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

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

MINISO Group Price Performance

NYSE MNSO traded down $1.89 during trading on Friday, hitting $18.90. 5,304,985 shares of the company’s stock were exchanged, compared to its average volume of 1,614,077. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. The company 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 fifty-two week low of $12.51 and a fifty-two week high of $27.71. The stock’s 50 day moving average price is $21.83 and its two-hundred day moving average price is $20.44.

Wall Street Analysts Forecast Growth

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