Manchester United (NYSE:MANU) Announces Earnings Results, Misses Expectations By $4.43 EPS

Manchester United (NYSE:MANU) posted its earnings results on Thursday. The company reported ($4.42) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($4.43), Fidelity Earnings reports. Manchester United had a return on equity of 3.68% and a net margin of 3.72%. The business had revenue of $123.71 million for the quarter, compared to the consensus estimate of $140.00 million. During the same period in the previous year, the company posted $0.05 earnings per share. Manchester United’s revenue for the quarter was down 18.6% compared to the same quarter last year.

NYSE:MANU traded down $0.51 during trading hours on Friday, reaching $15.53. 12,418 shares of the stock were exchanged, compared to its average volume of 253,488. Manchester United has a twelve month low of $12.06 and a twelve month high of $20.48. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.71 and a quick ratio of 0.70. The firm has a 50 day moving average of $15.65 and a 200 day moving average of $17.40. The stock has a market cap of $630.05 million, a PE ratio of 91.35 and a beta of 0.86.

The company also recently declared a semi-annual dividend, which will be paid on Wednesday, June 3rd. Shareholders of record on Friday, April 24th will be given a dividend of $0.09 per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, April 23rd. Manchester United’s dividend payout ratio (DPR) is currently 56.25%.

A number of research firms recently issued reports on MANU. TheStreet raised Manchester United from a “c” rating to a “b” rating in a research note on Wednesday, February 26th. Zacks Investment Research raised Manchester United from a “hold” rating to a “buy” rating and set a $19.00 price target for the company in a research report on Wednesday.

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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Earnings History for Manchester United (NYSE:MANU)

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