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

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

MINISO Group Trading Up 2.9 %

MINISO Group stock traded up $0.53 during mid-day trading on Wednesday, hitting $18.77. The company's stock had a trading volume of 916,679 shares, compared to its average volume of 1,613,684. The business has a 50 day moving average price of $21.64 and a 200-day moving average price of $20.52. MINISO Group has a 12 month low of $12.51 and a 12 month high of $27.71. The stock has a market cap of $5.87 billion, a price-to-earnings ratio of 16.92, 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.

MINISO Group Dividend Announcement

The firm also recently announced a -- dividend, which will be paid on Wednesday, April 23rd. Investors of record on Tuesday, April 8th will be given a $0.3268 dividend. This represents a yield of 1.4%. The ex-dividend date is Tuesday, April 8th. MINISO Group's payout ratio is presently 55.08%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MNSO shares. Hsbc Global Res raised shares of MINISO Group to a "strong-buy" rating in a report 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 target price on the stock. Finally, JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and lifted their price target for the stock from $15.00 to $22.00 in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $26.03.

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.