Wall Street brokerages expect Deere & Company (NYSE:DE) to report earnings of $3.83 per share for the current quarter, according to Zacks Investment Research. Seven analysts have made estimates for Deere & Company’s earnings, with the lowest EPS estimate coming in at $2.95 and the highest estimate coming in at $4.49. Deere & Company posted earnings of $2.11 per share in the same quarter last year, which indicates a positive year over year growth rate of 81.5%. The company is scheduled to announce its next quarterly earnings report on Friday, May 28th.

According to Zacks, analysts expect that Deere & Company will report full year earnings of $13.14 per share for the current financial year, with EPS estimates ranging from $11.84 to $14.15. For the next financial year, analysts forecast that the firm will report earnings of $15.38 per share, with EPS estimates ranging from $12.36 to $18.25. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Deere & Company.

Deere & Company (NYSE:DE) last issued its earnings results on Thursday, February 18th. The industrial products company reported $3.87 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.17 by $1.70. The company had revenue of $8.05 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Deere & Company had a return on equity of 22.17% and a net margin of 7.74%. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS.

Several analysts have issued reports on DE shares. Barclays upped their target price on Deere & Company from $330.00 to $350.00 and gave the company an “overweight” rating in a report on Monday. BMO Capital Markets increased their price target on Deere & Company from $300.00 to $400.00 and gave the stock an “outperform” rating in a report on Monday, January 25th. Vertical Research assumed coverage on Deere & Company in a report on Wednesday, January 20th. They set a “buy” rating and a $345.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on Deere & Company from $287.00 to $360.00 and gave the company a “hold” rating in a report on Monday. Finally, Robert W. Baird raised their target price on Deere & Company from $300.00 to $345.00 and gave the company an “outperform” rating in a report on Tuesday, January 12th. Five investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $309.80.

In other news, CFO Ryan D. Campbell sold 14,413 shares of the firm’s stock in a transaction dated Tuesday, December 1st. The stock was sold at an average price of $263.22, for a total transaction of $3,793,789.86. Following the sale, the chief financial officer now owns 9,440 shares of the company’s stock, valued at approximately $2,484,796.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Marc A. Howze sold 14,619 shares of Deere & Company stock in a transaction that occurred on Wednesday, January 6th. The stock was sold at an average price of $289.00, for a total value of $4,224,891.00. Following the transaction, the chief accounting officer now directly owns 35,920 shares in the company, valued at approximately $10,380,880. The disclosure for this sale can be found here. Insiders sold a total of 121,468 shares of company stock worth $31,836,175 in the last ninety days. 0.70% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the business. BlackRock Inc. grew its stake in shares of Deere & Company by 1.5% in the 4th quarter. BlackRock Inc. now owns 20,066,592 shares of the industrial products company’s stock valued at $5,398,918,000 after purchasing an additional 292,485 shares during the last quarter. State Street Corp grew its stake in shares of Deere & Company by 0.7% in the 3rd quarter. State Street Corp now owns 12,535,526 shares of the industrial products company’s stock valued at $2,787,701,000 after purchasing an additional 85,509 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Deere & Company by 4.9% in the 4th quarter. JPMorgan Chase & Co. now owns 5,441,488 shares of the industrial products company’s stock valued at $1,464,031,000 after purchasing an additional 253,994 shares during the last quarter. FMR LLC grew its stake in shares of Deere & Company by 37.8% in the 4th quarter. FMR LLC now owns 4,701,751 shares of the industrial products company’s stock valued at $1,265,007,000 after purchasing an additional 1,289,219 shares during the last quarter. Finally, Northern Trust Corp grew its stake in shares of Deere & Company by 0.6% in the 4th quarter. Northern Trust Corp now owns 3,714,956 shares of the industrial products company’s stock valued at $999,509,000 after purchasing an additional 22,735 shares during the last quarter. Institutional investors own 66.77% of the company’s stock.

NYSE:DE traded down $2.60 during trading hours on Tuesday, hitting $334.91. The company had a trading volume of 78,987 shares, compared to its average volume of 1,794,601. The company has a current ratio of 2.24, a quick ratio of 2.03 and a debt-to-equity ratio of 2.53. The company has a 50-day moving average of $302.15 and a 200 day moving average of $251.20. The company has a market cap of $105.30 billion, a P/E ratio of 38.52, a P/E/G ratio of 1.43 and a beta of 0.96. Deere & Company has a 1 year low of $106.14 and a 1 year high of $338.55.

The business also recently declared a quarterly dividend, which was paid on Monday, February 8th. Shareholders of record on Thursday, December 31st were given a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 0.91%. The ex-dividend date was Wednesday, December 30th. Deere & Company’s dividend payout ratio is currently 34.98%.

About Deere & Company

Deere & Company, together with its subsidiaries, 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 provides various agriculture and turf equipment, and related service 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; tillage, seeding, and application equipment comprising sprayers, nutrient management, and soil preparation machinery; self-propelled forage harvesters and attachments, balers, and mowers; riding lawn equipment, golf course equipment, utility vehicles, and commercial mowing equipment along with associated implements; integrated agricultural solutions and precision technologies; and other outdoor power products.

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