Deere & Company (NYSE:DE) is set to announce its earnings results before the market opens on Friday, August 16th. Analysts expect the company to announce earnings of $2.82 per share for the quarter. Deere & Company has set its FY 2019 guidance at EPS.Investors interested in listening to the company’s conference call can do so using this link.
Deere & Company (NYSE:DE) last released its earnings results on Friday, May 17th. The industrial products company reported $3.52 earnings per share for the quarter, missing analysts’ consensus estimates of $3.57 by ($0.05). Deere & Company had a return on equity of 28.76% and a net margin of 8.52%. The business had revenue of $10.27 billion during the quarter, compared to analysts’ expectations of $10.19 billion. During the same quarter in the previous year, the business earned $3.14 EPS. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts expect Deere & Company to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.
DE stock opened at $143.40 on Thursday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.66 and a current ratio of 1.94. The stock has a fifty day simple moving average of $162.18. Deere & Company has a twelve month low of $128.32 and a twelve month high of $171.22. The stock has a market capitalization of $46.61 billion, a price-to-earnings ratio of 15.27, a price-to-earnings-growth ratio of 1.91 and a beta of 1.10.
In related news, COO John C. May II sold 16,468 shares of the firm’s stock in a transaction dated Friday, June 21st. The stock was sold at an average price of $163.21, for a total transaction of $2,687,742.28. Following the sale, the chief operating officer now owns 60,550 shares of the company’s stock, valued at $9,882,365.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO John C. May II sold 5,228 shares of the firm’s stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $170.00, for a total value of $888,760.00. Following the sale, the chief operating officer now directly owns 49,310 shares in the company, valued at approximately $8,382,700. The disclosure for this sale can be found here. 0.71% of the stock is owned by company insiders.
DE has been the topic of several research reports. Bank of America upgraded Deere & Company from a “neutral” rating to a “buy” rating and set a $185.00 price target on the stock in a research note on Monday, July 15th. Vertical Research lowered Deere & Company from a “buy” rating to a “hold” rating in a research note on Monday, May 20th. Robert W. Baird cut their price target on Deere & Company from $170.00 to $150.00 and set a “positive” rating on the stock in a research note on Tuesday. Citigroup restated a “buy” rating and set a $170.00 price target (down previously from $180.00) on shares of Deere & Company in a research note on Thursday, May 16th. Finally, Royal Bank of Canada cut their price target on Deere & Company from $190.00 to $175.00 and set an “outperform” rating on the stock in a research note on Monday, May 20th. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the company. Deere & Company presently has an average rating of “Hold” and a consensus target price of $167.61.
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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