With 0.87 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.21 million shares. During the session, the Farm & Heavy Construction Machinery company that operates in wider Industrials sector, reached to the highest price of $447.63 whereas the lowest price it dropped to was $438.46. The 52-week range on DE shows that it touched its highest point at $469.39 and its lowest point at $340.20 during that stretch. It currently has a 1-year price target of $471.70. With its current market cap of 120.24 billion, DE has annualized dividend of $5.88 while the current yield stands at 1.34%. Beta for the stock currently stands at 0.97.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DE was down-trending over the past week, with a drop of -1.93%, but this was up by 11.61% over a month. Three-month performance surged to 11.35% while six-month performance rose 16.28%. The stock gained 22.28% in the past year, while it has gained 9.91% so far this year. A look at the trailing 12-month EPS for DE yields 25.60 with Next year EPS estimates of 22.45. For the next quarter, that number is 3.14. This implies an EPS growth rate of -23.66% for this year and 14.77% for next year. EPS is expected to grow by 8.07% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.35%.
Float and Shares Shorts:
At present, 273.60 million DE shares are outstanding with a float of 253.38 million shares on hand for trading. On 2024-10-31, short shares totaled 5.37 million, which was 196.0 higher than short shares on 1727654400. In addition to Mr. John C. May II as the firm’s Chairman, President & CEO, Mr. Joshua A. Jepsen serves as its Senior VP & CFO.
Institutional Ownership:
Through their ownership of 0.80289 of DE’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-28, DE reported revenue of $12848000000.0 and operating income of $2891000000.0. The EBITDA in the recently reported quarter was $3748000000.0 and diluted EPS was $6.29.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DE since 18 analysts follow the stock currently. There are 12 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With DE analysts setting a high price target of 538.0 and a low target of 341.21, the average target price over the next 12 months is 460.47592. Based on these targets, DE could surge 22.42% to reach the target high and fall by -22.36% to reach the target low. Reaching the average price target will result in a growth of 4.78% from current levels.
Analysts have provided yearly estimates in a range of $25.26724 being high and $24.27852 being low. For DE, this leads to a yearly average estimate of $24.96763. Based on analyst estimates, the high estimate for the next quarter is $6.55 and the low estimate is $4.7. The average estimate for the next quarter is thus $5.85.
