MINISO Group (NYSE:MNSO) Announces Earnings Results, Misses Estimates By $1.85 EPS

MINISO Group (NYSE:MNSO - Get Free Report) released its quarterly earnings data on Friday. The company reported $0.19 earnings per share for the quarter, missing the consensus estimate of $2.04 by ($1.85), Zacks reports. The company had revenue of $609.87 million during the quarter, compared to analyst estimates of $4.35 billion. MINISO Group had a net margin of 15.18% and a return on equity of 26.07%.

MINISO Group Stock Performance

Shares of MNSO traded down $0.08 during mid-day trading on Wednesday, reaching $17.34. The company's stock had a trading volume of 552,259 shares, compared to its average volume of 1,722,509. The company has a current ratio of 2.14, a quick ratio of 1.66 and a debt-to-equity ratio of 0.17. MINISO Group has a 1-year low of $12.51 and a 1-year high of $27.71. The business has a 50-day simple moving average of $17.95 and a two-hundred day simple moving average of $20.61. The stock has a market cap of $5.42 billion, a P/E ratio of 15.62, a PEG ratio of 0.80 and a beta of 0.18.

MINISO Group Announces Dividend

The firm also recently disclosed a -- dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Tuesday, April 8th were paid a $0.3268 dividend. The ex-dividend date was Tuesday, April 8th. This represents a yield of 1.4%. MINISO Group's dividend payout ratio is 56.76%.

Institutional Investors Weigh In On MINISO Group

An institutional investor recently raised its position in MINISO Group stock. Royal Bank of Canada lifted its position in shares of MINISO Group Holding Limited (NYSE:MNSO - Free Report) by 66.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,928 shares of the company's stock after purchasing an additional 10,747 shares during the period. Royal Bank of Canada's holdings in MINISO Group were worth $498,000 as of its most recent filing with the Securities and Exchange Commission. 17.16% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on MNSO. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a $20.00 target price on shares of MINISO Group in a research note on Tuesday. HSBC initiated coverage on MINISO Group in a research note on Wednesday, February 26th. They set a "buy" rating and a $29.30 price objective for the company. JPMorgan Chase & Co. raised MINISO Group from a "neutral" rating to an "overweight" rating and raised their price target for the stock from $15.00 to $22.00 in a research report on Tuesday, March 25th. Finally, Hsbc Global Res upgraded MINISO Group to a "strong-buy" rating in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $24.53.

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.