Manchester United (MANU) to Release Quarterly Earnings on Friday
Manchester United (NYSE:MANU – Get Free Report) is set to announce its earnings results on Friday, December 8th.
Manchester United (NYSE:MANU – Get Free Report) last released its quarterly earnings data on Thursday, October 26th. The company reported ($0.08) EPS for the quarter. Manchester United had a negative return on equity of 40.60% and a negative net margin of 4.38%. The firm had revenue of $209.45 million during the quarter. On average, analysts expect Manchester United to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.
Manchester United Stock Down 1.3 %
NYSE:MANU traded down $0.26 during mid-day trading on Thursday, reaching $19.36. The stock had a trading volume of 458,506 shares, compared to its average volume of 1,567,242. The business’s 50 day moving average is $18.75 and its 200 day moving average is $20.64. Manchester United has a fifty-two week low of $17.02 and a fifty-two week high of $27.34. The stock has a market cap of $3.19 billion, a P/E ratio of -98.10 and a beta of 0.75. The company has a debt-to-equity ratio of 4.88, a current ratio of 0.37 and a quick ratio of 0.36.
Institutional Investors Weigh In On Manchester United
A number of large investors have recently added to or reduced their stakes in MANU. Citigroup Inc. boosted its position in Manchester United by 4,255.3% during the first quarter. Citigroup Inc. now owns 3,310 shares of the company’s stock worth $48,000 after purchasing an additional 3,234 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Manchester United by 1,267.9% in the third quarter. Tower Research Capital LLC TRC now owns 6,511 shares of the company’s stock valued at $86,000 after acquiring an additional 6,035 shares during the period. Quantbot Technologies LP bought a new stake in shares of Manchester United in the second quarter valued at approximately $90,000. Wells Fargo & Company MN boosted its position in shares of Manchester United by 35.4% in the second quarter. Wells Fargo & Company MN now owns 4,872 shares of the company’s stock valued at $119,000 after acquiring an additional 1,275 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in shares of Manchester United by 126.7% in the second quarter. JPMorgan Chase & Co. now owns 14,624 shares of the company’s stock valued at $163,000 after acquiring an additional 69,461 shares during the period. Institutional investors own 23.34% of the company’s stock.
Wall Street Analysts Forecast Growth
Separately, StockNews.com upgraded Manchester United to a “sell” rating in a report on Thursday, November 30th. One research analyst has rated the stock with a sell rating and one has given a hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $25.50.
Check Out Our Latest Stock Analysis on Manchester United
About Manchester United (Get Free Report)
Manchester United plc, together with its subsidiaries, owns and operates a professional sports team in the United Kingdom. It operates Manchester United Football Club, a professional football club. The company develops marketing and sponsorship relationships with international and regional companies to leverage its brand.
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Original: MarketBeat News Feed: Manchester United (MANU) to Release Quarterly Earnings on Friday