Wall Street brokerages expect Deere & Company (NYSE:DE) to report $1.88 earnings per share for the current quarter, Zacks reports. Five analysts have issued estimates for Deere &’s earnings, with estimates ranging from $1.68 to $2.05. Deere & reported earnings per share of $1.55 during the same quarter last year, which would indicate a positive year over year growth rate of 21.3%. The company is scheduled to report its next quarterly earnings report before the market opens on Friday, August 18th.

According to Zacks, analysts expect that Deere & will report full year earnings of $6.32 per share for the current financial year, with EPS estimates ranging from $5.95 to $6.70. For the next year, analysts anticipate that the business will report earnings of $6.84 per share, with EPS estimates ranging from $5.68 to $7.50. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Deere &.

Deere & (NYSE:DE) last released its quarterly earnings data on Friday, May 19th. The industrial products company reported $2.49 EPS for the quarter, topping analysts’ consensus estimates of $1.70 by $0.79. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The firm had revenue of $7.26 billion for the quarter, compared to the consensus estimate of $7.27 billion. During the same quarter in the prior year, the company posted $1.56 earnings per share. The firm’s revenue was up 2.2% on a year-over-year basis.

Several research firms have commented on DE. Credit Suisse Group set a $132.00 target price on Deere & and gave the company a “buy” rating in a research note on Saturday, May 20th. BidaskClub cut Deere & from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Barclays PLC restated a “sell” rating and issued a $82.00 target price (up previously from $80.00) on shares of Deere & in a research note on Tuesday, April 18th. Stifel Nicolaus boosted their target price on Deere & from $126.00 to $135.00 and gave the company a “buy” rating in a research note on Monday, May 22nd. Finally, J P Morgan Chase & Co upgraded Deere & from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $103.00 to $122.00 in a research note on Friday, June 2nd. Three research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and thirteen have given a buy rating to the stock. Deere & has an average rating of “Hold” and an average price target of $122.60.

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In other Deere & news, insider Cory J. Reed sold 4,936 shares of the stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $128.00, for a total value of $631,808.00. Following the transaction, the insider now owns 9,903 shares in the company, valued at $1,267,584. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Cory J. Reed sold 5,840 shares of the stock in a transaction that occurred on Friday, May 19th. The stock was sold at an average price of $119.59, for a total value of $698,405.60. Following the completion of the transaction, the insider now owns 10,807 shares in the company, valued at approximately $1,292,409.13. The disclosure for this sale can be found here. In the last three months, insiders sold 117,973 shares of company stock valued at $14,754,717. Insiders own 0.75% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Private Trust Co. NA purchased a new position in shares of Deere & during the first quarter valued at about $209,000. TNB Financial purchased a new position in shares of Deere & during the first quarter valued at about $291,000. Capstone Asset Management Co. raised its position in shares of Deere & by 53.2% in the first quarter. Capstone Asset Management Co. now owns 38,143 shares of the industrial products company’s stock valued at $4,152,000 after buying an additional 13,250 shares during the last quarter. CrestPoint Capital Management LLC purchased a new position in shares of Deere & during the first quarter valued at about $359,000. Finally, Stillwater Investment Management LLC raised its position in shares of Deere & by 0.5% in the first quarter. Stillwater Investment Management LLC now owns 15,900 shares of the industrial products company’s stock valued at $1,731,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.

Deere & (NYSE DE) traded up 1.13% during trading on Tuesday, reaching $131.43. The company had a trading volume of 872,572 shares. Deere & has a 52-week low of $76.73 and a 52-week high of $131.88. The company has a market capitalization of $42.04 billion, a PE ratio of 23.66 and a beta of 0.67. The company has a 50 day moving average price of $125.86 and a 200 day moving average price of $115.48. Deere & also was the recipient of some unusual options trading on Monday. Stock traders bought 731 call options on the stock. This represents an increase of approximately 255% compared to the average volume of 206 call options.

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Friday, June 30th were issued a $0.60 dividend. The ex-dividend date was Wednesday, June 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.85%. Deere &’s payout ratio is presently 43.24%.

Deere & 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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Earnings History and Estimates for Deere & (NYSE:DE)

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