MINISO Group (NYSE:MNSO) Releases Quarterly Earnings Results, Misses Estimates By $2.25 EPS

MINISO Group (NYSE:MNSO) posted its earnings results on Friday. The company reported $0.36 EPS for the quarter, missing the consensus estimate of $2.61 by ($2.25), Zacks reports. The company had revenue of $646.49 million for the quarter, compared to the consensus estimate of $4.82 billion. MINISO Group had a return on equity of 26.07% and a net margin of 15.18%.

MINISO Group Trading Down 9.1 %

Shares of MNSO stock traded down $1.89 on Friday, reaching $18.90. 5,304,985 shares of the stock were exchanged, compared to its average volume of 1,614,077. The stock has a market cap of $5.91 billion, a PE ratio of 17.03, a P/E/G ratio of 0.80 and a beta of 0.10. MINISO Group has a one year low of $12.51 and a one year high of $27.71. 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 stock has a 50 day moving average price of $21.83 and a 200 day moving average price of $20.44.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MNSO. HSBC began coverage on MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective for the company. Hsbc Global Res upgraded 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 issued a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, MINISO Group presently has an average rating of “Moderate Buy” and an average target price of $23.70.

MINISO Group Company Profile

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.