Manchester United (NYSE:MANU – Get Rating) released its quarterly earnings results on Thursday. The company reported ($13.75) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($13.63), Fidelity Earnings reports. The firm had revenue of $152.80 million for the quarter, compared to analysts’ expectations of $146.72 million. Manchester United had a negative net margin of 27.73% and a negative return on equity of 24.37%. The business’s quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.18) EPS.
Shares of MANU traded up $0.09 during mid-day trading on Friday, reaching $12.61. The company had a trading volume of 1,161,802 shares, compared to its average volume of 541,893. Manchester United has a 52-week low of $10.51 and a 52-week high of $20.86. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 1.93. The stock has a 50 day moving average of $13.75 and a two-hundred day moving average of $13.96.
The company also recently declared a Semi-Annual dividend, which will be paid on Friday, June 24th. Shareholders of record on Monday, June 6th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, June 3rd. This represents a yield of 1.4%. Manchester United’s payout ratio is presently -13.95%.
Several institutional investors and hedge funds have recently modified their holdings of MANU. Ariel Investments LLC raised its holdings in Manchester United by 66.2% in the 4th quarter. Ariel Investments LLC now owns 10,934,059 shares of the company’s stock worth $155,701,000 after purchasing an additional 4,353,585 shares during the period. Invesco Ltd. acquired a new position in Manchester United in the 4th quarter worth about $32,346,000. Massachusetts Financial Services Co. MA raised its holdings in Manchester United by 28.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,166,867 shares of the company’s stock worth $45,096,000 after purchasing an additional 693,227 shares during the period. Millennium Management LLC raised its holdings in Manchester United by 614.9% in the 3rd quarter. Millennium Management LLC now owns 667,368 shares of the company’s stock worth $12,927,000 after purchasing an additional 574,017 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Manchester United by 232.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 266,900 shares of the company’s stock worth $3,801,000 after purchasing an additional 186,720 shares during the period.
About Manchester United (Get Rating)
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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