Analysts expect that Deere & Company (NYSE:DE) will report $9.80 billion in sales for the current quarter, according to Zacks Investment Research. Five analysts have issued 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 would indicate a positive year over year growth rate of 35%. The firm is scheduled to issue 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 fiscal year, with estimates ranging from $33.19 billion to $33.51 billion. For the next fiscal year, analysts expect that the firm will post sales of $35.75 billion per share, with estimates ranging from $35.04 billion to $36.26 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Deere & Company.
Deere & Company (NYSE:DE) last released its quarterly earnings data on Friday, February 16th. The industrial products company reported $1.31 EPS for the quarter, topping the consensus estimate of $1.16 by $0.15. Deere & Company had a net margin of 4.57% and a return on equity of 27.18%. The business had revenue of $5.97 billion for the quarter, compared to analyst estimates of $6.41 billion. During the same period in the previous year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 27.2% compared to the same quarter last year.
In other news, 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 transaction of $3,459,813.50. Following the completion of the sale, the vice president now directly owns 62,299 shares in the company, valued at approximately $10,731,002.75. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Cory J. Reed sold 6,416 shares of Deere & Company stock in a transaction dated Wednesday, December 13th. The shares were sold at an average price of $151.54, for a total value of $972,280.64. Following the sale, the insider now owns 11,383 shares of the company’s stock, valued at $1,724,979.82. The disclosure for this sale can be found here. Insiders have sold a total of 386,813 shares of company stock valued at $63,783,286 over the last 90 days. Corporate insiders own 0.74% of the company’s stock.
Several institutional investors have recently made changes to their positions in DE. Daiwa Securities Group Inc. raised its stake in shares of Deere & Company by 8.7% in the 3rd quarter. Daiwa Securities Group Inc. now owns 8,318 shares of the industrial products company’s stock valued at $1,045,000 after acquiring an additional 668 shares in the last quarter. Retirement Systems of Alabama raised its stake in shares of Deere & Company by 8.8% in the 3rd quarter. Retirement Systems of Alabama now owns 155,183 shares of the industrial products company’s stock valued at $19,489,000 after acquiring an additional 12,503 shares in the last quarter. AllSquare Wealth Management LLC bought a new position in shares of Deere & Company in the 3rd quarter valued at approximately $171,000. Toronto Dominion Bank raised its stake in shares of Deere & Company by 19.5% in the 3rd quarter. Toronto Dominion Bank now owns 121,749 shares of the industrial products company’s stock valued at $15,289,000 after acquiring an additional 19,852 shares in the last quarter. Finally, Rhumbline Advisers raised its stake in shares of Deere & Company by 5.5% in the 3rd quarter. Rhumbline Advisers now owns 570,766 shares of the industrial products company’s stock valued at $71,683,000 after acquiring an additional 29,971 shares in the last quarter. Institutional investors and hedge funds own 67.37% of the company’s stock.
Deere & Company (NYSE DE) opened at $164.03 on Tuesday. The firm has a market cap of $53,020.00, a PE ratio of 22.29, a PEG ratio of 2.15 and a beta of 0.76. Deere & Company has a 1-year low of $106.93 and a 1-year high of $175.26. The company has a current ratio of 1.98, a quick ratio of 1.69 and a debt-to-equity ratio of 2.85.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Thursday, March 29th will be given a dividend of $0.60 per share. The ex-dividend date is Wednesday, March 28th. This represents a $2.40 dividend on an annualized basis and a yield of 1.46%. Deere & Company’s payout ratio is presently 32.61%.
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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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