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.
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.
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