Kirin (OTCMKTS:KNBWY) Announces Earnings Results, Misses Expectations By $0.03 EPS

Kirin (OTCMKTS:KNBWY) released its quarterly earnings results on Thursday. The company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.03), Zacks reports. The company had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.63 billion. Kirin had a net margin of 6.06% and a return on equity of 10.00%.

Kirin Trading Down 0.6%

Shares of Kirin stock opened at $15.89 on Friday. The firm has a market cap of $12.87 billion, a PE ratio of 13.02 and a beta of -0.04. Kirin has a 1 year low of $13.15 and a 1 year high of $17.78. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.37 and a quick ratio of 0.93. The stock has a fifty day moving average price of $16.12 and a 200-day moving average price of $15.73.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered Kirin from a “buy” rating to a “hold” rating in a research report on Tuesday, February 10th.

About Kirin

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.