$3.57 EPS Expected for Deere & Company (DE) This Quarter
Analysts forecast that Deere & Company (NYSE:DE) will report earnings per share (EPS) of $3.57 for the current quarter, Zacks reports. Four analysts have issued estimates for Deere & Company’s earnings, with estimates ranging from $3.45 to $3.71. Deere & Company reported earnings per share of $3.14 in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.7%. The company is scheduled to issue its next earnings results on Friday, May 17th.
On average, analysts expect that Deere & Company will report full year earnings of $11.23 per share for the current year, with EPS estimates ranging from $11.00 to $11.48. For the next financial year, analysts forecast that the company will report earnings of $12.41 per share, with EPS estimates ranging from $11.07 to $13.00. Zacks’ EPS calculations are a mean average based on a survey of research firms that cover Deere & Company.
Deere & Company (NYSE:DE) last announced its quarterly earnings data on Friday, February 15th. The industrial products company reported $1.54 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.76 by ($0.22). The firm had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.83 billion. Deere & Company had a net margin of 8.85% and a return on equity of 28.83%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same period in the prior year, the business posted $1.31 earnings per share.
Shares of NYSE DE traded up $0.53 during trading hours on Friday, reaching $158.29. 16,111 shares of the stock traded hands, compared to its average volume of 2,239,850. The stock has a market cap of $50.69 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.66 and a beta of 0.91. The company has a current ratio of 1.98, a quick ratio of 1.68 and a debt-to-equity ratio of 2.46. Deere & Company has a 52-week low of $128.32 and a 52-week high of $167.82.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, March 29th will be paid a $0.76 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $3.04 annualized dividend and a yield of 1.92%. Deere & Company’s dividend payout ratio (DPR) is currently 32.37%.
In other Deere & Company news, insider John C. May II sold 11,661 shares of the stock in a transaction on Thursday, January 17th. The stock was sold at an average price of $160.21, for a total transaction of $1,868,208.81. Following the sale, the insider now owns 55,743 shares of the company’s stock, valued at approximately $8,930,586.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.71% of the stock is currently owned by company insiders.
Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc raised its stake in shares of Deere & Company by 0.9% during the 3rd quarter. Vanguard Group Inc now owns 22,698,615 shares of the industrial products company’s stock valued at $3,412,282,000 after buying an additional 210,597 shares during the last quarter. Capital International Investors boosted its holdings in shares of Deere & Company by 2.8% during the 3rd quarter. Capital International Investors now owns 6,838,296 shares of the industrial products company’s stock worth $1,028,001,000 after purchasing an additional 188,566 shares during the last quarter. Loomis Sayles & Co. L P boosted its holdings in shares of Deere & Company by 2.1% during the 3rd quarter. Loomis Sayles & Co. L P now owns 6,750,728 shares of the industrial products company’s stock worth $1,014,837,000 after purchasing an additional 141,869 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Deere & Company by 14,550.1% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock valued at $35,000 after buying an additional 5,179,386 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Deere & Company by 1.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,909,749 shares of the industrial products company’s stock valued at $587,750,000 after buying an additional 37,487 shares during the period. Institutional investors own 66.80% of the company’s stock.
Deere & Company Company Profile
Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacturing of full line of agriculture and turf equipment and related service parts.
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