. The company has a market cap of $758.39 million, a P/E ratio of 132.79, a P/E/G ratio of 4.31 and a beta of 0.62. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 1.11.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Morgan Stanley increased its holdings in Manchester United by 5.5% in the 3rd quarter. Morgan Stanley now owns 191,553 shares of the company’s stock valued at $4,310,000 after purchasing an additional 9,966 shares in the last quarter. Landsberg Bennett & Dubbaneh LLC acquired a new stake in shares of Manchester United during the fourth quarter valued at about $238,000. Two Sigma Advisers LP grew its stake in shares of Manchester United by 35.2% during the fourth quarter. Two Sigma Advisers LP now owns 45,434 shares of the company’s stock valued at $862,000 after acquiring an additional 11,822 shares in the last quarter. Lord Abbett & CO. LLC grew its stake in shares of Manchester United by 18.5% during the fourth quarter. Lord Abbett & CO. LLC now owns 182,293 shares of the company’s stock valued at $3,460,000 after acquiring an additional 28,494 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA acquired a new stake in shares of Manchester United during the fourth quarter valued at about $9,711,000. Hedge funds and other institutional investors own 83.70% of the company’s stock.
Several research analysts recently weighed in on MANU shares. Zacks Investment Research raised Manchester United from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a research report on Thursday, February 7th. ValuEngine lowered Manchester United from a “buy” rating to a “hold” rating in a research report on Wednesday. Finally, Deutsche Bank set a $20.00 target price on Manchester United and gave the stock a “hold” rating in a research report on Wednesday, February 20th. Five analysts have rated the stock with a hold rating and one has given a buy rating to the company. Manchester United currently has a consensus rating of “Hold” and an average target price of $23.25.
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Manchester United Company Profile
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. The company operates Manchester United Football Club, a professional football club. It develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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