Deere & Company (DE) to Release Earnings on Thursday

Deere & Company (NYSE:DEGet Free Report) is set to 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. Investors interested in participating in the company’s conference call can do so using this link.

Deere & Company (NYSE:DEGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.19 by $1.04. The firm had revenue of $10.49 billion for the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm’s quarterly revenue was down 8.0% on a year-over-year basis. During the same period in the prior year, the company posted $6.55 earnings per share. 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 Price Performance

DE opened at $407.98 on Tuesday. Deere & Company has a 1-year low of $345.55 and a 1-year high of $450.00. The company has a market capitalization of $113.57 billion, a P/E ratio of 11.88, a PEG ratio of 1.53 and a beta of 1.04. The company has a debt-to-equity ratio of 1.81, a quick ratio of 1.81 and a current ratio of 2.05. The company has a 50-day moving average of $395.62 and a 200-day moving average of $384.96.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Stockholders of record on Friday, March 29th were issued a dividend of $1.47 per share. This represents a $5.88 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Wednesday, March 27th. Deere & Company’s dividend payout ratio (DPR) is 17.12%.

Wall Street Analyst Weigh In

DE has been the subject of several recent analyst reports. Stifel Nicolaus decreased their target price on shares of Deere & Company from $435.00 to $425.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Wells Fargo & Company cut their target price on Deere & Company from $445.00 to $425.00 and set an “overweight” rating on the stock in a research note on Friday, February 16th. JPMorgan Chase & Co. increased their price target on Deere & Company from $415.00 to $425.00 and gave the stock a “neutral” rating in a research note on Friday, April 12th. 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 note on Friday, February 16th. Finally, Citigroup decreased their target price on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Ten equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $433.28.

View Our Latest Stock Report on Deere & Company

Deere & Company Company Profile

(Get Free Report)

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.

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Earnings History for Deere & Company (NYSE:DE)

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