Equities research analysts expect that Deere & Company (NYSE:DE) will announce sales of $8.59 billion for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Deere & Company’s earnings. The lowest sales estimate is $8.54 billion and the highest is $8.66 billion. Deere & Company posted sales of $7.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 21.2%. The company is scheduled to issue its next earnings report on Wednesday, November 28th.

On average, analysts expect that Deere & Company will report full-year sales of $33.64 billion for the current year, with estimates ranging from $33.55 billion to $33.79 billion. For the next financial year, analysts expect that the firm will report sales of $36.15 billion, with estimates ranging from $35.48 billion to $36.88 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Deere & Company.

Deere & Company (NYSE:DE) last issued its quarterly earnings results on Friday, August 17th. The industrial products company reported $2.59 earnings per share for the quarter, missing the Thomson Reuters’ 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 business had revenue of $9.29 billion during the quarter, compared to analyst estimates of $9.18 billion. During the same quarter last year, the company posted $1.97 EPS. Deere & Company’s quarterly revenue was up 35.9% compared to the same quarter last year.

DE has been the topic of a number of analyst reports. Stifel Nicolaus dropped their price objective on shares of Deere & Company from $193.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 20th. JPMorgan Chase & Co. set a $145.00 price objective on shares of Deere & Company and gave the stock a “hold” rating in a research note on Monday, August 13th. OTR Global cut shares of Deere & Company to a “$139.21” rating in a research note on Wednesday, July 18th. Wells Fargo & Co dropped 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 note on Monday, August 20th. Finally, Citigroup dropped their price objective on shares of Deere & Company from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, June 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and fifteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $177.75.

NYSE:DE traded up $1.95 during midday trading on Friday, hitting $148.42. The company’s stock had a trading volume of 1,879,523 shares, compared to its average volume of 2,618,000. Deere & Company has a fifty-two week low of $127.38 and a fifty-two week high of $175.26. 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 company has a market cap of $48.36 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 2.79 and a beta of 0.87.

The business also recently declared a quarterly dividend, which will be paid on Thursday, November 1st. Investors of record on Friday, September 28th will be paid a $0.69 dividend. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $2.76 dividend on an annualized basis and a yield of 1.86%. Deere & Company’s dividend payout ratio is currently 41.32%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Fiera Capital Corp lifted its holdings in Deere & Company by 38.6% in the 1st quarter. Fiera Capital Corp now owns 2,488 shares of the industrial products company’s stock valued at $386,000 after purchasing an additional 693 shares in the last quarter. BB&T Securities LLC lifted its holdings in Deere & Company by 17.3% in the 1st quarter. BB&T Securities LLC now owns 70,051 shares of the industrial products company’s stock valued at $10,880,000 after purchasing an additional 10,341 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Deere & Company by 2.0% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 40,981 shares of the industrial products company’s stock valued at $6,365,000 after purchasing an additional 807 shares in the last quarter. Baird Financial Group Inc. lifted its holdings in Deere & Company by 4.2% in the 1st quarter. Baird Financial Group Inc. now owns 36,762 shares of the industrial products company’s stock valued at $5,710,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Commonwealth Equity Services LLC lifted its holdings in Deere & Company by 2.0% in the 1st quarter. Commonwealth Equity Services LLC now owns 104,714 shares of the industrial products company’s stock valued at $16,264,000 after purchasing an additional 2,096 shares in the last quarter. 66.40% of the stock is currently owned by hedge funds and other institutional investors.

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 and Estimates for Deere & Company (NYSE:DE)

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