Deere & Company (NYSE:DE – Get Free Report) issued its quarterly earnings data on Thursday. The industrial products company reported $6.29 earnings per share for the quarter, beating analysts’ consensus estimates of $5.63 by $0.66, RTT News reports. The firm had revenue of $11.39 billion during the quarter, compared to analyst estimates of $10.94 billion. Deere & Company had a return on equity of 42.26% and a net margin of 16.15%. The business’s quarterly revenue was down 20.3% compared to the same quarter last year. During the same quarter last year, the business posted $10.20 earnings per share.
Deere & Company Price Performance
NYSE:DE opened at $377.92 on Friday. Deere & Company has a 52 week low of $340.20 and a 52 week high of $425.42. The stock’s fifty day moving average is $367.47 and its two-hundred day moving average is $380.45. The company has a market capitalization of $104.14 billion, a P/E ratio of 11.38, a P/E/G ratio of 1.59 and a beta of 0.93. The company has a quick ratio of 1.80, a current ratio of 2.01 and a debt-to-equity ratio of 1.81.
Deere & Company Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, August 8th. Stockholders of record on Friday, June 28th were given a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Friday, June 28th. Deere & Company’s payout ratio is presently 17.70%.
Analyst Ratings Changes
View Our Latest Research Report on Deere & Company
Insider Activity at Deere & Company
In other news, insider Cory J. Reed sold 13,370 shares of the company’s stock in a transaction that occurred on Monday, June 24th. The shares were sold at an average price of $377.63, for a total value of $5,048,913.10. Following the transaction, the insider now directly owns 41,642 shares in the company, valued at approximately $15,725,268.46. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.26% of the stock is owned by insiders.
Deere & Company Company Profile
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.
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