Deere & Company (DE) Scheduled to Post Earnings on Thursday

Deere & Company (NYSE:DE) will release its earnings data before the market opens on Thursday, May 16th. Analysts expect Deere & Company to post earnings of $7.83 per share for the quarter.

Deere & Company (NYSE:DE) last announced its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm had revenue of $10.49 billion for the quarter, compared to analyst estimates of $10.30 billion. During the same quarter in the previous year, the firm posted $6.55 earnings per share. The business’s revenue was down 8.0% on a year-over-year basis. On average, analysts expect Deere & Company to post $27 EPS for the current fiscal year and $27 EPS for the next fiscal year.

Deere & Company Stock Performance

Shares of DE opened at $405.43 on Thursday. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00. The firm’s 50 day moving average price is $393.13 and its two-hundred day moving average price is $384.23. The firm has a market cap of $112.85 billion, a P/E ratio of 11.80, a PEG ratio of 1.51 and a beta of 1.04.

Deere & Company Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were given a $1.47 dividend. This represents a $5.88 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date was Wednesday, March 27th. Deere & Company’s dividend payout ratio is presently 17.12%.

Analysts Set New Price Targets

A number of analysts have recently commented on DE shares. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating on the stock in a research report on Friday, February 16th. JPMorgan Chase & Co. boosted their price objective on shares of Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research report on Friday, April 12th. Citigroup cut their price objective on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Truist Financial assumed coverage on shares of Deere & Company in a report on Thursday, March 14th. They set a “buy” rating and a $494.00 target price on the stock. Finally, Wells Fargo & Company lowered their target price on shares of Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $433.28.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.