MINISO Group (NYSE:MNSO) Releases Earnings Results

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

MINISO Group Stock Down 9.1 %

MINISO Group stock opened at $18.90 on Friday. The stock has a market cap of $5.91 billion, a price-to-earnings ratio of 17.03, a PEG ratio of 0.80 and a beta of 0.10. 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’s 50-day moving average price is $21.83 and its two-hundred day moving average price is $20.46. MINISO Group has a 52 week low of $12.51 and a 52 week high of $27.71.

MINISO Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.3268 per share. The ex-dividend date is Tuesday, April 8th. MINISO Group’s payout ratio is 46.85%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MNSO. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target 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.