MINISO Group (NYSE:MNSO) Posts Earnings Results, Misses Expectations By $1.52 EPS

Key Points

• MINISO Group reported earnings per share (EPS) of $0.22, missing analysts' expectations of $1.74 by $1.52, with quarterly revenue at $692.93 million compared to an estimate of $4.85 billion.
• Despite the earnings miss, MINISO Group's stock rose by 6.7% on the trading day following the announcement, opening at $22.23.
• Analysts have mixed ratings on MINISO Group, with two considering it a Strong Buy and an average price target of $24.86, despite recent brokerage upgrades and downgrades.

MINISO Group (NYSE:MNSO - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.74 by ($1.52), reports. MINISO Group had a return on equity of 24.23% and a net margin of 13.85%.The firm had revenue of $692.93 million for the quarter, compared to the consensus estimate of $4.85 billion.

MINISO Group Stock Up 6.7%

NYSE MNSO opened at $22.2290 on Friday. The business has a fifty day moving average price of $18.73 and a two-hundred day moving average price of $18.97. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.99 and a quick ratio of 1.54. MINISO Group has a fifty-two week low of $12.51 and a fifty-two week high of $27.71. The stock has a market capitalization of $6.91 billion, a PE ratio of 20.03, a PEG ratio of 1.22 and a beta of 0.16.

Institutional Investors Weigh In On MINISO Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in MINISO Group by 37.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,223 shares of the company's stock worth $41,000 after purchasing an additional 608 shares during the last quarter. Creative Planning lifted its stake in MINISO Group by 45.1% during the second quarter. Creative Planning now owns 16,662 shares of the company's stock worth $304,000 after purchasing an additional 5,177 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of MINISO Group by 66.4% during the first quarter. Royal Bank of Canada now owns 26,928 shares of the company's stock worth $498,000 after buying an additional 10,747 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of MINISO Group by 18.0% during the second quarter. Vident Advisory LLC now owns 29,127 shares of the company's stock worth $531,000 after buying an additional 4,447 shares in the last quarter. Finally, Quantinno Capital Management LP increased its holdings in shares of MINISO Group by 72.8% during the second quarter. Quantinno Capital Management LP now owns 34,806 shares of the company's stock worth $634,000 after buying an additional 14,665 shares in the last quarter. 17.16% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on MNSO. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a $20.00 price target on shares of MINISO Group in a research note on Tuesday, May 27th. Bank of America upgraded MINISO Group from an "underperform" rating to a "neutral" rating in a research note on Thursday. Finally, Jefferies Financial Group upgraded MINISO Group from a "hold" rating to a "buy" rating and boosted their price target for the company from $18.50 to $26.20 in a research note on Friday. Two analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $24.86.

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.

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