Deere & Company (DE) Expected to Announce Earnings on Thursday

Deere & Company (NYSE:DE) is expected to announce its earnings results before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $3.14 per share and revenue of $7.89 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Deere & Company (NYSE:DE) last posted its earnings results on Thursday, November 21st. The industrial products company reported $4.55 EPS for the quarter, topping the consensus estimate of $3.89 by $0.66. The firm had revenue of $9.28 billion for the quarter, compared to analyst estimates of $9.20 billion. Deere & Company had a return on equity of 31.32% and a net margin of 13.73%. Deere & Company’s revenue for the quarter was down 32.8% compared to the same quarter last year. During the same period last year, the company earned $8.26 earnings per share. On average, analysts expect Deere & Company to post $19 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Deere & Company Stock Up 1.0 %

Deere & Company stock opened at $474.79 on Wednesday. The firm has a market cap of $129.31 billion, a price-to-earnings ratio of 18.55, a price-to-earnings-growth ratio of 2.87 and a beta of 0.98. Deere & Company has a 52 week low of $340.20 and a 52 week high of $485.84. The business’s 50-day moving average price is $445.15 and its 200 day moving average price is $414.08. The company has a quick ratio of 1.90, a current ratio of 2.09 and a debt-to-equity ratio of 1.89.

Deere & Company Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Tuesday, December 31st were issued a dividend of $1.62 per share. This represents a $6.48 annualized dividend and a yield of 1.36%. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date was Tuesday, December 31st. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Wall Street Analyst Weigh In

Several analysts recently commented on DE shares. Jefferies Financial Group lowered Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 target price on the stock. in a report on Friday, December 6th. Barclays increased their price target on Deere & Company from $400.00 to $475.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Citigroup lowered their price target on Deere & Company from $470.00 to $430.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. increased their price target on Deere & Company from $470.00 to $500.00 and gave the stock a “neutral” rating in a research report on Monday. Finally, Morgan Stanley increased their price target on Deere & Company from $401.00 to $450.00 and gave the stock an “overweight” rating in a research report on Monday, November 25th. Eleven investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $446.17.

Deere & Company Company Profile

Deere & Co engages in the manufacture and distribution of equipment used in agriculture, construction, forestry, and turf care. It operates through the following segments: Agriculture and Turf, Construction and Forestry, and Financial Services. The Agriculture and Turf segment focuses on the distribution and manufacture of a full line of agriculture and turf equipment and related service parts.