Revenue Update on Manchester United PLC(NYSE:MANU)

Manchester United PLC(NYSE:MANU) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-market on Sep 12, 2016. Company reported revenue of $179.41M. Analysts estimated a revenue of $127.21M. Earnings per share were $7.07. Analysts had estimated an EPS of $6.50.

In a different note, On Aug 16, 2016, Jefferies said it Maintains its rating on Manchester United PLC. In the research note, the firm Lowers the price-target to $21.00 per share. The shares have been rated ‘Buy’ by the firm.

Manchester United PLC (MANU) shares turned negative on Tuesdays trading session with the shares closing down -0.35 points or -2.03% at a volume of 58,961. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $17.28. The peak price level was also seen at $17.28 while the days lowest was $16.86. Finally the shares closed at $16.86. The 52-week high of the shares is $19.74 while the 52-week low is $13.3. According to the latest information available, the market cap of the company is $2,765 M.

Manchester United plc formerly Manchester United Ltd. operates a professional sports team. The Company plays spectator sports. It offers its services in commercial broadcasting and matchday sectors. Within the commercial sector it is engaged in sponsorship; retail merchandising apparel and product licensing and mobile and content. It markets and sells sports apparel training and leisure wear and other clothing under the Manchester United brand across the globe. Its broadcasting sector is engaged in the distribution of live football content. Its television channel MUTV delivers Manchester United programming to over 90 countries. Matchday sector includes domestic and European football match day activities from Manchester United games at Old Trafford the Manchester United football stadium along with receipts for domestic cup such as the Football League Cup sponsored by Capital One (the League Cup) and the Emirates FA Cup (the FA Cup) and games not played at Old Trafford.

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