-$0.12 Earnings Per Share Expected for Manchester United PLC (NYSE:MANU) This Quarter

Share on StockTwits

Equities analysts expect Manchester United PLC (NYSE:MANU) to announce ($0.12) earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Manchester United’s earnings. Manchester United reported earnings per share of ($0.01) in the same quarter last year, which would indicate a negative year-over-year growth rate of 1,100%. The company is scheduled to issue its next quarterly earnings results on Tuesday, September 24th.

According to Zacks, analysts expect that Manchester United will report full-year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.13 to $0.36. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.03 per share, with EPS estimates ranging from ($0.03) to $0.09. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that that provide coverage for Manchester United.

Several analysts have recently weighed in on the company. ValuEngine downgraded Manchester United from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Zacks Investment Research cut Manchester United from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Manchester United presently has a consensus rating of “Hold” and an average target price of $22.75.

NYSE MANU traded up $0.10 during trading on Tuesday, reaching $17.30. 145,127 shares of the company’s stock were exchanged, compared to its average volume of 57,596. The stock has a market cap of $691.35 million, a P/E ratio of 123.57, a price-to-earnings-growth ratio of 26.20 and a beta of 0.69. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.08 and a current ratio of 1.09. The company has a 50 day moving average price of $17.47 and a two-hundred day moving average price of $18.62. Manchester United has a 1 year low of $16.68 and a 1 year high of $25.20.

Large investors have recently made changes to their positions in the company. Acadian Asset Management LLC boosted its stake in shares of Manchester United by 1,654.5% during the 1st quarter. Acadian Asset Management LLC now owns 29,581 shares of the company’s stock worth $569,000 after acquiring an additional 27,895 shares in the last quarter. Clark Estates Inc. NY lifted its stake in shares of Manchester United by 5.9% during the 2nd quarter. Clark Estates Inc. NY now owns 110,450 shares of the company’s stock worth $1,997,000 after purchasing an additional 6,152 shares during the period. Jupiter Asset Management Ltd. lifted its stake in shares of Manchester United by 0.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 2,735,481 shares of the company’s stock worth $49,266,000 after purchasing an additional 14,638 shares during the period. River & Mercantile Asset Management LLP purchased a new position in shares of Manchester United during the 1st quarter worth $1,290,000. Finally, Lindsell Train Ltd lifted its stake in shares of Manchester United by 2.4% during the 2nd quarter. Lindsell Train Ltd now owns 11,204,561 shares of the company’s stock worth $201,794,000 after purchasing an additional 262,389 shares during the period. 82.70% of the stock is currently owned by institutional investors and hedge funds.

About Manchester United

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.

Featured Article: What are trading strategies for the 52-week high/low?

Get a free copy of the Zacks research report on Manchester United (MANU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates 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.