Equities research analysts expect that Deere & Company (NYSE:DE) will post $2.42 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Deere & Company’s earnings, with estimates ranging from $2.33 to $2.66. Deere & Company posted earnings per share of $1.57 in the same quarter last year, which would suggest a positive year-over-year growth rate of 54.1%. The company is scheduled to announce its next quarterly earnings report on Wednesday, November 28th.

On average, analysts expect that Deere & Company will report full year earnings of $9.50 per share for the current fiscal year, with EPS estimates ranging from $9.42 to $9.60. For the next year, analysts expect that the firm will post earnings of $11.60 per share, with EPS estimates ranging from $10.95 to $12.20. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Deere & Company.

Deere & Company (NYSE:DE) last issued its earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.75 by ($0.16). The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The firm’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period last year, the firm posted $1.97 earnings per share.

Several brokerages have issued reports on DE. Stifel Nicolaus decreased their target price on shares of Deere & Company from $193.00 to $190.00 and set a “buy” rating for the company in a report on Monday, August 20th. UBS Group decreased their target price on shares of Deere & Company from $185.00 to $177.00 and set a “buy” rating for the company in a report on Friday, July 20th. Deutsche Bank set a $155.00 target price on shares of Deere & Company and gave the stock a “hold” rating in a report on Wednesday, September 5th. Wells Fargo & Co decreased their target price on shares of Deere & Company from $190.00 to $180.00 and set a “buy” rating for the company in a report on Monday, August 20th. Finally, OTR Global cut shares of Deere & Company to a “$139.21” rating in a report on Wednesday, July 18th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and fifteen have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $177.75.

Several hedge funds have recently made changes to their positions in DE. Mount Yale Investment Advisors LLC bought a new stake in shares of Deere & Company in the first quarter worth approximately $100,000. Kaizen Advisory LLC grew its stake in shares of Deere & Company by 158.4% in the second quarter. Kaizen Advisory LLC now owns 796 shares of the industrial products company’s stock worth $111,000 after acquiring an additional 488 shares during the period. Winthrop Partners WNY LLC bought a new stake in shares of Deere & Company in the first quarter worth approximately $114,000. Clarus Wealth Advisors bought a new stake in shares of Deere & Company in the second quarter worth approximately $118,000. Finally, Amussen Hunsaker Associates LLC bought a new stake in shares of Deere & Company in the second quarter worth approximately $122,000. Hedge funds and other institutional investors own 66.28% of the company’s stock.

Deere & Company stock traded down $1.26 during trading hours on Monday, hitting $152.81. The stock had a trading volume of 2,511,117 shares, compared to its average volume of 1,776,644. The company has a debt-to-equity ratio of 2.59, a quick ratio of 1.66 and a current ratio of 1.91. The stock has a market capitalization of $49.56 billion, a PE ratio of 22.88, a price-to-earnings-growth ratio of 2.86 and a beta of 0.86. Deere & Company has a 12-month low of $122.39 and a 12-month high of $175.26.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Stockholders of record on Friday, September 28th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.81%. Deere & Company’s dividend payout ratio is presently 41.32%.

Deere & Company Company Profile

Deere & Company, together with its subsidiaries, manufactures and distributes agriculture and turf, and construction and forestry equipment worldwide. The company's Agriculture and Turf segment provides agriculture and turf equipment, and related service parts, including large, medium, and utility tractors; tractor loaders; combines, cotton pickers, cotton strippers, and sugarcane harvesters; related harvesting front-end equipment; sugarcane loaders and pull-behind scrapers; and tillage, seeding, and application equipment comprising sprayers, and nutrient management and soil preparation machinery.

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

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