MINISO Group (NYSE:MNSO) Issues Earnings Results, Misses Expectations By $0.13 EPS

MINISO Group (NYSE:MNSOGet Rating) announced its quarterly earnings data on Thursday. The company reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.13), Fidelity Earnings reports. MINISO Group had a net margin of 5.67% and a return on equity of 10.70%. During the same period in the prior year, the firm earned $0.08 earnings per share. MINISO Group updated its Q4 2022 guidance to EPS.

Shares of MNSO opened at $5.73 on Friday. The business’s 50-day moving average price is $7.13 and its 200-day moving average price is $9.37. MINISO Group has a twelve month low of $5.07 and a twelve month high of $24.68. The stock has a market cap of $1.74 billion, a PE ratio of 20.46 and a beta of 0.06. The company has a quick ratio of 1.69, a current ratio of 2.05 and a debt-to-equity ratio of 0.06.

Separately, Zacks Investment Research cut MINISO Group from a “hold” rating to a “sell” rating in a research note on Friday, April 1st.

Several institutional investors and hedge funds have recently made changes to their positions in MNSO. Morgan Stanley increased its position in shares of MINISO Group by 430.0% during the first quarter. Morgan Stanley now owns 6,360 shares of the company’s stock valued at $153,000 after buying an additional 5,160 shares during the period. Bank of America Corp DE grew its holdings in shares of MINISO Group by 2,486.3% during the second quarter. Bank of America Corp DE now owns 1,319 shares of the company’s stock worth $28,000 after purchasing an additional 1,268 shares in the last quarter. Invesco Ltd. grew its holdings in shares of MINISO Group by 196.4% during the third quarter. Invesco Ltd. now owns 56,419 shares of the company’s stock worth $860,000 after purchasing an additional 37,386 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of MINISO Group by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 95,039 shares of the company’s stock worth $983,000 after purchasing an additional 3,030 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of MINISO Group by 16.0% during the fourth quarter. Goldman Sachs Group Inc. now owns 1,627,113 shares of the company’s stock worth $16,824,000 after purchasing an additional 224,610 shares in the last quarter. Hedge funds and other institutional investors own 16.76% of the company’s stock.

MINISO Group Company Profile (Get Rating)

MINISO Group Holding Limited, an investment holding company, engages in the retail and wholesale of lifestyle products in China, Asia, the Americas, 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.

Further Reading

Earnings History for MINISO Group (NYSE:MNSO)

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