Deere & Company (DE, Financial) experienced a notable stock movement, with prices rapidly increasing by 1.59%. The stock is currently trading at $400.33 per share, with a trading volume of 532,513 shares and a turnover rate of 0.19%. The price fluctuation stands at 1.72%.
Recent financial results show Deere achieving a revenue of $13.155 billion, a net profit of $1.734 billion, and an earnings per share (EPS) of $6.32. The company reported a gross profit of $5.271 billion and has a price-to-earnings (P/E) ratio of 13.64.
In terms of analyst ratings, of the 25 institutions covering the stock, 48% recommend buying, 44% suggest holding, and 8% advise selling.
Within the industrial distribution sector, where Deere operates, overall growth is 0.87%. Among related stocks, Xos Inc, The Lion Electric Company, and Nikola Corporation showed significant gains, while Agrify Corporation, Nikola, and Blue Bird Corporation were particularly active, with notable turnover rates and price amplitudes.
Deere is a leading global manufacturer of agricultural equipment, known for producing some of the most recognized machinery in the heavy equipment industry. The company operates through four main segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and John Deere Capital. Products are distributed through an extensive dealer network, including over 2,000 North American and approximately 3,700 global locations. John Deere Capital supports product sales by offering wholesale financing to dealers and retail financing to customers.
