MINISO Group (NYSE:MNSO) Posts Earnings Results, Misses Expectations By $2.25 EPS

MINISO Group (NYSE:MNSO) announced its quarterly earnings data on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.61 by ($2.25), Zacks reports. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion.

MINISO Group Trading Down 9.1 %

MNSO traded down $1.89 during trading on Friday, hitting $18.90. 5,304,985 shares of the stock traded hands, compared to its average volume of 1,614,077. The firm has a market capitalization of $5.91 billion, a P/E ratio of 17.03, a price-to-earnings-growth ratio of 0.80 and a beta of 0.10. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.14 and a quick ratio of 1.66. The firm has a 50-day moving average of $21.83 and a 200 day moving average of $20.44. MINISO Group has a 12-month low of $12.51 and a 12-month high of $27.71.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MNSO shares. HSBC started coverage on shares of MINISO Group in a research note on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective for the company. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a research note on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $23.70.

About MINISO Group

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products and pop toy products in China, Asia, the United States, and Europe. The company offers products in various categories, including home decor products, small electronics, textiles, accessories, beauty tools, toys, cosmetics, personal care products, snacks, fragrances and perfumes, and stationeries and gifts under the MINISO and WonderLife brand names; and blind boxes, toy bricks, model figures, model kits, collectible dolls, Ichiban Kuji, sculptures, and other popular toys under the TOP TOY brand.