Deere & Company (DE) Announces Quarterly Dividend of $0.51
Deere & Company (NYSE:DE) declared a quarterly dividend on Wednesday, February 26th, American Banking & Market News reports. Investors of record on Monday, March 31st will be given a dividend of 0.51 per share on Thursday, May 1st. This represents a $2.04 dividend on an annualized basis and a yield of 2.43%.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank initiated coverage on shares of Deere & Company in a research note on Thursday, February 20th. They set a “buy” rating and a $110.00 price target on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Deere & Company in a research note on Thursday, February 13th. They now have a $91.00 price target on the stock. Finally, analysts at UBS AG raised their price target on shares of Deere & Company to $75.00 in a research note on Thursday, February 13th. They now have a “sell” rating on the stock. Seven research analysts have rated the stock with a sell rating, twelve have given a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $89.87.
Shares of Deere & Company (NYSE:DE) traded up 0.35% on Wednesday, hitting $84.34. The stock had a trading volume of 836,407 shares. Deere & Company has a 52 week low of $79.50 and a 52 week high of $93.88. The stock has a 50-day moving average of $87.06 and a 200-day moving average of $85.10. The company has a market cap of $31.180 billion and a P/E ratio of 9.06.
Deere & Company (NYSE:DE) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $1.81 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.52 by $0.29. The company had revenue of $7.65 billion for the quarter, compared to the consensus estimate of $6.62 billion. During the same quarter in the prior year, the company posted $1.65 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts predict that Deere & Company will post $8.43 earnings per share for the current fiscal year.
Deere & Company (NYSE:DE) along with its subsidiaries, operates in three segments: agriculture and turf, construction and forestry and financial services.
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