Trade Report: Today: Deere & Company Expected to Earn Q1 2017 Earnings of $0.46 Per Share (DE)

Today: Deere & Company Expected to Earn Q1 2017 Earnings of $0.46 Per Share (DE)

Deere & Company (NYSE:DE) – Research analysts at William Blair issued their Q1 2017 earnings per share estimates for Deere & Company in a research report issued on Wednesday. William Blair analyst L. De. Maria expects that the brokerage will post earnings of $0.46 per share for the quarter. William Blair also issued estimates for Deere & Company’s Q2 2017 earnings at $1.57 EPS, Q3 2017 earnings at $1.43 EPS and FY2018 earnings at $4.80 EPS.

Several other brokerages also recently issued reports on DE. TheStreet upgraded shares of Deere & Company from a “hold” rating to a “buy” rating in a research report on Wednesday, November 23rd. Royal Bank Of Canada upped their price target on shares of Deere & Company from $80.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Friday. Longbow Research upgraded shares of Deere & Company from an “underperform” rating to a “neutral” rating in a research report on Friday. RBC Capital Markets upped their price target on shares of Deere & Company from $80.00 to $98.00 and gave the stock a “sector perform” rating in a research report on Friday. Finally, Macquarie upgraded shares of Deere & Company from an “underperform” rating to a “neutral” rating in a research report on Friday. Six investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and ten have issued a buy rating to the company. Deere & Company presently has an average rating of “Hold” and an average target price of $86.49.

Shares of Deere & Company (NYSE:DE) opened at 103.92 on Monday. The company’s 50 day moving average is $89.32 and its 200 day moving average is $84.18. The firm has a market capitalization of $32.67 billion, a PE ratio of 20.83 and a beta of 0.71. Deere & Company has a 12-month low of $70.16 and a 12-month high of $104.83.

Deere & Company (NYSE:DE) last posted its quarterly earnings results on Wednesday, November 23rd. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.40 by $0.50. The business earned $6.52 billion during the quarter. Deere & Company had a net margin of 5.72% and a return on equity of 21.54%. The business’s revenue for the quarter was down 4.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.08 earnings per share.

The company also recently declared a quarterly dividend, which was paid on Tuesday, November 1st. Shareholders of record on Friday, September 30th were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date was Wednesday, September 28th. Deere & Company’s dividend payout ratio (DPR) is currently 49.90%.

In other Deere & Company news, insider John C. May II sold 18,614 shares of the company’s stock in a transaction that occurred on Wednesday, November 23rd. The stock was sold at an average price of $96.46, for a total transaction of $1,795,506.44. Following the completion of the transaction, the insider now owns 28,926 shares of the company’s stock, valued at approximately $2,790,201.96. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 0.75% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Deere & Company by 1.5% in the second quarter. Vanguard Group Inc. now owns 17,767,247 shares of the company’s stock worth $1,439,858,000 after buying an additional 265,118 shares during the period. FMR LLC increased its position in Deere & Company by 37.2% in the second quarter. FMR LLC now owns 9,139,259 shares of the company’s stock worth $740,647,000 after buying an additional 2,477,175 shares during the period. Generation Investment Management LLP increased its stake in Deere & Company by 12.8% in the third quarter. Generation Investment Management LLP now owns 6,838,253 shares of the company’s stock valued at $583,645,000 after buying an additional 775,827 shares during the last quarter. First Eagle Investment Management LLC increased its stake in Deere & Company by 20.4% in the third quarter. First Eagle Investment Management LLC now owns 6,325,129 shares of the company’s stock valued at $539,850,000 after buying an additional 1,072,390 shares during the last quarter. Finally, Primecap Management Co. CA increased its stake in Deere & Company by 3.1% in the second quarter. Primecap Management Co. CA now owns 5,451,419 shares of the company’s stock valued at $441,783,000 after buying an additional 164,900 shares during the last quarter. 71.68% of the stock is owned by hedge funds and other institutional investors.

Deere & Company Company Profile

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