Analysts Expect Deere & Company (DE) to Post $1.41 EPS
Deere & Company (NYSE:DE) has been assigned an average broker rating score of 2.57 (Hold) from the fourteen analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell recommendation, nine have issued a hold recommendation and four have issued a strong buy recommendation on the company. Deere &’s rating score has improved by 3% from three months ago as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a twelve-month consensus price objective of $121.85 for the company and are forecasting that the company will post $1.41 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Deere & an industry rank of 37 out of 265 based on the ratings given to related companies.
Several research firms have recently weighed in on DE. ValuEngine raised shares of Deere & from a “hold” rating to a “buy” rating in a research report on Friday, September 1st. Deutsche Bank AG reissued a “hold” rating and issued a $139.00 target price (up from $135.00) on shares of Deere & in a research report on Friday, August 11th. Jefferies Group LLC reissued a “hold” rating and issued a $125.00 target price on shares of Deere & in a research report on Wednesday, August 9th. Zacks Investment Research raised shares of Deere & from a “hold” rating to a “buy” rating and set a $150.00 target price on the stock in a research report on Thursday, November 2nd. Finally, Goldman Sachs Group, Inc. (The) reissued a “buy” rating on shares of Deere & in a research report on Sunday, August 20th.
Shares of Deere & (DE) opened at C$132.23 on Monday. The company has a quick ratio of 1.90, a current ratio of 2.10 and a debt-to-equity ratio of 2.76. Deere & has a fifty-two week low of C$89.69 and a fifty-two week high of C$136.69. The company has a market cap of $42,473.85, a P/E ratio of 22.14, a P/E/G ratio of 2.39 and a beta of 0.73.
Deere & (NYSE:DE) last released its earnings results on Friday, August 18th. The company reported C$1.97 EPS for the quarter, topping analysts’ consensus estimates of C$1.93 by C$0.04. Deere & had a net margin of 6.81% and a return on equity of 25.96%. The business had revenue of C$6.83 billion for the quarter, compared to the consensus estimate of C$6.92 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business’s revenue for the quarter was up 16.6% on a year-over-year basis. analysts predict that Deere & will post 6.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Friday, September 29th were paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Thursday, September 28th. Deere &’s dividend payout ratio is 40.20%.
In other news, insider Max A. Guinn sold 7,174 shares of the company’s stock in a transaction dated Friday, October 27th. The shares were sold at an average price of C$132.98, for a total value of C$953,998.52. Following the sale, the insider now owns 49,562 shares of the company’s stock, valued at approximately C$6,590,754.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Pentz Markwart Von sold 24,143 shares of the company’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of C$135.33, for a total transaction of C$3,267,272.19. Following the completion of the sale, the insider now directly owns 57,086 shares in the company, valued at approximately C$7,725,448.38. The disclosure for this sale can be found here. In the last ninety days, insiders sold 149,141 shares of company stock worth $18,694,199. 0.75% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Marco Investment Management LLC grew its holdings in Deere & by 0.3% during the 2nd quarter. Marco Investment Management LLC now owns 1,874 shares of the company’s stock worth $232,000 after acquiring an additional 6 shares during the last quarter. Nadler Financial Group Inc. grew its holdings in Deere & by 0.4% during the 2nd quarter. Nadler Financial Group Inc. now owns 2,704 shares of the company’s stock worth $334,000 after acquiring an additional 10 shares during the last quarter. Blue Chip Partners Inc. grew its holdings in Deere & by 0.3% during the 2nd quarter. Blue Chip Partners Inc. now owns 3,687 shares of the company’s stock worth $456,000 after acquiring an additional 10 shares during the last quarter. Northwest Quadrant Wealth Management LLC grew its holdings in Deere & by 0.4% during the 2nd quarter. Northwest Quadrant Wealth Management LLC now owns 3,165 shares of the company’s stock worth $418,000 after acquiring an additional 13 shares during the last quarter. Finally, YorkBridge Wealth Partners LLC grew its holdings in Deere & by 1.1% during the 2nd quarter. YorkBridge Wealth Partners LLC now owns 1,236 shares of the company’s stock worth $154,000 after acquiring an additional 13 shares during the last quarter. 65.67% of the stock is currently owned by institutional investors and hedge funds.
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Deere & Company Profile
Deere & Company is engaged in equipment operations. The Company is engaged in providing financial services. The Company operates through three business segments: agriculture and turf, construction and forestry, and financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.
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