Deere & Company (NYSE:DE) is scheduled to post its quarterly earnings results before the market opens on Friday, May 21st. Analysts expect Deere & Company to post earnings of $4.31 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.
Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 18th. The industrial products company reported $3.87 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $2.17 by $1.70. The firm had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Deere & Company had a net margin of 7.74% and a return on equity of 22.17%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 earnings per share. On average, analysts expect Deere & Company to post $13 EPS for the current fiscal year and $15 EPS for the next fiscal year.
Shares of NYSE DE opened at $369.69 on Wednesday. The firm has a fifty day moving average price of $378.53 and a 200-day moving average price of $316.69. The company has a debt-to-equity ratio of 2.53, a current ratio of 2.24 and a quick ratio of 2.03. The stock has a market cap of $115.88 billion, a PE ratio of 42.49, a price-to-earnings-growth ratio of 1.43 and a beta of 0.96. Deere & Company has a 1 year low of $135.44 and a 1 year high of $400.34.
The company also recently disclosed a quarterly dividend, which was paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st were paid a $0.90 dividend. The ex-dividend date was Tuesday, March 30th. This is a boost from Deere & Company’s previous quarterly dividend of $0.76. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.97%. Deere & Company’s dividend payout ratio is 41.43%.
A number of analysts have recently issued reports on DE shares. BMO Capital Markets cut shares of Deere & Company from an “outperform” rating to a “market perform” rating and set a $400.00 price objective for the company. in a research note on Thursday, May 13th. Stifel Nicolaus raised their target price on shares of Deere & Company from $325.00 to $365.00 and gave the company a “buy” rating in a research note on Monday, March 1st. Morgan Stanley raised their target price on shares of Deere & Company from $394.00 to $410.00 and gave the company an “overweight” rating in a research note on Monday, April 19th. Citigroup raised their target price on shares of Deere & Company from $400.00 to $415.00 and gave the company a “buy” rating in a research note on Friday, May 14th. Finally, Argus raised their target price on shares of Deere & Company from $280.00 to $380.00 and gave the stock a “buy” rating in a report on Monday, March 1st. Five investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Deere & Company presently has an average rating of “Buy” and an average price target of $341.17.
Deere & Company Company Profile
Deere & Company, together with its subsidiaries, manufactures and distributes various equipment worldwide. The company operates through three segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment provides various agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.
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