Manchester United (MANU) to Release Earnings on Wednesday

Manchester United (NYSE:MANU) is set to post its quarterly earnings results on Wednesday, September 20th. Manchester United has set its FY 2023 guidance at EPS.

Manchester United (NYSE:MANU) last released its quarterly earnings results on Tuesday, June 27th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.04). The business had revenue of $206.60 million during the quarter, compared to analyst estimates of $169.66 million. Manchester United had a negative net margin of 16.59% and a negative return on equity of 46.66%. 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 Up 1.8 %

NYSE MANU opened at $19.43 on Tuesday. The company has a debt-to-equity ratio of 4.99, a current ratio of 0.39 and a quick ratio of 0.39. Manchester United has a 12-month low of $12.16 and a 12-month high of $27.34. The firm has a 50-day moving average price of $22.01 and a two-hundred day moving average price of $21.55.

Analyst Ratings Changes

Several equities research analysts recently issued reports on MANU shares. 888 reiterated a “maintains” rating on shares of Manchester United in a research note on Tuesday, June 27th. SpectralCast reaffirmed a “maintains” rating on shares of Manchester United in a research report on Tuesday, June 27th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Manchester United from $24.00 to $25.00 in a report on Tuesday, June 27th. StockNews.com started coverage on shares of Manchester United in a research report on Thursday, August 17th. They set a “sell” rating on the stock. Finally, Jefferies Financial Group boosted their price objective on shares of Manchester United from $25.00 to $26.00 in a research report on Tuesday, June 27th. One investment analyst has rated the stock with a sell rating and one has issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $25.50.

Institutional Trading of Manchester United

A number of institutional investors and hedge funds have recently bought and sold shares of MANU. Ariel Investments LLC grew its position in shares of Manchester United by 12.4% in the 1st quarter. Ariel Investments LLC now owns 12,289,486 shares of the company’s stock valued at $177,829,000 after buying an additional 1,355,427 shares during the last quarter. Invesco Ltd. boosted its position in Manchester United by 26.3% during the first quarter. Invesco Ltd. now owns 2,869,363 shares of the company’s stock valued at $41,520,000 after acquiring an additional 597,906 shares during the last quarter. Millennium Management LLC lifted its stake in shares of Manchester United by 157.4% in the 2nd quarter. Millennium Management LLC now owns 1,237,950 shares of the company’s stock valued at $13,766,000 after purchasing an additional 757,060 shares during the period. Two Sigma Investments LP acquired a new stake in Manchester United during the fourth quarter worth approximately $20,217,000. Finally, Bamco Inc. NY lifted its stake in Manchester United by 204.6% in the fourth quarter. Bamco Inc. NY now owns 569,759 shares of the company’s stock valued at $13,292,000 after buying an additional 382,703 shares during the period. 23.34% of the stock is currently owned by institutional investors and hedge funds.

Manchester United Company Profile

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.