Deere & Company (NYSE:DE) is set to announce its earnings results before the market opens on Wednesday, November 22nd. Analysts expect the company to announce earnings of $1.45 per share for the quarter.
Deere & (NYSE:DE) last announced its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the consensus estimate of $1.93 by $0.04. The firm had revenue of $6.83 billion for the quarter, compared to the consensus estimate of $6.92 billion. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.55 EPS. On average, analysts expect Deere & to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.
Shares of Deere & Company (NYSE DE) opened at $136.92 on Tuesday. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76. The stock has a market cap of $43,990.00, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 2.43 and a beta of 0.73. Deere & Company has a 12-month low of $91.33 and a 12-month high of $137.82.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were given a dividend of $0.60 per share. The ex-dividend date was Thursday, September 28th. This represents a $2.40 annualized dividend and a dividend yield of 1.75%. Deere &’s dividend payout ratio (DPR) is currently 40.07%.
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In other Deere & news, insider John C. May II sold 22,095 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $127.04, for a total transaction of $2,806,948.80. Following the sale, the insider now directly owns 51,429 shares in the company, valued at $6,533,540.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Pentz Markwart Von sold 24,143 shares of the stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $135.33, for a total transaction of $3,267,272.19. Following the sale, the insider now owns 57,086 shares in the company, valued at $7,725,448.38. The disclosure for this sale can be found here. Insiders sold 102,684 shares of company stock worth $13,270,809 over the last 90 days. 0.75% of the stock is currently owned by corporate insiders.
Several equities analysts recently issued reports on the stock. Goldman Sachs Group, Inc. (The) raised shares of Deere & from a “buy” rating to a “conviction-buy” rating and set a $129.75 price target for the company in a research note on Monday, August 7th. Zacks Investment Research raised shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 price target for the company in a research note on Thursday, November 2nd. ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. BidaskClub downgraded shares of Deere & from a “hold” rating to a “sell” rating in a research note on Saturday, August 26th. Finally, BMO Capital Markets reissued a “buy” rating and set a $150.00 price target on shares of Deere & in a research note on Thursday, November 2nd. Three analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and ten have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $130.08.
Deere & 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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