Knorr-Bremse (OTCMKTS:KNRRY) Announces Quarterly Earnings Results, Meets Expectations

Knorr-Bremse (OTCMKTS:KNRRY) announced its quarterly earnings results on Thursday. The company reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31, Zacks reports. Knorr-Bremse had a return on equity of 18.30% and a net margin of 7.37%.

Knorr-Bremse Stock Performance

KNRRY stock traded down $1.64 during midday trading on Thursday, reaching $24.89. 20,147 shares of the company traded hands, compared to its average volume of 20,039. The business has a 50 day moving average of $29.01 and a 200-day moving average of $29.53. The firm has a market capitalization of $16.05 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 0.88 and a beta of 0.38. Knorr-Bremse has a 52-week low of $22.62 and a 52-week high of $33.96.

Wall Street Analyst Weigh In

KNRRY has been the topic of several analyst reports. Citigroup reissued a “buy” rating on shares of Knorr-Bremse in a research note on Tuesday, July 7th. Zacks Research downgraded shares of Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research note on Wednesday, September 30th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Knorr-Bremse

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.