Deere & Company (NYSE:DE) Expected to Announce Earnings of $4.46 Per Share


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Analysts expect Deere & Company (NYSE:DE) to post $4.46 earnings per share for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Deere & Company’s earnings, with the highest EPS estimate coming in at $5.25 and the lowest estimate coming in at $4.03. Deere & Company posted earnings per share of $2.11 during the same quarter last year, which indicates a positive year-over-year growth rate of 111.4%. The business is scheduled to announce its next earnings results before the market opens on Friday, May 21st.

On average, analysts expect that Deere & Company will report full-year earnings of $16.01 per share for the current financial year, with EPS estimates ranging from $15.35 to $17.60. For the next financial year, analysts forecast that the company will post earnings of $18.40 per share, with EPS estimates ranging from $14.33 to $20.00. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research analysts that that provide coverage for Deere & Company.

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

Several equities analysts have recently weighed in on DE shares. Robert W. Baird raised their price target on shares of Deere & Company from $353.00 to $375.00 and gave the stock an “outperform” rating in a research note on Thursday, February 25th. Credit Suisse Group lifted their target price on Deere & Company from $343.00 to $403.00 and gave the company an “outperform” rating in a research report on Monday, March 1st. Deutsche Bank Aktiengesellschaft increased their price target on Deere & Company from $360.00 to $402.00 and gave the company a “hold” rating in a research report on Monday, April 19th. Morgan Stanley boosted their target price on shares of Deere & Company from $394.00 to $410.00 and gave the stock an “overweight” rating in a report on Monday, April 19th. Finally, Jefferies Financial Group increased their price target on shares of Deere & Company from $320.00 to $350.00 and gave the company a “buy” rating in a research note on Friday, January 15th. Five analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $327.95.

Shares of Deere & Company stock traded up $5.81 during trading on Tuesday, reaching $379.58. The stock had a trading volume of 1,659,713 shares, compared to its average volume of 1,723,156. 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 market capitalization of $118.98 billion, a price-to-earnings ratio of 42.96, a P/E/G ratio of 1.43 and a beta of 0.96. Deere & Company has a 52 week low of $117.85 and a 52 week high of $392.42. The stock has a fifty day moving average price of $374.56 and a two-hundred day moving average price of $305.50.

The company also recently announced a quarterly dividend, which will be paid on Monday, May 10th. Stockholders of record on Wednesday, March 31st will be issued a dividend of $0.90 per share. The ex-dividend date is Tuesday, March 30th. This represents a $3.60 dividend on an annualized basis and a dividend yield of 0.95%. This is an increase from Deere & Company’s previous quarterly dividend of $0.76. Deere & Company’s dividend payout ratio (DPR) is currently 41.43%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Diamant Asset Management Inc. grew its position in shares of Deere & Company by 2.3% during the 1st quarter. Diamant Asset Management Inc. now owns 1,217 shares of the industrial products company’s stock worth $455,000 after purchasing an additional 27 shares in the last quarter. TCI Wealth Advisors Inc. grew its position in Deere & Company by 2.2% during the first quarter. TCI Wealth Advisors Inc. now owns 1,327 shares of the industrial products company’s stock worth $496,000 after buying an additional 29 shares in the last quarter. Foster Group Inc. increased its stake in Deere & Company by 2.4% during the 1st quarter. Foster Group Inc. now owns 1,296 shares of the industrial products company’s stock worth $485,000 after acquiring an additional 30 shares during the period. ProVise Management Group LLC raised its holdings in Deere & Company by 2.2% in the 1st quarter. ProVise Management Group LLC now owns 1,380 shares of the industrial products company’s stock valued at $516,000 after acquiring an additional 30 shares in the last quarter. Finally, Flagship Harbor Advisors LLC raised its holdings in Deere & Company by 3.4% in the 4th quarter. Flagship Harbor Advisors LLC now owns 962 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 32 shares in the last quarter. 66.77% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Company Profile

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

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