Deere & (NYSE:DE) Earning Somewhat Positive News Coverage, Study Shows
Media stories about Deere & (NYSE:DE) have trended somewhat positive this week, Accern reports. Accern ranks the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Deere & earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news headlines about the industrial products company an impact score of 46.1474036033589 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Deere Shares Drop on Equipment Sales Miss (eslforkids.net)
- Deere & Company (DE) Rating Lowered to Hold at BidaskClub (americanbankingnews.com)
- Deere & Company (DE) Earns “Buy” Rating from Credit Suisse Group (americanbankingnews.com)
- Deere 3Q profit up, construction equipment market improves – Quad City Times (qctimes.com)
- Deere & Company’s (DE) Management on Q3 2017 Results – Earnings Call Transcript – Seeking Alpha (seekingalpha.com)
A number of equities research analysts recently issued reports on the company. Credit Suisse Group set a $148.00 price target on Deere & and gave the stock a “buy” rating in a research note on Friday. BidaskClub lowered Deere & from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird lowered Deere & from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $140.00 to $130.00 in a research note on Friday. BMO Capital Markets reissued an “outperform” rating and set a $150.00 price target (up from $140.00) on shares of Deere & in a research note on Wednesday. Finally, Bank of America Corporation lowered Deere & from a “buy” rating to a “neutral” rating and set a $145.00 price target for the company. in a research note on Tuesday. Three research analysts have rated the stock with a sell rating, sixteen have given a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $123.12.
Shares of Deere & (NYSE DE) traded down 5.38% on Friday, reaching $117.31. The company had a trading volume of 11,364,628 shares. The firm has a market capitalization of $37.52 billion, a PE ratio of 21.12 and a beta of 0.67. The firm’s 50 day moving average is $126.94 and its 200 day moving average is $117.25. Deere & has a 12 month low of $80.35 and a 12 month high of $132.50.
Deere & (NYSE:DE) last posted its earnings results on Friday, August 18th. The industrial products company reported $1.97 EPS for the quarter, topping the Zacks’ consensus estimate of $1.93 by $0.04. Deere & had a return on equity of 24.85% and a net margin of 6.52%. The business had revenue of $6.83 billion for the quarter, compared to analysts’ expectations of $6.92 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. The business’s revenue was up 16.6% compared to the same quarter last year. On average, equities research analysts expect that Deere & will post $6.42 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Friday, June 30th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend was Wednesday, June 28th. Deere &’s dividend payout ratio (DPR) is currently 43.24%.
In related news, CEO Samuel R. Allen sold 62,704 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was sold at an average price of $125.00, for a total transaction of $7,838,000.00. Following the transaction, the chief executive officer now owns 333,492 shares of the company’s stock, valued at $41,686,500. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Max A. Guinn sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $130.89, for a total value of $654,450.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 118,524 shares of company stock worth $14,960,467. Corporate insiders own 0.85% of the company’s stock.
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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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