Kirin (KNBWY) Set to Release Earnings on Tuesday

Key Points

• Kirin is expected to report earnings after market close on Tuesday, November 10. Analysts forecast $0.2707 in EPS and $4.04 billion in revenue.
• In its previous quarter, Kirin earned $0.58 per share, beating estimates by $0.16, while revenue of $4.08 billion also exceeded expectations.
• Kirin shares recently traded at $18.62, near their 50-day average, and the stock carries a consensus Hold rating after Zacks upgraded it from “Strong Sell.”

Kirin (OTCMKTS:KNBWY - Get Free Report) is anticipated to issue its results after the market closes on Tuesday, November 10th. Analysts expect Kirin to announce earnings of $0.2707 per share and revenue of $4.04 billion for the quarter.

Kirin (OTCMKTS:KNBWY - Get Free Report) last issued its quarterly earnings data on Friday, August 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.16. Kirin had a net margin of 7.79% and a return on equity of 12.22%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.87 billion. On average, analysts expect Kirin to post $1.32 EPS for the current fiscal year and $1.40 EPS for the next fiscal year.

Kirin Stock Performance

Shares of OTCMKTS:KNBWY traded down $0.20 during trading hours on Tuesday, hitting $18.62. The stock had a trading volume of 3,470 shares, compared to its average volume of 28,694. The stock's fifty day simple moving average is $18.42 and its 200 day simple moving average is $17.24. The firm has a market capitalization of $15.09 billion, a price-to-earnings ratio of 11.86 and a beta of 0.01. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.02 and a current ratio of 1.48. Kirin has a 1-year low of $14.16 and a 1-year high of $19.99.

Analysts Set New Price Targets

Separately, Zacks Research upgraded 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 MarketBeat, the stock has a consensus rating of "Hold".

Kirin Company Profile

Kirin Holdings Company, Limited is a Japan-based consumer products group best known for its beer, alcoholic beverages, soft drinks and health science businesses. The company operates primarily through its beverage operations, which produce and market beer, ready-to-drink alcoholic beverages, wine, nonalcoholic drinks, tea and functional beverages.

Kirin's portfolio includes established Japanese brands such as Kirin Ichiban Shibori beer, Kirin Lager, Hyoketsu ready-to-drink beverages, Afternoon Tea and Gogo no Kocha tea.

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