Wall Street analysts forecast that Deere & Company (NYSE:DE – Get Rating) will post earnings per share (EPS) of $6.65 for the current quarter, according to Zacks Investment Research. Six analysts have provided estimates for Deere & Company’s earnings, with the highest EPS estimate coming in at $7.26 and the lowest estimate coming in at $6.20. Deere & Company posted earnings of $5.68 per share during the same quarter last year, which would indicate a positive year over year growth rate of 17.1%. The business is scheduled to issue its next quarterly earnings results before the market opens on Monday, January 1st.
According to Zacks, analysts expect that Deere & Company will report full-year earnings of $22.69 per share for the current fiscal year, with EPS estimates ranging from $22.09 to $23.00. For the next year, analysts expect that the business will post earnings of $26.82 per share, with EPS estimates ranging from $24.37 to $29.15. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Deere & Company.
Deere & Company (NYSE:DE – Get Rating) last released its quarterly earnings results on Friday, February 18th. The industrial products company reported $2.92 EPS for the quarter, topping analysts’ consensus estimates of $2.28 by $0.64. Deere & Company had a return on equity of 33.65% and a net margin of 12.69%. The business had revenue of $8.53 billion for the quarter, compared to analyst estimates of $8.28 billion. During the same period in the prior year, the company earned $3.87 EPS. Deere & Company’s revenue for the quarter was up 6.0% on a year-over-year basis.
Shares of DE stock traded down $5.58 during trading hours on Friday, reaching $377.46. The company had a trading volume of 1,516,137 shares, compared to its average volume of 1,596,705. Deere & Company has a one year low of $320.50 and a one year high of $446.76. The firm has a market cap of $115.80 billion, a PE ratio of 20.92, a price-to-earnings-growth ratio of 1.29 and a beta of 1.02. The company has a debt-to-equity ratio of 1.84, a quick ratio of 1.94 and a current ratio of 2.25. The business has a fifty day moving average price of $404.34 and a 200-day moving average price of $375.97.
The company also recently announced a quarterly dividend, which will be paid on Monday, May 9th. Stockholders of record on Thursday, March 31st will be issued a $1.05 dividend. The ex-dividend date of this dividend is Wednesday, March 30th. This represents a $4.20 annualized dividend and a dividend yield of 1.11%. Deere & Company’s dividend payout ratio (DPR) is presently 23.28%.
In other Deere & Company news, insider Pentz Markwart Von sold 18,364 shares of the business’s stock in a transaction dated Monday, March 14th. The shares were sold at an average price of $393.00, for a total value of $7,217,052.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Rajesh Kalathur sold 32,391 shares of the business’s stock in a transaction dated Monday, March 7th. The shares were sold at an average price of $400.00, for a total transaction of $12,956,400.00. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
Several large investors have recently bought and sold shares of DE. Morgan Stanley raised its holdings in shares of Deere & Company by 5.7% in the 2nd quarter. Morgan Stanley now owns 2,479,850 shares of the industrial products company’s stock valued at $874,668,000 after purchasing an additional 133,091 shares in the last quarter. Montag A & Associates Inc. bought a new position in shares of Deere & Company during the 3rd quarter worth approximately $62,000. Congress Asset Management Co. MA raised its stake in shares of Deere & Company by 27.1% during the 3rd quarter. Congress Asset Management Co. MA now owns 4,748 shares of the industrial products company’s stock worth $1,591,000 after acquiring an additional 1,013 shares in the last quarter. Mackenzie Financial Corp raised its stake in shares of Deere & Company by 11.5% during the 3rd quarter. Mackenzie Financial Corp now owns 96,152 shares of the industrial products company’s stock worth $32,218,000 after acquiring an additional 9,891 shares in the last quarter. Finally, JFS Wealth Advisors LLC raised its stake in shares of Deere & Company by 63.2% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,221 shares of the industrial products company’s stock worth $744,000 after acquiring an additional 860 shares in the last quarter. Institutional investors and hedge funds own 67.35% of the company’s stock.
Deere & Company Company Profile (Get Rating)
Deere & Company manufactures and distributes 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 mid-size tractors, combines, cotton pickers and strippers, sugarcane harvesters, harvesting front-end equipment, sugarcane loaders, 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.
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