Deere & Company (DE) Scheduled to Post Earnings on Thursday

Deere & Company (NYSE:DE) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, May 16th. Analysts expect the company to announce earnings of $7.83 per share for the quarter.

Deere & Company (NYSE:DE) last announced its quarterly earnings data on Thursday, February 15th. The industrial products company reported $6.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $5.19 by $1.04. The company had revenue of $10.49 billion during the quarter, compared to analysts’ expectations of $10.30 billion. Deere & Company had a net margin of 16.38% and a return on equity of 44.60%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.55 EPS. On average, analysts expect Deere & Company to post $27 EPS for the current fiscal year and $27 EPS for the next fiscal year.

Deere & Company Trading Up 0.0 %

Shares of DE opened at $405.43 on Thursday. The stock has a market capitalization of $112.85 billion, a P/E ratio of 11.80, a PEG ratio of 1.51 and a beta of 1.04. The company has a quick ratio of 1.81, a current ratio of 2.05 and a debt-to-equity ratio of 1.81. The firm has a fifty day simple moving average of $393.13 and a two-hundred day simple moving average of $384.23. Deere & Company has a twelve month low of $345.55 and a twelve month high of $450.00.

Deere & Company Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 8th. Shareholders of record on Friday, March 29th were given a dividend of $1.47 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $5.88 annualized dividend and a yield of 1.45%. Deere & Company’s payout ratio is currently 17.12%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DE. JPMorgan Chase & Co. increased their price target on shares of Deere & Company from $415.00 to $425.00 and gave the company a “neutral” rating in a research report on Friday, April 12th. Citigroup dropped their price target on shares of Deere & Company from $450.00 to $435.00 and set a “buy” rating for the company in a research report on Friday, February 16th. Truist Financial started coverage on shares of Deere & Company in a report on Thursday, March 14th. They issued a “buy” rating and a $494.00 price objective for the company. Evercore ISI upped their price objective on shares of Deere & Company from $381.00 to $387.00 and gave the stock an “in-line” rating in a report on Tuesday, February 20th. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Deere & Company from $425.00 to $401.00 and set a “hold” rating for the company in a report on Friday, February 16th. Ten investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $433.28.

Deere & Company Company Profile

Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including sprayers and nutrient management, and soil preparation machinery for grain growers.