Deere & Company (DE, Financial) experienced significant stock movement, dropping 2.48%. The stock is currently priced at $399.21 per share, with 601,225 shares traded, translating to a turnover rate of 0.22% and a price fluctuation of 2.26%.
Recent financial reports indicate that Deere & Company achieved a revenue of $13.155 billion, with a net income of $1.734 billion. The earnings per share stand at $6.32, and the gross profit amounts to $5.271 billion, resulting in a price-to-earnings ratio of 13.7.
In terms of ratings, 48% of the 25 analysts covering the stock recommend buying, 44% suggest holding, and 8% advise selling. The industrial distribution sector, where Deere & Company operates, reflected a broader decline of 0.37%.
Among its peers, Agrify Corporation, Rev Group, Inc., and Astec Industries saw notable gains, while Agrify Corporation, Nikola, and Blue Bird Corporation were actively traded, with turnover rates of 6.86%, 6.84%, and 1.45%, respectively. Stocks with significant price swings included Xos Inc C/Wts (To Pur Com), Agrify Corporation, and Nikola, with volatility rates of 19.82%, 13.27%, and 6.71%.
Deere & Company is a leading manufacturer of agricultural equipment, known for its heavy machinery. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and John Deere Capital. Its products are available through an extensive dealer network comprising over 2,000 locations in North America and approximately 3,700 globally. John Deere Capital supports sales through wholesale dealer financing and machinery retail financing for customers.
