Deere & Company (NYSE:DE) will issue its quarterly earnings data before the market opens on Wednesday, November 21st. Analysts expect the company to announce earnings of $2.42 per share for the quarter.

Deere & Company (NYSE:DE) last released its earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the consensus estimate of $2.75 by ($0.16). Deere & Company had a return on equity of 28.51% and a net margin of 5.82%. The firm had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.18 billion. During the same period last year, the business earned $1.97 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. On average, analysts expect Deere & Company to post $10 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Shares of DE opened at $142.57 on Tuesday. Deere & Company has a 52 week low of $128.32 and a 52 week high of $175.26. The company has a market cap of $47.57 billion, a P/E ratio of 21.34, a P/E/G ratio of 2.27 and a beta of 0.97. The company has a current ratio of 1.91, a quick ratio of 1.66 and a debt-to-equity ratio of 2.59.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 1st. Investors of record on Friday, September 28th were given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, September 27th. Deere & Company’s payout ratio is presently 41.32%.

DE has been the topic of a number of research analyst reports. Deutsche Bank set a $155.00 price objective on shares of Deere & Company and gave the company a “hold” rating in a research report on Wednesday, September 5th. Zacks Investment Research reaffirmed a “hold” rating on shares of Deere & Company in a research report on Tuesday, November 13th. Argus lowered their price objective on shares of Deere & Company to $160.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Credit Suisse Group lowered their price objective on shares of Deere & Company from $231.00 to $221.00 and set an “outperform” rating on the stock in a research report on Monday, August 20th. Finally, Wells Fargo & Co lowered their price objective on shares of Deere & Company from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Monday, August 20th. Seven analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $177.75.

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About Deere & Company

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 for Deere & Company (NYSE:DE)

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