As of September 18, 2017, Deere’s one-year forward PE multiple stands at 16.80x, while Caterpillar’s (CAT) one year-forward PE multiple stands at 19.90x.
Deere’s dividend yield has fallen since 3Q15 due to the lack of dividend growth and considerable growth in its stock price.
For Deere, 33% of the analysts recommended the stock as a “buy,” 62% recommended the stock as a “hold,” and 5% recommended the stock as a “sell.”
Deere’s board has declared the regular quarterly dividend that will be paid on its outstanding shares. Deere will be paying a dividend of $0.60 per share.
Kansas City Southern’s (KSU) US subsidiary caters to ten US states in the Midwest and Southeast. It also runs a rail route between Kansas City, Missouri, and multiple ports along…
On September 15, 2017, Union Pacific (UNP) disclosed that it is redesigning its marketing and sales approach. The purpose was to better align with customers’ needs. The company said that…
A closer look at analysts’ opinions on the rail sector reveals a slight shift towards “hold” recommendations from “buy” for major US railroad (IYJ) stock. Their 12-month target prices fell…
In 2017, US railroads’ top lines have seen upward momentum for two consecutive quarters, led by higher volumes and pricing gains for some of the commodities they haul. This gain boosted…
Omaha-headquartered Union Pacific (UNP) operates in 23 states across the western United States. The company’s southern region is based in Houston, also a prominent freight rail hub for the railroad…
There have been varied estimates of the damages caused by Harvey, from $65.0 billion to as high as $190.0 billion. In this series, we’ll look at how Hurricanes Harvey and Irma affected Class I railroads.
ArcelorMittal is expected to post revenues of $16.2 billion in 3Q17 compared to $17.2 billion in 2Q17.
According to the consensus estimates compiled by Thomson Reuters, AK Steel is expected to post revenues of $1.53 billion in 3Q17 versus $1.56 billion in the sequential quarter.
According to estimates compiled by Thomson Reuters, U.S. Steel Corporation is expected to post revenues of $3.06 billion in 3Q17 versus $3.14 billion in the sequential quarter.
Despite the challenge of steel imports, Nucor’s (NUE) expected 3Q17 earnings and earnings for the first half of 2017 exceed its full-year profitability for the last eight years.
Nucor’s (NUE) 3Q17 earnings guidance wasn’t received well by the markets, and the stock saw selling pressure after it released its 3Q17 earnings guidance.
Nucor expects its 3Q17 earnings to fall on a yearly basis as well as a sequential basis.
As for the US steel industry, 2017 has been a tepid year for steel stocks (XME). After the meteoric rise last year, most US steel companies are trading with year-to-date losses this year.
Genesee & Wyoming saw its coal (ARLP) and coke railcars fall 63% in August 2017.
In August 2017, GWR posted a marginal fall of 1.6% in its North American shipments year-over-year.
In the week ended September 9, 2017, Canadian Pacific Railway saw its intermodal volumes rise 2.2%.