Deere & Company (DE) to Release Quarterly Earnings on Thursday

Deere & Company (NYSE:DEGet Free Report) is scheduled to issue its quarterly earnings data before the market opens on Thursday, February 15th. Analysts expect the company to announce earnings of $5.16 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Deere & Company (NYSE:DEGet Free Report) last announced its earnings results on Wednesday, November 22nd. The industrial products company reported $8.26 EPS for the quarter, beating analysts’ consensus estimates of $7.46 by $0.80. Deere & Company had a return on equity of 45.91% and a net margin of 16.60%. The firm had revenue of $13.80 billion for the quarter, compared to analysts’ expectations of $13.64 billion. During the same quarter in the prior year, the firm earned $7.44 EPS. Deere & Company’s quarterly revenue was down 3.8% on a year-over-year basis. On average, analysts expect Deere & Company to post $28 EPS for the current fiscal year and $28 EPS for the next fiscal year.

Deere & Company Trading Up 2.1 %

Shares of Deere & Company stock opened at $389.39 on Tuesday. Deere & Company has a fifty-two week low of $345.55 and a fifty-two week high of $450.00. The firm has a market cap of $109.13 billion, a PE ratio of 11.23, a P/E/G ratio of 1.11 and a beta of 1.05. The business’s fifty day moving average is $387.49 and its two-hundred day moving average is $390.37. The company has a quick ratio of 1.70, a current ratio of 1.90 and a debt-to-equity ratio of 1.77.

Deere & Company Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 8th. Shareholders of record on Friday, December 29th were paid a dividend of $1.47 per share. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date was Thursday, December 28th. This is a positive change from Deere & Company’s previous quarterly dividend of $1.35. Deere & Company’s dividend payout ratio is currently 16.96%.

Analyst Ratings Changes

Several brokerages recently weighed in on DE. TD Cowen cut their target price on Deere & Company from $438.00 to $396.00 and set a “market perform” rating on the stock in a research report on Friday, November 24th. Morgan Stanley began coverage on Deere & Company in a research report on Monday, January 8th. They issued an “overweight” rating and a $430.00 target price on the stock. Melius Research reaffirmed a “hold” rating on shares of Deere & Company in a research report on Monday, January 8th. JPMorgan Chase & Co. increased their target price on Deere & Company from $380.00 to $385.00 and gave the stock a “neutral” rating in a research report on Monday, December 4th. Finally, Canaccord Genuity Group lowered their target price on Deere & Company from $400.00 to $375.00 and set a “hold” rating for the company in a research note on Monday, November 27th. Ten equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $439.69.

Check Out Our Latest Stock Analysis on DE

Hedge Funds Weigh In On Deere & Company

A number of hedge funds have recently made changes to their positions in DE. Retirement Group LLC grew its position in shares of Deere & Company by 264.7% during the 2nd quarter. Retirement Group LLC now owns 62 shares of the industrial products company’s stock worth $25,000 after buying an additional 45 shares during the period. Worth Asset Management LLC acquired a new stake in shares of Deere & Company during the 1st quarter worth approximately $28,000. Milestone Investment Advisors LLC acquired a new stake in shares of Deere & Company during the 1st quarter worth approximately $40,000. Quarry LP acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $60,000. Finally, State of Wyoming acquired a new stake in shares of Deere & Company during the 2nd quarter worth approximately $80,000. Institutional investors and hedge funds own 66.27% of the company’s stock.

Deere & Company Company Profile

(Get Free Report)

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.

See Also

Earnings History for Deere & Company (NYSE:DE)

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