Analysts expect Manchester United PLC (NYSE:MANU) to report sales of $212.72 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Manchester United’s earnings. The lowest sales estimate is $188.56 million and the highest is $236.88 million. Manchester United reported sales of $217.63 million during the same quarter last year, which suggests a negative year-over-year growth rate of 2.3%. The business is expected to announce its next earnings results on Thursday, February 14th.

According to Zacks, analysts expect that Manchester United will report full year sales of $743.77 million for the current year, with estimates ranging from $712.64 million to $774.90 million. For the next fiscal year, analysts forecast that the firm will post sales of $758.79 million, with estimates ranging from $719.51 million to $807.66 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Manchester United.

Manchester United (NYSE:MANU) last announced its quarterly earnings results on Thursday, November 15th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.09) by $0.15. Manchester United had a negative net margin of 6.61% and a positive return on equity of 3.43%. The firm had revenue of $175.92 million during the quarter, compared to the consensus estimate of $170.12 million.

A number of brokerages recently commented on MANU. Jefferies Financial Group reaffirmed a “buy” rating and issued a $26.00 price target on shares of Manchester United in a report on Monday, December 17th. Zacks Investment Research raised shares of Manchester United from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective on the stock in a research report on Tuesday, December 4th. Finally, Bank of America increased their price objective on shares of Manchester United from $21.00 to $24.00 and gave the stock a “neutral” rating in a research report on Thursday, September 27th. Three equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $23.00.

Shares of NYSE:MANU traded up $0.21 during trading on Friday, reaching $18.96. The company’s stock had a trading volume of 46,700 shares, compared to its average volume of 62,300. The company has a current ratio of 0.83, a quick ratio of 0.82 and a debt-to-equity ratio of 1.14. Manchester United has a 12 month low of $16.91 and a 12 month high of $27.70. The company has a market cap of $764.91 million, a price-to-earnings ratio of 135.43, a PEG ratio of 5.56 and a beta of 0.61.

The company also recently disclosed a Semi-Annual dividend, which was paid on Friday, January 4th. Investors of record on Friday, November 30th were given a $0.09 dividend. This represents a yield of 2.05%. The ex-dividend date of this dividend was Thursday, November 29th. Manchester United’s dividend payout ratio (DPR) is currently 128.57%.

Several large investors have recently modified their holdings of the company. Norman Fields Gottscho Capital Management LLC increased its position in shares of Manchester United by 0.6% during the fourth quarter. Norman Fields Gottscho Capital Management LLC now owns 186,485 shares of the company’s stock worth $3,539,000 after acquiring an additional 1,085 shares during the period. Morgan Stanley increased its position in shares of Manchester United by 5.5% during the third quarter. Morgan Stanley now owns 191,553 shares of the company’s stock worth $4,310,000 after acquiring an additional 9,966 shares during the period. JPMorgan Chase & Co. increased its position in shares of Manchester United by 34,225.0% during the third quarter. JPMorgan Chase & Co. now owns 13,730 shares of the company’s stock worth $309,000 after acquiring an additional 13,690 shares during the period. Marshall Wace LLP purchased a new position in shares of Manchester United during the third quarter worth approximately $345,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Manchester United during the third quarter worth approximately $606,000. 85.17% 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. 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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Earnings History and Estimates for Manchester United (NYSE:MANU)

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