Deere & Company (DE) to Release Quarterly Earnings on Thursday

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

Deere & Company (NYSE:DE) last released its earnings results on Thursday, November 21st. The industrial products company reported $4.55 earnings per share for the quarter, topping the consensus estimate of $3.89 by $0.66. The company had revenue of $9.28 billion for the quarter, compared to the consensus estimate of $9.20 billion. Deere & Company had a net margin of 13.73% and a return on equity of 31.32%. Deere & Company’s revenue was down 32.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $8.26 EPS. 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 Trading Down 1.0 %

NYSE DE opened at $467.77 on Thursday. Deere & Company has a 12-month low of $340.20 and a 12-month high of $485.84. The company has a fifty day simple moving average of $445.00 and a two-hundred day simple moving average of $411.50. The company has a current ratio of 2.09, a quick ratio of 1.90 and a debt-to-equity ratio of 1.89. The stock has a market cap of $127.40 billion, a P/E ratio of 18.27, a P/E/G ratio of 2.94 and a beta of 0.98.

Deere & Company Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, February 10th. Investors of record on Tuesday, December 31st will be paid a $1.62 dividend. This is a positive change from Deere & Company’s previous quarterly dividend of $1.47. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $6.48 dividend on an annualized basis and a yield of 1.39%. Deere & Company’s dividend payout ratio (DPR) is 25.31%.

Analysts Set New Price Targets

DE has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on Deere & Company from $450.00 to $470.00 and gave the company a “neutral” rating in a report on Wednesday, January 15th. Jefferies Financial Group lowered shares of Deere & Company from a “buy” rating to a “hold” rating and set a $510.00 price target for the company. in a research report on Friday, December 6th. Citigroup decreased their price objective on shares of Deere & Company from $470.00 to $430.00 and set a “neutral” rating for the company in a research note on Tuesday, January 14th. Oppenheimer increased their price objective on shares of Deere & Company from $477.00 to $507.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 28th. Finally, UBS Group boosted their target price on shares of Deere & Company from $404.00 to $462.00 and gave the company a “neutral” rating in a research report on Friday, November 22nd. Eleven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $444.50.

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.