Manchester United (MANU) Set to Announce Earnings on Tuesday

Posted by on Jun 25th, 2023

Manchester United (NYSE:MANU – Get Rating) will announce its earnings results before the market opens on Tuesday, June 27th. Analysts expect the company to announce earnings of ($0.05) per share for the quarter.

Manchester United (NYSE:MANU – Get Rating) last released its quarterly earnings results on Thursday, March 30th. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.06). The company had revenue of $196.48 million during the quarter, compared to the consensus estimate of $170.80 million. Manchester United had a negative return on equity of 45.01% and a negative net margin of 20.86%. 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 Trading Down 2.1 %

MANU opened at $22.60 on Friday. The stock has a fifty day moving average price of $20.13 and a 200-day moving average price of $21.69. Manchester United has a 12 month low of $10.41 and a 12 month high of $27.34. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of -24.56 and a beta of 0.68. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 4.88.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Renaissance Technologies LLC increased its holdings in shares of Manchester United by 16.5% in the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock valued at $6,222,000 after purchasing an additional 79,100 shares during the period. Northern Trust Corp boosted its stake in shares of Manchester United by 13.6% in the second quarter. Northern Trust Corp now owns 144,052 shares of the company’s stock worth $1,602,000 after buying an additional 17,276 shares during the last quarter. JPMorgan Chase & Co. boosted its stake 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 worth $163,000 after buying an additional 69,461 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Manchester United by 6.3% in the first quarter. Gabelli Funds LLC now owns 218,000 shares of the company’s stock worth $3,154,000 after buying an additional 13,000 shares during the last quarter. Finally, Alyeska Investment Group L.P. boosted its stake in shares of Manchester United by 33.6% in the first quarter. Alyeska Investment Group L.P. now owns 497,181 shares of the company’s stock worth $7,194,000 after buying an additional 124,954 shares during the last quarter. 23.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

MANU has been the topic of several recent analyst reports. StockNews.com raised Manchester United to a “sell” rating in a research report on Monday, March 27th. TheStreet lowered Manchester United from a “c-” rating to a “d+” rating in a research report on Wednesday, March 29th.

About Manchester United

(Get Rating)

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.

Featured Articles

Earnings History for Manchester United (NYSE:MANU)

Receive News & Ratings for Manchester United Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Manchester United and related companies with MarketBeat.com's FREE daily email newsletter.