Deere & Co. (NYSE:DE) – Stock analysts at William Blair issued their Q1 2017 earnings per share estimates for shares of Deere & Co. in a research note issued on Wednesday. William Blair analyst L. De. Maria forecasts that the firm will post earnings of $0.46 per share for the quarter. William Blair also issued estimates for Deere & Co.’s Q2 2017 earnings at $1.57 EPS, Q3 2017 earnings at $1.43 EPS and FY2018 earnings at $4.80 EPS.

Deere & Co. (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.40 by $0.50. The firm earned $6.52 billion during the quarter. Deere & Co. had a return on equity of 21.54% and a net margin of 5.72%. The company’s revenue for the quarter was down 4.8% on a year-over-year basis. During the same quarter last year, the company earned $1.08 earnings per share. WARNING: “William Blair Weighs in on Deere & Co.’s Q1 2017 Earnings (DE)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2016/11/29/william-blair-weighs-in-on-deere-co-s-q1-2017-earnings-de.html.

Earnings History and Estimates for Deere & Co. (NYSE:DE)

Several other equities research analysts also recently weighed in on DE. Vetr upgraded shares of Deere & Co. from a “hold” rating to a “buy” rating and set a $80.57 target price for the company in a research note on Monday, August 15th. Wells Fargo & Co. restated an “outperform” rating and issued a $121.50 target price (up from $101.50) on shares of Deere & Co. in a research note on Monday. Piper Jaffray Cos. reiterated an “underweight” rating and set a $70.00 price objective on shares of Deere & Co. in a research note on Tuesday, August 30th. Longbow Research upgraded shares of Deere & Co. from an “underperform” rating to a “neutral” rating in a research note on Friday. Finally, TheStreet downgraded shares of Deere & Co. from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Five equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and ten have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $90.24.

Shares of Deere & Co. (NYSE:DE) opened at 101.70 on Monday. The stock has a 50 day moving average price of $89.76 and a 200 day moving average price of $84.31. Deere & Co. has a 1-year low of $70.16 and a 1-year high of $104.83. The stock has a market capitalization of $31.98 billion, a price-to-earnings ratio of 20.38 and a beta of 0.71.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were issued a $0.60 dividend. The ex-dividend date of this dividend was Wednesday, September 28th. This represents a $2.40 annualized dividend and a yield of 2.36%. Deere & Co.’s payout ratio is 49.90%.

In other Deere & Co. news, insider John C. May II sold 18,614 shares of the business’s stock in a transaction dated Wednesday, November 23rd. The shares were sold at an average price of $96.46, for a total value of $1,795,506.44. Following the transaction, the insider now directly owns 28,926 shares in the company, valued at approximately $2,790,201.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Max A. Guinn sold 36,402 shares of the business’s stock in a transaction dated Friday, November 25th. The shares were sold at an average price of $102.94, for a total transaction of $3,747,221.88. Following the completion of the transaction, the insider now owns 55,427 shares in the company, valued at $5,705,655.38. The disclosure for this sale can be found here. 0.75% of the stock is currently owned by company insiders.

WARNING: “William Blair Weighs in on Deere & Co.’s Q1 2017 Earnings (DE)” was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark law. The legal version of this article can be read at https://www.thecerbatgem.com/2016/11/29/william-blair-weighs-in-on-deere-co-s-q1-2017-earnings-de.html.

A number of institutional investors have recently bought and sold shares of the stock. D.A. Davidson & CO. raised its position in Deere & Co. by 21.3% in the third quarter. D.A. Davidson & CO. now owns 167,901 shares of the company’s stock valued at $14,328,000 after buying an additional 29,514 shares during the last quarter. Whalerock Point Partners LLC purchased a new position in Deere & Co. during the third quarter valued at $367,000. Piedmont Investment Advisors LLC purchased a new position in Deere & Co. during the third quarter valued at $9,379,000. Quantitative Systematic Strategies LLC purchased a new position in Deere & Co. during the third quarter valued at $590,000. Finally, OLD Republic International Corp raised its position in Deere & Co. by 19.4% in the third quarter. OLD Republic International Corp now owns 394,040 shares of the company’s stock valued at $30,690,000 after buying an additional 64,000 shares during the last quarter. Institutional investors own 71.68% of the company’s stock.

Deere & Co. Company Profile

Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts.

5 Day Chart for NYSE:DE

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