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

Kirin (OTCMKTS:KNBWY) issued its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.09, Zacks reports. Kirin had a net margin of 7.79% and a return on equity of 12.22%.

Kirin Price Performance

KNBWY traded down $0.51 on Wednesday, hitting $18.79. 31,264 shares of the company’s stock were exchanged, compared to its average volume of 28,602. Kirin has a fifty-two week low of $14.66 and a fifty-two week high of $20.21. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 11.97 and a beta of 0.05. The firm has a 50-day moving average price of $18.40 and a 200-day moving average price of $17.36. The company has a current ratio of 1.48, a quick ratio of 1.02 and a debt-to-equity ratio of 0.48.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Kirin from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 29th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, Kirin currently has a consensus 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.