Manchester United (NYSE:MANU) Issues Earnings Results, Beats Expectations By $0.18 EPS

Manchester United (NYSE:MANU) issued its earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.18, FiscalAI reports. The company had revenue of $208.66 million during the quarter, compared to analysts’ expectations of $192.23 million. Manchester United had a positive return on equity of 0.64% and a negative net margin of 2.67%.

Manchester United Stock Performance

Manchester United stock opened at $20.55 on Wednesday. The company has a market capitalization of $3.54 billion, a P/E ratio of -146.75 and a beta of 0.58. The company has a debt-to-equity ratio of 2.73, a current ratio of 0.37 and a quick ratio of 0.35. Manchester United has a 1 year low of $14.85 and a 1 year high of $24.45. The business has a 50 day moving average of $22.06 and a 200-day moving average of $20.38.

Wall Street Analyst Weigh In

MANU has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Manchester United in a research note on Friday, September 11th. Wall Street Zen raised shares of Manchester United from a “sell” rating to a “hold” rating in a research note on Sunday, May 31st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Manchester United Company Profile

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.