Kirin (KNBWY) to Release Quarterly Earnings on Tuesday

Key Points

• Kirin will release quarterly earnings on Tuesday, May 12, with analysts forecasting $0.26 EPS and $3.634 billion in revenue for the quarter.
• In the prior quarter Kirin beat estimates (reported $0.36 EPS vs. a $0.30 consensus and revenue of $4.44 billion vs. $4.22 billion), and analysts expect about $1 EPS for both the current and next fiscal years.
• The stock traded near $15.88 with a market cap of about $12.87 billion and a P/E of 13.02, and was downgraded from "buy" to "hold" by Wall Street Zen on Feb. 10.

Kirin (OTCMKTS:KNBWY - Get Free Report) will likely be issuing its resultson Tuesday, May 12th. Analysts expect the company to announce earnings of $0.26 per share and revenue of $3.6340 billion for the quarter.

Kirin (OTCMKTS:KNBWY - Get Free Report) last announced its earnings results on Friday, February 13th. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.30 by $0.06. The firm had revenue of $4.44 billion for the quarter, compared to the consensus estimate of $4.22 billion. Kirin had a return on equity of 10.00% and a net margin of 6.06%. On average, analysts expect Kirin to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Kirin Price Performance

Shares of KNBWY stock traded down $0.02 during midday trading on Tuesday, reaching $15.88. 4,814 shares of the company were exchanged, compared to its average volume of 32,478. Kirin has a 12 month low of $13.15 and a 12 month high of $17.78. The company has a market cap of $12.87 billion, a P/E ratio of 13.02 and a beta of -0.04. The company's 50 day moving average price is $16.31 and its two-hundred day moving average price is $15.65. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.93 and a current ratio of 1.37.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen downgraded shares of Kirin from a "buy" rating to a "hold" rating in a research report on Tuesday, February 10th.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.