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

MINISO Group (NYSE:MNSO) posted its earnings results 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 return on equity of 26.07% and a net margin of 15.18%. The business had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion.

MINISO Group Stock Down 9.1 %

Shares of NYSE:MNSO traded down $1.89 during midday trading on Friday, hitting $18.90. The stock had a trading volume of 5,304,985 shares, compared to its average volume of 1,614,077. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The company has a quick ratio of 1.66, a current ratio of 2.14 and a debt-to-equity ratio of 0.17. The business’s 50-day simple moving average is $21.83 and its 200-day simple moving average is $20.44. The company has a market cap of $5.91 billion, a P/E ratio of 17.03, a PEG ratio of 0.80 and a beta of 0.10.

Wall Street Analysts Forecast Growth

MNSO has been the subject of a number of research reports. HSBC began coverage on MINISO Group in a research note on Wednesday, February 26th. They set a “buy” rating and a $29.30 target price for the company. Hsbc Global Res raised MINISO Group to a “strong-buy” rating in a research report on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, two have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, MINISO Group presently 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.