Equities analysts expect that Deere & Company (NYSE:DE) will post $9.80 billion in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Deere & Company’s earnings. The lowest sales estimate is $9.41 billion and the highest is $10.12 billion. Deere & Company posted sales of $7.26 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 35%. The business is expected to report its next earnings results on Friday, May 18th.
On average, analysts expect that Deere & Company will report full-year sales of $9.80 billion for the current year, with estimates ranging from $33.19 billion to $33.51 billion. For the next financial year, analysts forecast that the business will report sales of $35.75 billion per share, with estimates ranging from $35.04 billion to $36.26 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Deere & Company.
Deere & Company (NYSE:DE) last issued its earnings results on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.15. The business had revenue of $5.97 billion during the quarter, compared to analysts’ expectations of $6.41 billion. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. Deere & Company’s revenue was up 27.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.61 earnings per share.
DE has been the subject of several recent research reports. Deutsche Bank increased their price objective on Deere & Company from $129.00 to $149.00 and gave the stock a “hold” rating in a report on Thursday, November 16th. Robert W. Baird upgraded Deere & Company from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $140.00 to $155.00 in a report on Tuesday, November 21st. Royal Bank of Canada reiterated a “sector perform” rating and set a $155.00 price objective (up from $134.00) on shares of Deere & Company in a report on Wednesday, November 22nd. Wells Fargo & Co reiterated a “buy” rating and set a $170.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Finally, Jefferies Group reiterated a “hold” rating and set a $150.00 price objective on shares of Deere & Company in a report on Thursday, November 23rd. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and fifteen have issued a buy rating to the stock. Deere & Company has an average rating of “Buy” and an average target price of $172.07.
Shares of Deere & Company (NYSE DE) traded up $3.12 during trading hours on Tuesday, hitting $162.72. The company had a trading volume of 1,130,986 shares, compared to its average volume of 2,523,471. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85. Deere & Company has a twelve month low of $106.93 and a twelve month high of $175.26. The stock has a market capitalization of $51,590.00, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.05 and a beta of 0.76.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be issued a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 annualized dividend and a yield of 1.47%. Deere & Company’s dividend payout ratio (DPR) is currently 32.61%.
In other news, CEO Samuel R. Allen sold 269,353 shares of Deere & Company stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $163.83, for a total value of $44,128,101.99. Following the transaction, the chief executive officer now directly owns 361,166 shares in the company, valued at $59,169,825.78. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Mary K.W. Jones sold 20,086 shares of Deere & Company stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $172.25, for a total value of $3,459,813.50. Following the completion of the transaction, the vice president now owns 62,299 shares in the company, valued at $10,731,002.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 380,397 shares of company stock worth $62,811,005. Corporate insiders own 0.74% of the company’s stock.
Several institutional investors have recently bought and sold shares of DE. Daiwa Securities Group Inc. increased its stake in shares of Deere & Company by 8.7% in the third quarter. Daiwa Securities Group Inc. now owns 8,318 shares of the industrial products company’s stock worth $1,045,000 after purchasing an additional 668 shares during the period. Retirement Systems of Alabama increased its stake in shares of Deere & Company by 8.8% in the third quarter. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company’s stock worth $19,489,000 after purchasing an additional 12,503 shares during the period. AllSquare Wealth Management LLC bought a new position in shares of Deere & Company in the third quarter worth about $171,000. Toronto Dominion Bank increased its stake in shares of Deere & Company by 19.5% in the third quarter. Toronto Dominion Bank now owns 121,749 shares of the industrial products company’s stock worth $15,289,000 after purchasing an additional 19,852 shares during the period. Finally, Rhumbline Advisers increased its stake in shares of Deere & Company by 5.5% in the third quarter. Rhumbline Advisers now owns 570,766 shares of the industrial products company’s stock worth $71,683,000 after purchasing an additional 29,971 shares during the period. Institutional investors and hedge funds own 67.37% of the company’s stock.
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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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