Analysts expect Deere & Company (NYSE:DE) to announce $1.09 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Deere & Company’s earnings. The highest EPS estimate is $1.31 and the lowest is $0.88. Deere & Company posted earnings of $0.61 per share in the same quarter last year, which suggests a positive year over year growth rate of 78.7%. The firm is expected to issue its next earnings report on Friday, February 16th.
According to Zacks, analysts expect that Deere & Company will report full-year earnings of $7.94 per share for the current year, with EPS estimates ranging from $6.60 to $8.35. For the next financial year, analysts expect that the company will report earnings of $9.52 per share, with EPS estimates ranging from $9.02 to $10.20. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Deere & Company.
Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.47 by $0.10. The business had revenue of $7.09 billion for the quarter, compared to the consensus estimate of $6.91 billion. Deere & Company had a net margin of 7.22% and a return on equity of 26.31%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.90 earnings per share.
DE has been the topic of a number of recent analyst reports. BMO Capital Markets restated a “buy” rating and set a $150.00 target price on shares of Deere & Company in a report on Thursday, November 2nd. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $140.00 price objective on shares of Deere & Company in a report on Thursday, October 12th. Wells Fargo & Company reiterated a “buy” rating and issued a $170.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Finally, Stifel Nicolaus set a $135.00 price objective on shares of Deere & Company and gave the company a “buy” rating in a report on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and thirteen have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $143.68.
Shares of Deere & Company (NYSE:DE) traded up $0.44 on Friday, reaching $154.48. 1,841,100 shares of the company were exchanged, compared to its average volume of 2,370,769. The firm has a market capitalization of $49,692.53, a P/E ratio of 23.20, a price-to-earnings-growth ratio of 2.37 and a beta of 0.77. Deere & Company has a fifty-two week low of $102.28 and a fifty-two week high of $154.98. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.95 and a current ratio of 2.12.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Friday, December 29th will be paid a $0.60 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.55%. Deere & Company’s dividend payout ratio (DPR) is presently 36.14%.
In related news, insider John C. May II sold 22,095 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the completion of the sale, the insider now owns 51,429 shares of the company’s stock, valued at $6,533,540.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Cory J. Reed sold 6,416 shares of the company’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $151.54, for a total transaction of $972,280.64. Following the sale, the insider now directly owns 11,383 shares of the company’s stock, valued at approximately $1,724,979.82. The disclosure for this sale can be found here. Insiders sold 224,642 shares of company stock worth $31,335,834 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. QCI Asset Management Inc. NY lifted its holdings in shares of Deere & Company by 18.8% in the second quarter. QCI Asset Management Inc. NY now owns 950 shares of the industrial products company’s stock worth $117,000 after acquiring an additional 150 shares during the last quarter. Arrow Financial Corp lifted its holdings in shares of Deere & Company by 5.2% in the second quarter. Arrow Financial Corp now owns 1,010 shares of the industrial products company’s stock worth $125,000 after acquiring an additional 50 shares during the last quarter. Wealthcare Advisory Partners LLC bought a new position in shares of Deere & Company in the third quarter worth about $144,000. Harfst & Associates Inc. lifted its holdings in shares of Deere & Company by 44.2% in the second quarter. Harfst & Associates Inc. now owns 1,175 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 360 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC lifted its holdings in shares of Deere & Company by 1.1% in the second quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 13 shares during the last quarter. 67.63% of the stock is owned by institutional investors and hedge funds.
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Deere & Company Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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