Kirin (OTCMKTS:KNBWY) Posts Earnings Results, Beats Estimates By $0.06 EPS

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

Kirin Trading Up 7.3%

OTCMKTS:KNBWY traded up $1.21 during midday trading on Friday, reaching $17.78. 19,894 shares of the stock traded hands, compared to its average volume of 25,317. The stock has a market capitalization of $14.40 billion, a P/E ratio of 25.77 and a beta of -0.10. Kirin has a 12 month low of $12.80 and a 12 month high of $17.78. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.85 and a current ratio of 1.35. The company has a fifty day moving average of $15.40 and a 200 day moving average of $14.94.

Wall Street Analyst Weigh In

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

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.