Manchester United Plc (NYSE: MANU) has reported a loss for its first fiscal quarter (ending September 30) of $-0.20 versus a loss $-0.18 for the same period a year ago. This result fell short of the consensus estimate of $-0.05 by $-0.15. For the latest four quarters through September 30, E.P.S. were $-0.25 versus $-0.90 for the same period a year ago.
Recent Price Action
Manchester United Plc (NYSE: MANU) stock closed at $19.97 on 1/17/24 after a large decline of -5.8%. Moreover, trading volume in this decline was exceptionally high at 472% of normal. The stock has performed in line with the market over the last nine months and has declined -1.6% during the last week.
Current PriceTarget Research Rating
MANU is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Manchester United has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Manchester United has a neutral Power Rating of 47 but a very low Appreciation Score of 1, and the Lowest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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