Knorr-Bremse (OTCMKTS:KNRRY) Announces Earnings Results

Knorr-Bremse (OTCMKTS:KNRRY) issued its earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31, Zacks reports. Knorr-Bremse had a return on equity of 18.30% and a net margin of 7.37%. The business had revenue of $2.28 billion during the quarter, compared to analysts’ expectations of $2.38 billion.

Knorr-Bremse Price Performance

OTCMKTS:KNRRY traded down $0.41 during trading hours on Friday, hitting $24.53. 17,200 shares of the company were exchanged, compared to its average volume of 20,044. The company’s 50 day moving average price is $28.93 and its 200-day moving average price is $29.51. Knorr-Bremse has a 52-week low of $22.62 and a 52-week high of $33.96. The stock has a market capitalization of $15.82 billion, a price-to-earnings ratio of 23.14, a PEG ratio of 0.87 and a beta of 0.38.

Analyst Ratings Changes

Several research firms recently weighed in on KNRRY. Zacks Research downgraded Knorr-Bremse from a “hold” rating to a “strong sell” rating in a report on Wednesday, September 30th. Citigroup reiterated a “buy” rating on shares of Knorr-Bremse in a report on Tuesday, July 7th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Knorr-Bremse Company Profile

Knorr-Bremse AG is a Germany-based manufacturer of braking and other safety-critical systems for rail vehicles and commercial vehicles. The company supplies equipment to original equipment manufacturers and operators, with products designed to support vehicle control, safety, efficiency and passenger or driver comfort.

Its rail vehicle business offers braking systems, doors, entrance systems, climate-control equipment, automatic couplers, digital solutions and other components for trains, metros, trams and locomotives.