Equities research analysts predict that Deere & Company (NYSE:DE) will post $6.40 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Deere & Company’s earnings, with estimates ranging from $6.05 billion to $6.63 billion. Deere & Company reported sales of $4.70 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 36.2%. The business is scheduled to report its next earnings results on Friday, February 16th.

According to Zacks, analysts expect that Deere & Company will report full year sales of $6.40 billion for the current financial year, with estimates ranging from $31.58 billion to $32.30 billion. For the next fiscal year, analysts anticipate that the company will post sales of $33.92 billion per share, with estimates ranging from $33.10 billion to $35.25 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Deere & Company.

Deere & Company (NYSE:DE) last issued its earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.47 by $0.10. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. The company had revenue of $7.09 billion during the quarter, compared to the consensus estimate of $6.91 billion. During the same period in the previous year, the company posted $0.90 EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year.

A number of research firms have commented on DE. Goldman Sachs Group upgraded Deere & Company from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target on the stock in a research report on Monday, August 7th. Zacks Investment Research raised Deere & Company from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a report on Thursday, November 2nd. Deutsche Bank raised Deere & Company from a “hold” rating to a “buy” rating and raised their price target for the stock from $149.00 to $167.00 in a report on Thursday, November 23rd. ValuEngine raised shares of Deere & Company from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Finally, BMO Capital Markets reissued a “buy” rating and issued a $150.00 price objective on shares of Deere & Company in a research report on Thursday, November 2nd. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twelve have assigned a buy rating to the company. Deere & Company has a consensus rating of “Hold” and an average price target of $140.33.

Deere & Company (NYSE DE) traded up $1.42 during trading hours on Friday, hitting $149.86. The stock had a trading volume of 3,726,400 shares, compared to its average volume of 2,407,675. The company has a current ratio of 2.12, a quick ratio of 1.95 and a debt-to-equity ratio of 2.71. Deere & Company has a 1 year low of $99.84 and a 1 year high of $150.75. The company has a market cap of $48,000.00, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.34 and a beta of 0.73.

In related news, CFO Rajesh Kalathur sold 4,519 shares of the firm’s stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the sale, the chief financial officer now directly owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pentz Markwart Von sold 22,095 shares of the firm’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $120.10, for a total transaction of $2,653,609.50. Following the completion of the sale, the insider now directly owns 51,626 shares in the company, valued at $6,200,282.60. The disclosure for this sale can be found here. Insiders sold a total of 189,766 shares of company stock valued at $25,367,448 in the last 90 days. Company insiders own 0.75% of the company’s stock.

A number of hedge funds have recently made changes to their positions in DE. Shelton Capital Management lifted its holdings in Deere & Company by 13.6% in the third quarter. Shelton Capital Management now owns 4,216 shares of the industrial products company’s stock worth $529,000 after purchasing an additional 504 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Deere & Company in the 3rd quarter valued at about $235,000. Public Employees Retirement System of Ohio lifted its holdings in Deere & Company by 0.7% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 246,966 shares of the industrial products company’s stock valued at $31,016,000 after acquiring an additional 1,698 shares during the last quarter. Americafirst Capital Management LLC lifted its holdings in Deere & Company by 118.2% in the 3rd quarter. Americafirst Capital Management LLC now owns 2,599 shares of the industrial products company’s stock valued at $326,000 after acquiring an additional 1,408 shares during the last quarter. Finally, IFM Investors Pty Ltd acquired a new stake in Deere & Company in the 3rd quarter valued at about $963,000. 67.75% of the stock is currently owned by hedge funds and other institutional investors.

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

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