Wall Street brokerages expect Deere & Company (NYSE:DE) to report $6.40 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Deere & Company’s earnings. The lowest sales estimate is $6.05 billion and the highest is $6.63 billion. Deere & Company posted sales of $4.70 billion in the same quarter last year, which suggests a positive year over year growth rate of 36.2%. The firm is scheduled to announce its next quarterly earnings results before the market opens on Friday, February 16th.
On average, 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 year, analysts forecast that the firm will post sales of $33.96 billion per share, with estimates ranging from $33.10 billion to $35.25 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Deere & Company.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Wednesday, November 22nd. The industrial products company reported $1.57 EPS 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 analyst estimates of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company posted $0.90 earnings per share.
In other news, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction 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 completion of the transaction, the chief financial officer now owns 36,288 shares of the company’s stock, valued at $5,404,008.96. The disclosure for this sale can be found here. Over the last quarter, insiders sold 187,603 shares of company stock valued at $28,058,143. 0.74% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bartlett & Co. LLC grew its position in Deere & Company by 552.8% during the third quarter. Bartlett & Co. LLC now owns 105,048 shares of the industrial products company’s stock worth $13,193,000 after buying an additional 88,955 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in Deere & Company during the third quarter worth about $302,000. California Public Employees Retirement System grew its position in Deere & Company by 8.9% during the third quarter. California Public Employees Retirement System now owns 796,383 shares of the industrial products company’s stock worth $100,018,000 after buying an additional 65,031 shares in the last quarter. IFP Advisors Inc grew its position in Deere & Company by 7.7% during the third quarter. IFP Advisors Inc now owns 16,722 shares of the industrial products company’s stock worth $2,100,000 after buying an additional 1,197 shares in the last quarter. Finally, Parkwood LLC grew its position in Deere & Company by 22.2% during the third quarter. Parkwood LLC now owns 61,184 shares of the industrial products company’s stock worth $7,684,000 after buying an additional 11,128 shares in the last quarter. Institutional investors own 67.28% of the company’s stock.
Shares of Deere & Company (NYSE:DE) opened at $161.88 on Wednesday. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.12 and a quick ratio of 1.95. Deere & Company has a 52-week low of $106.72 and a 52-week high of $171.96. The stock has a market capitalization of $52,010.00, a price-to-earnings ratio of 24.34, a price-to-earnings-growth ratio of 2.47 and a beta of 0.75.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were given a $0.60 dividend. This represents a $2.40 annualized dividend and a dividend yield of 1.48%. The ex-dividend date was Thursday, December 28th. Deere & Company’s dividend payout ratio (DPR) is presently 36.09%.
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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