Kirin (OTCMKTS:KNBWY) Announces Earnings Results

Kirin (OTCMKTS:KNBWY) issued its quarterly earnings results on Friday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.30 by $0.06, reports. Kirin had a net margin of 3.47% and a return on equity of 5.74%. The business had revenue of $4.44 billion for the quarter, compared to analysts’ expectations of $4.22 billion.

Kirin Stock Up 6.5%

Shares of OTCMKTS:KNBWY traded up $1.07 during trading on Friday, reaching $17.64. 7,057 shares of the stock were exchanged, compared to its average volume of 26,630. Kirin has a 1-year low of $12.80 and a 1-year high of $17.78. The stock has a fifty day moving average of $15.35 and a two-hundred day moving average of $14.91. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.35 and a quick ratio of 0.85. The firm has a market cap of $14.29 billion, a price-to-earnings ratio of 25.57 and a beta of -0.10.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Kirin from a “buy” rating to a “hold” rating in a research note 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.