Deer Consumer Products (DEER) Tops Q4 EPS Views; Guides FY11 Below; Declares $0.05 Qtr. Dividend; 1.8% Yield; Exploring Strategic Alternatives
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Deer Consumer Products (NASDAQ: DEER) reported Q4 EPS of $0.90, $0.60 better than the analyst estimate of $0.30.
From time to time, Deer is engaged in strategic and synergistic discussions with global companies in our industry that wish to enter the high margin China domestic markets through Deer's expanding production and distribution network in China. Deer remains open to all strategic options that would potentially lead to maximizing our shareholders' value.
Sees FY11 EPS of $1.08 - $1.12 and revs of $200 - $220 million, versus the consensus EPS of $1.15 and revs of $226.01 million.
The Board of Directors has adopted a resolution to pay a quarterly cash dividend from future earnings of $0.05 per share, $0.20 annualized.
The dividend will be paid on April 14, 2011, to shareholders of record at the close of business on March 31, 2011. The ex-dividend date is March 29, 2011.
Yield on the dividend is 1.8%.
From time to time, Deer is engaged in strategic and synergistic discussions with global companies in our industry that wish to enter the high margin China domestic markets through Deer's expanding production and distribution network in China. Deer remains open to all strategic options that would potentially lead to maximizing our shareholders' value.
Sees FY11 EPS of $1.08 - $1.12 and revs of $200 - $220 million, versus the consensus EPS of $1.15 and revs of $226.01 million.
The Board of Directors has adopted a resolution to pay a quarterly cash dividend from future earnings of $0.05 per share, $0.20 annualized.
The dividend will be paid on April 14, 2011, to shareholders of record at the close of business on March 31, 2011. The ex-dividend date is March 29, 2011.
Yield on the dividend is 1.8%.
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