Knorr-Bremse (KNRRY) Set to Announce Quarterly Earnings on Thursday

Knorr-Bremse (OTCMKTS:KNRRY) is expected to be announcing its results after the market closes on Thursday, October 29th. Analysts expect the company to announce earnings of $0.31 per share and revenue of $2.38 billion for the quarter.

Knorr-Bremse Price Performance

KNRRY opened at $26.97 on Tuesday. Knorr-Bremse has a 12-month low of $22.62 and a 12-month high of $33.96. The stock has a market capitalization of $17.39 billion, a PE ratio of 25.27, a P/E/G ratio of 0.88 and a beta of 0.38. The firm’s fifty day moving average price is $29.08 and its 200 day moving average price is $29.55.

Analyst Ratings Changes

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