MINISO Group Holding Limited (NYSE:MNSO) Announces $0.33 Dividend

MINISO Group Holding Limited (NYSE:MNSO) announced a dividend on Friday, March 21st, NASDAQ Dividends reports. Investors of record on Tuesday, April 8th will be given a dividend of 0.3268 per share on Wednesday, April 23rd. The ex-dividend date of this dividend is Tuesday, April 8th.

MINISO Group has raised its dividend by an average of 20.7% annually over the last three years. MINISO Group has a payout ratio of 30.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MINISO Group to earn $1.47 per share next year, which means the company should continue to be able to cover its $0.55 annual dividend with an expected future payout ratio of 37.4%.

MINISO Group Stock Down 9.1 %

Shares of NYSE MNSO opened at $18.90 on Friday. MINISO Group has a 12-month low of $12.51 and a 12-month high of $27.71. The company has a market capitalization of $5.91 billion, a PE ratio of 17.03, 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. The firm’s 50-day moving average is $21.83 and its two-hundred day moving average is $20.46.

MINISO Group (NYSE:MNSO) last announced its quarterly earnings results on Friday, March 21st. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.61 by ($2.25). MINISO Group had a net margin of 15.18% and a return on equity of 26.07%. The business had revenue of $646.49 million during the quarter, compared to analysts’ expectations of $4.82 billion. Equities analysts anticipate that MINISO Group will post 1.19 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. Hsbc Global Res raised shares of MINISO Group to a “strong-buy” rating in a report on Wednesday, February 26th. HSBC began coverage on shares of MINISO Group in a research report on Wednesday, February 26th. They issued a “buy” rating and a $29.30 price objective for the company. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $23.70.

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.