Equities research analysts forecast that Deere & Company (NYSE:DE) will announce $8.49 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for Deere & Company’s earnings. The lowest sales estimate is $8.39 billion and the highest is $8.70 billion. Deere & Company reported sales of $8.34 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.8%. The business is expected to report its next earnings results on Wednesday, November 20th.

According to Zacks, analysts expect that Deere & Company will report full-year sales of $34.75 billion for the current financial year, with estimates ranging from $34.57 billion to $35.06 billion. For the next financial year, analysts forecast that the company will report sales of $36.07 billion, with estimates ranging from $35.13 billion to $37.04 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that that provide coverage for Deere & Company.

Deere & Company (NYSE:DE) last issued its quarterly earnings data on Friday, August 16th. The industrial products company reported $2.71 earnings per share for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.09). The firm had revenue of $8.97 billion for the quarter, compared to the consensus estimate of $9.38 billion. Deere & Company had a return on equity of 27.75% and a net margin of 8.55%. The company’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.59 EPS.

DE has been the topic of several recent research reports. Deutsche Bank cut their target price on Deere & Company from $163.00 to $155.00 and set a “hold” rating on the stock in a report on Wednesday, August 14th. Barclays reaffirmed a “buy” rating and set a $167.00 target price on shares of Deere & Company in a report on Monday, July 15th. UBS Group dropped their price objective on Deere & Company from $167.00 to $160.00 and set a “neutral” rating on the stock in a research note on Monday, August 19th. Stifel Nicolaus dropped their price objective on Deere & Company from $180.00 to $171.00 and set a “buy” rating on the stock in a research note on Monday, May 20th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $175.00 price target (down from $195.00) on shares of Deere & Company in a research note on Monday, May 27th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and twelve have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $166.89.

In other Deere & Company news, COO John C. May II sold 5,228 shares of the stock in a transaction on Friday, July 26th. The stock was sold at an average price of $170.00, for a total transaction of $888,760.00. Following the completion of the transaction, the chief operating officer now directly owns 49,310 shares of the company’s stock, valued at $8,382,700. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John C. May II sold 16,468 shares of the stock in a transaction on Friday, June 21st. The shares were sold at an average price of $163.21, for a total value of $2,687,742.28. Following the transaction, the chief operating officer now directly owns 60,550 shares of the company’s stock, valued at $9,882,365.50. The disclosure for this sale can be found here. Corporate insiders own 0.71% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fort Washington Investment Advisors Inc. OH lifted its position in shares of Deere & Company by 9.1% during the first quarter. Fort Washington Investment Advisors Inc. OH now owns 448,092 shares of the industrial products company’s stock worth $71,623,000 after acquiring an additional 37,357 shares in the last quarter. Rehmann Capital Advisory Group raised its position in shares of Deere & Company by 11.3% in the first quarter. Rehmann Capital Advisory Group now owns 1,223 shares of the industrial products company’s stock worth $195,000 after buying an additional 124 shares in the last quarter. Clarius Group LLC raised its position in shares of Deere & Company by 6.3% in the second quarter. Clarius Group LLC now owns 1,984 shares of the industrial products company’s stock worth $329,000 after buying an additional 117 shares in the last quarter. Chemical Bank raised its position in shares of Deere & Company by 1.0% in the first quarter. Chemical Bank now owns 10,460 shares of the industrial products company’s stock worth $1,672,000 after buying an additional 100 shares in the last quarter. Finally, Buckingham Asset Management LLC raised its position in shares of Deere & Company by 6.4% in the second quarter. Buckingham Asset Management LLC now owns 3,766 shares of the industrial products company’s stock worth $624,000 after buying an additional 226 shares in the last quarter. 67.53% of the stock is owned by institutional investors and hedge funds.

DE traded down $0.62 during midday trading on Tuesday, hitting $163.97. 122,283 shares of the company were exchanged, compared to its average volume of 1,777,335. The firm has a market capitalization of $51.82 billion, a P/E ratio of 17.47, a P/E/G ratio of 2.37 and a beta of 1.15. Deere & Company has a 1-year low of $128.32 and a 1-year high of $171.22. The firm’s 50 day moving average price is $155.60 and its 200-day moving average price is $157.52. The company has a quick ratio of 1.73, a current ratio of 1.99 and a debt-to-equity ratio of 2.38.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 8th. Stockholders of record on Monday, September 30th will be issued a $0.76 dividend. This represents a $3.04 annualized dividend and a dividend yield of 1.85%. The ex-dividend date of this dividend is Friday, September 27th. Deere & Company’s dividend payout ratio is presently 32.37%.

Deere & Company Company Profile

Deere & Company 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 offers agriculture and turf equipment, and related 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; and tillage, seeding, and application equipment.

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

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