Knorr-Bremse (KNRRY) Projected to Announce Earnings on Thursday

Knorr-Bremse (OTCMKTS:KNRRY) will likely be releasing 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 Stock Performance

Knorr-Bremse stock opened at $27.70 on Thursday. 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 $17.86 billion, a P/E ratio of 25.99, a price-to-earnings-growth ratio of 0.91 and a beta of 0.38. The stock has a fifty day moving average of $29.23 and a 200-day moving average of $29.44.

Analyst Upgrades and Downgrades

KNRRY has been the topic of a number of recent analyst reports. Zacks Research cut Knorr-Bremse from a “hold” rating to a “strong sell” rating in a research report on Wednesday, September 30th. Citigroup reissued 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 company. Based on data from MarketBeat.com, the stock currently has an average 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.