Kirin (OTCMKTS:KNBWY) Releases Earnings Results, Beats Expectations By $0.16 EPS

Kirin (OTCMKTS:KNBWY) released its earnings results on Friday. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.16, Zacks reports. Kirin had a return on equity of 9.82% and a net margin of 6.11%.The business had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.85 billion.

Kirin Stock Up 5.7%

KNBWY stock opened at $19.50 on Friday. The company has a market cap of $15.80 billion, a price-to-earnings ratio of 12.42 and a beta of -0.02. Kirin has a twelve month low of $13.85 and a twelve month high of $19.95. The business has a 50 day moving average price of $17.57 and a two-hundred day moving average price of $16.74. The company has a quick ratio of 1.01, a current ratio of 1.44 and a debt-to-equity ratio of 0.51.

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.