Kirin (OTCMKTS:KNBWY) Releases Earnings Results, Beats Expectations By $0.06 EPS

Kirin (OTCMKTS:KNBWY) released its earnings results on Friday. The company reported $0.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.06, reports. The company had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.22 billion. Kirin had a return on equity of 5.74% and a net margin of 3.47%.

Kirin Price Performance

Shares of KNBWY traded up $1.07 during trading hours on Friday, reaching $17.64. The stock had a trading volume of 7,057 shares, compared to its average volume of 26,630. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 1.35. Kirin has a 12 month low of $12.80 and a 12 month high of $17.78. The stock has a market capitalization of $14.29 billion, a PE ratio of 25.57 and a beta of -0.10. The company’s 50-day moving average is $15.35 and its two-hundred day moving average is $14.91.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Kirin from a “buy” rating to a “hold” rating in a report on Tuesday.

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based global beverage and life sciences group best known for its flagship beer brand. The company’s core operations encompass the brewing and distribution of beer and spirits, the production of soft drinks and other non-alcoholic beverages, and a growing pharmaceuticals and biotech segment. Kirin’s beverage portfolio ranges from mainstream lagers and craft-inspired brews to juices, teas, and carbonated soft drinks sold under various regional labels.

Rooted in the founding of Kirin Brewery Company in 1888, the group restructured into a pure holding company in 2007 to foster greater strategic flexibility.