Knorr-Bremse (OTCMKTS:KNRRY) Issues Earnings Results, Hits Estimates

Knorr-Bremse (OTCMKTS:KNRRY) posted its quarterly earnings results on Thursday. The company reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31, Zacks reports. Knorr-Bremse had a return on equity of 19.26% and a net margin of 7.72%. The company had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.38 billion.

Knorr-Bremse Price Performance

Shares of OTCMKTS KNRRY traded up $0.21 during midday trading on Friday, reaching $25.15. 49,457 shares of the stock traded hands, compared to its average volume of 55,909. The stock has a market capitalization of $16.22 billion, a PE ratio of 22.66, a P/E/G ratio of 0.82 and a beta of 0.38. Knorr-Bremse has a one year low of $22.62 and a one year high of $33.96. The company’s 50 day moving average is $28.86 and its 200 day moving average is $29.49.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on KNRRY shares. Zacks Research downgraded shares of 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 analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company 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.