MINISO Group (NYSE:MNSO) Announces Quarterly Earnings Results

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

MINISO Group Stock Performance

Shares of NYSE MNSO traded down $1.89 during midday trading on Friday, hitting $18.90. The company’s stock had a trading volume of 5,304,985 shares, compared to its average volume of 1,614,077. The stock has a fifty day moving average price of $21.83 and a 200 day moving average price of $20.44. MINISO Group has a one year low of $12.51 and a one year high of $27.71. 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 firm has a market capitalization of $5.91 billion, a price-to-earnings ratio of 17.03, a P/E/G ratio of 0.80 and a beta of 0.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on MNSO shares. HSBC initiated coverage on shares of MINISO Group in a report on Wednesday, February 26th. They set a “buy” rating and a $29.30 price objective for the company. Hsbc Global Res upgraded shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, MINISO Group presently has a consensus rating of “Moderate Buy” and a consensus target price 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.