Knorr-Bremse (OTCMKTS:KNRRY – Get Free Report) announced its quarterly earnings results on Thursday. The company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.01), Zacks reports. The business had revenue of $2.28 billion during the quarter, compared to the consensus estimate of $2.30 billion.
Knorr-Bremse Stock Performance
OTCMKTS KNRRY traded up $0.37 during trading hours on Friday, hitting $30.34. 7,765 shares of the company traded hands, compared to its average volume of 10,589. The business’s 50-day moving average is $29.64 and its 200-day moving average is $28.14. Knorr-Bremse has a twelve month low of $22.62 and a twelve month high of $33.96.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on KNRRY. Zacks Research downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, February 3rd. DZ Bank downgraded Knorr-Bremse from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 27th. Citigroup reiterated a “neutral” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. UBS Group reiterated a “buy” rating on shares of Knorr-Bremse in a report on Monday, February 23rd. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Knorr-Bremse in a report on Wednesday, February 25th. Four equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Knorr-Bremse currently has an average rating of “Hold”.
Knorr-Bremse Company Profile
Knorr-Bremse AG is a Munich-based engineering company that specializes in braking systems and other critical subsystems for rail and commercial vehicles. Founded in 1905 by Georg Knorr, the firm has grown into a global leader in rail technology and commercial vehicle solutions. Its expertise spans safety-related systems designed to optimize performance, energy efficiency, and passenger comfort across a broad range of transport applications.
The company’s operations are organized into two primary business segments: Railway Systems and Commercial Vehicle Systems.
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