|Bid||27.61 x 1000|
|Ask||27.63 x 800|
|Day's Range||27.60 - 27.81|
|52 Week Range||24.78 - 30.14|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.04|
|Expense Ratio (net)||0.39%|
Deere Announces Regular Quarterly DividendDeere announces regular quarterly dividendIn a press release today, Deere (DE) announced the key dates for the first quarter of 2019’s dividend. To be eligible for this dividend, investors must hold Deere
Deere's Q1 Earnings: What Can Investors Expect?(Continued from Prior Part)Deere’s revenues Deere (DE) is expected to report revenues of $6.82 billion in the first quarter from its equipment operations. The figure doesn’t include the revenues from
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Deere gets six AE50 awards On January 10, 2019, Deere (DE) announced that it had received six AE50 awards. The reward is presented by the American Society of Agricultural and Biological Engineers for innovative product-engineering designs in agriculture. It recognizes 50 innovative products chosen by international engineering experts. Deere received awards for the following products: * Command Pro joystick for 6R tractors * Bale mobile app * 2660VT, a variable-intensity tillage tool * Tracks * 700FD Hydraflex Draper * a machine performance app that’s part of the Generation 4 command center These kinds of innovations help Deere to launch new products and further help farmers to save time, costs, and labor. Joel Dawson, director of production and precision agriculture for Deere, said, “This year’s AE50 Awards reaffirms the innovative spirit of our employees and illustrates our company’s commitment to bringing those linked to the land the most useful, high-quality products possible. Around the globe, John Deere engineers work tirelessly to create exciting new products and technology to benefit our customers.” ## Deere’s stock price Deere stock remained positive for the week. The stock gained ~4.4% and closed at $158.28 for the week ending January 11. The gains resulted in Deere trading 7.3% above its 100-day moving average price of $147.45. So far in 2019, Deere has gained ~9.0%. Deere’s peers Caterpillar (CAT), AGCO (AGCO), and CNH Industrial (CNHI) have fallen 5.2%, 13.3%, and 7.4%, respectively. Deere’s 14-day relative strength index score of 60 indicates that the stock isn’t overbought or oversold. Investors could hold Deere indirectly through the iShares MSCI Global Agriculture Producers ETF (VEGI), which had 15.2% of its portfolio invested in Deere as of January 11, 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 3 - Cummins Announces CFO Change
Deere (DE) reported its earnings results for the fourth quarter of fiscal 2018 before the market opened on November 21. It reported adjusted EPS of $2.30, reflecting a rise of 46.5% YoY (year-over-year). In the fourth quarter of fiscal 2017, its adjusted EPS were $1.57.
Deere (DE) is expected to report Q4 revenues of $8.57 billion from its equipment operations. In the fourth quarter of fiscal 2017, Deere reported revenues of $7.09 billion from equipment operations. If Deere meets the revenue expectations, it would be the highest fourth-quarter revenues since the fourth quarter of fiscal 2013.
On November 7, John Deere (JD) announced that Pheasants Forever and Quail Forever will help improve wildlife habitats across the US. Deere also announced that it will provide discounts on purchases of select models of new equipment like compact utility tractors, riding mowers, rotary cutters, and other products to Pheasants Forever and Quail Forever.
On October 2, Deere (DE) announced senior leadership changes. The company’s senior management will undergo a planned retirement at the end of 2018. The changes will be effective on November 15.
On September 26, Deere (DE) announced that it completed the acquisition of PLA. Deere entered the definitive agreement to acquire PLA in July. Deere didn’t disclose the financial aspects of the takeover.
To be eligible for this dividend, investors must hold Deere stock as of September 28. Deere is expected to pay dividends on November 1. At the end of Deere’s fiscal Q3 2018, there were 328 million outstanding shares.
On September 18, Deere announced the launch of the new L-series II and Wheeled Feller Bunchers. The new series has a simplified design and provides a more reliable solution. The new series maintained the productivity from the original line-up including hydraulic speed, large grapples, and weight distribution.