Wall Street analysts expect that Deere & Company (NYSE:DE) will report $3.26 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Deere & Company’s earnings, with the highest EPS estimate coming in at $3.55 and the lowest estimate coming in at $2.98. Deere & Company reported earnings of $2.49 per share in the same quarter last year, which would indicate a positive year over year growth rate of 30.9%. The firm is scheduled to issue its next earnings results on Friday, May 18th.
On average, analysts expect that Deere & Company will report full-year earnings of $9.30 per share for the current fiscal year, with EPS estimates ranging from $8.00 to $10.00. For the next fiscal year, analysts expect that the business will report earnings of $11.19 per share, with EPS estimates ranging from $9.82 to $12.00. Zacks’ EPS averages are an average based on a survey of analysts that follow Deere & Company.
Deere & Company (NYSE:DE) last issued its quarterly earnings results on Friday, February 16th. The industrial products company reported $1.31 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.15. Deere & Company had a return on equity of 27.18% and a net margin of 4.57%. The firm had revenue of $5.97 billion for the quarter, compared to the consensus estimate of $6.41 billion. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue for the quarter was up 27.2% on a year-over-year basis.
Shares of Deere & Company (NYSE DE) traded up $2.07 during midday trading on Thursday, hitting $164.16. The stock had a trading volume of 1,904,839 shares, compared to its average volume of 2,610,000. The company has a debt-to-equity ratio of 2.85, a quick ratio of 1.69 and a current ratio of 1.98. Deere & Company has a 12-month low of $106.72 and a 12-month high of $175.26. The stock has a market capitalization of $53,070.00, a P/E ratio of 24.57, a price-to-earnings-growth ratio of 2.40 and a beta of 0.75.
The business also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Friday, December 29th were issued a $0.60 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.46%. Deere & Company’s dividend payout ratio is presently 35.93%.
In other news, VP Mary K.W. Jones sold 34,136 shares of Deere & Company stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $124.72, for a total value of $4,257,441.92. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Rajesh Kalathur sold 4,519 shares of Deere & Company stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $148.92, for a total value of $672,969.48. Following the completion of the transaction, the chief financial officer now owns 36,288 shares in the company, valued at $5,404,008.96. The disclosure for this sale can be found here. Insiders sold a total of 239,872 shares of company stock worth $36,859,369 over the last quarter. Company insiders own 0.74% of the company’s stock.
Several large investors have recently made changes to their positions in the company. Capital International Investors boosted its position in shares of Deere & Company by 35.4% in the 3rd quarter. Capital International Investors now owns 8,807,474 shares of the industrial products company’s stock worth $1,106,131,000 after purchasing an additional 2,300,531 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Deere & Company by 21.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 3,621,764 shares of the industrial products company’s stock worth $454,857,000 after purchasing an additional 634,001 shares in the last quarter. Lazard Asset Management LLC boosted its position in shares of Deere & Company by 11.4% in the 4th quarter. Lazard Asset Management LLC now owns 2,740,365 shares of the industrial products company’s stock worth $428,894,000 after purchasing an additional 280,750 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Deere & Company by 128.2% in the 3rd quarter. Janus Henderson Group PLC now owns 2,587,339 shares of the industrial products company’s stock worth $324,942,000 after purchasing an additional 1,453,754 shares in the last quarter. Finally, Legal & General Group Plc boosted its position in shares of Deere & Company by 2.3% in the 3rd quarter. Legal & General Group Plc now owns 1,660,073 shares of the industrial products company’s stock worth $208,473,000 after purchasing an additional 36,865 shares in the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.
About Deere & Company
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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