Equities analysts expect Deere & Company (NYSE:DE) to report sales of $10.22 billion for the current quarter, Zacks reports. Four analysts have made estimates for Deere & Company’s earnings, with estimates ranging from $10.17 billion to $10.28 billion. Deere & Company posted sales of $9.75 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.8%. The firm is scheduled to issue its next quarterly earnings results on Friday, May 17th.

On average, analysts expect that Deere & Company will report full-year sales of $35.68 billion for the current fiscal year, with estimates ranging from $35.54 billion to $35.81 billion. For the next fiscal year, analysts forecast that the company will post sales of $37.08 billion, with estimates ranging from $36.67 billion to $37.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Deere & Company.

Deere & Company (NYSE:DE) last announced its earnings results on Friday, February 15th. The industrial products company reported $1.54 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.76 by ($0.22). Deere & Company had a net margin of 8.85% and a return on equity of 28.83%. The business had revenue of $6.94 billion for the quarter, compared to analysts’ expectations of $6.83 billion. During the same quarter last year, the firm earned $1.31 EPS. The firm’s quarterly revenue was up 16.2% on a year-over-year basis.

Several research analysts have issued reports on DE shares. Zacks Investment Research lowered Deere & Company from a “hold” rating to a “sell” rating in a research report on Tuesday, November 20th. Cfra set a $158.00 price target on Deere & Company and gave the company a “hold” rating in a report on Wednesday, November 21st. William Blair reiterated a “hold” rating on shares of Deere & Company in a report on Friday, November 23rd. Robert W. Baird set a $165.00 price target on Deere & Company and gave the company a “buy” rating in a report on Friday, November 23rd. Finally, UBS Group set a $177.00 price target on Deere & Company and gave the company a “buy” rating in a report on Friday, November 23rd. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $176.73.

In related news, insider John C. May II sold 11,661 shares of the business’s stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $160.21, for a total value of $1,868,208.81. Following the completion of the transaction, the insider now owns 55,743 shares of the company’s stock, valued at $8,930,586.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.71% of the company’s stock.

A number of large investors have recently modified their holdings of DE. Oregon Public Employees Retirement Fund increased its position in shares of Deere & Company by 14,550.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,214,983 shares of the industrial products company’s stock worth $35,000 after purchasing an additional 5,179,386 shares in the last quarter. Norges Bank acquired a new position in shares of Deere & Company in the 4th quarter valued at $582,245,000. Packer & Co Ltd increased its position in shares of Deere & Company by 625.9% in the 4th quarter. Packer & Co Ltd now owns 1,239,800 shares of the industrial products company’s stock valued at $25,476,000 after acquiring an additional 1,069,015 shares during the period. Standard Life Aberdeen plc increased its position in shares of Deere & Company by 532.2% in the 3rd quarter. Standard Life Aberdeen plc now owns 832,656 shares of the industrial products company’s stock valued at $125,190,000 after acquiring an additional 700,946 shares during the period. Finally, Morgan Stanley increased its position in shares of Deere & Company by 56.1% in the 3rd quarter. Morgan Stanley now owns 1,874,873 shares of the industrial products company’s stock valued at $281,850,000 after acquiring an additional 674,058 shares during the period. 66.80% of the stock is owned by institutional investors.

Shares of NYSE:DE traded up $0.53 during trading hours on Tuesday, hitting $158.29. 16,111 shares of the company’s stock traded hands, compared to its average volume of 2,239,850. Deere & Company has a 1 year low of $128.32 and a 1 year high of $167.82. The firm has a market capitalization of $50.69 billion, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.66 and a beta of 0.91. The company has a debt-to-equity ratio of 2.46, a current ratio of 1.98 and a quick ratio of 1.68.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 1st. Investors of record on Friday, March 29th will be paid a $0.76 dividend. This represents a $3.04 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend is Thursday, March 28th. Deere & Company’s dividend payout ratio (DPR) is 32.37%.

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 manufacturing of full line of agriculture and turf equipment and related service parts.

Further Reading: Net Margin

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