Deere & Company (DE) to Release Earnings on Friday

Deere & Company (NYSE:DE) is set to post its quarterly earnings results before the market opens on Friday, February 16th. Analysts expect Deere & Company to post earnings of $1.08 per share for the quarter.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Wednesday, November 22nd. The industrial products company reported $1.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.47 by $0.10. The company had revenue of $7.09 billion during the quarter, compared to analysts’ expectations of $6.91 billion. Deere & Company had a return on equity of 26.31% and a net margin of 7.22%. Deere & Company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.90 EPS. On average, analysts expect Deere & Company to post $8 EPS for the current fiscal year and $10 EPS for the next fiscal year.

Deere & Company (DE) opened at $153.66 on Friday. The firm has a market capitalization of $49,370.00, a PE ratio of 23.11, a PEG ratio of 2.42 and a beta of 0.75. The company has a quick ratio of 1.95, a current ratio of 2.12 and a debt-to-equity ratio of 2.71. Deere & Company has a 1-year low of $106.72 and a 1-year high of $171.96.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Friday, December 29th were paid a $0.60 dividend. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $2.40 annualized dividend and a yield of 1.56%. Deere & Company’s dividend payout ratio (DPR) is currently 36.09%.

In other news, insider James M. Field sold 48,427 shares of Deere & Company stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $147.98, for a total value of $7,166,227.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total transaction of $672,969.48. Following the completion of the sale, 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.

Several equities research analysts recently issued reports on the stock. ValuEngine upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Vetr upgraded shares of Deere & Company from a “buy” rating to a “strong-buy” rating and set a $177.25 target price for the company in a research note on Monday. Wells Fargo & Co reiterated an “outperform” rating and issued a $200.00 target price (up from $170.00) on shares of Deere & Company in a research note on Wednesday, January 10th. Royal Bank of Canada upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and cut their target price for the company from $190.00 to $155.00 in a research note on Wednesday, January 10th. Finally, Barclays upgraded shares of Deere & Company from a “sector perform” rating to an “outperform” rating and set a $171.00 target price for the company in a research note on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Deere & Company currently has an average rating of “Buy” and a consensus price target of $155.21.

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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.

Earnings History for Deere & Company (NYSE:DE)

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