Kirin (OTCMKTS:KNBWY) Announces Earnings Results, Beats Expectations By $0.09 EPS

Kirin (OTCMKTS:KNBWY) posted its quarterly earnings data on Wednesday. The company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.27 by $0.09, Zacks reports. Kirin had a return on equity of 11.54% and a net margin of 7.58%. The company had revenue of $3.99 billion during the quarter, compared to analysts’ expectations of $4.04 billion.

Kirin Stock Up 2.1%

KNBWY opened at $19.11 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48. Kirin has a 1-year low of $14.66 and a 1-year high of $20.21. The company has a market capitalization of $15.48 billion, a PE ratio of 12.39 and a beta of 0.05. The firm’s 50 day simple moving average is $18.40 and its two-hundred day simple moving average is $17.39.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded Kirin from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Hold rating. Based on data from MarketBeat, the company presently has an average rating of “Hold”.

About Kirin

Kirin Holdings Company, Limited is a Japanese company with businesses in beverages, pharmaceuticals and health science. Its beverage operations include beer, wine, spirits, soft drinks and other nonalcoholic products, with brands sold in Japan and international markets. The company traces its roots to the Japan Brewery Company, established in 1885, and adopted the Kirin Brewery name in 1907. Today, its pharmaceutical business includes Kyowa Kirin, which develops and sells medicines, while its health science activities include products such as supplements and functional foods.