Deere and Company to Release First Quarter Financial Results

Andrew Cummings
February 17, 2017

Deere & Company is expected to lift sales by 4.16% in next year to $24.26B. The price moves in Deere & Company post earnings have produced an average increase of 3.73% and an average increase of 4.8% on next day and seventh day, sequentially. Full-year sales forecasts are pegged at $23.29B, representing a drop of almost -0.43% over last fiscal year's revenues of $23.39B.

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Deere & Company as 4.67 Billion.

"Deere & Company (DE) Upgraded by Vetr Hold" was first published by The Cerbat Gem and is the property of of The Cerbat Gem. Investors of record on Friday, December 30th were given a dividend of $0.60 per share. Deere & Co.'s dividend payout ratio (DPR) is presently 49.90%. Following the completion of the transaction, the insider now directly owns 96,855 shares of the company's stock, valued at $9,847,247.85. Viking Global Investors LP purchased a new stake in Deere & Company during the fourth quarter valued at $959,411,000. The stock had jumped 2.9% had as of 7:48 a.m. ET at $112.37 a share. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Deere & Company by 1,983.4% in the third quarter. L P raised its stake in Deere & Company by 22.6% in the fourth quarter. The Stock now has a Weekly Volatility of 1.48% and Monthly Volatility of 1.13%.

Many analysts are providing their Estimated Earnings analysis for Deere & Company and for the current quarter 20 analysts have projected that the stock could give an Average Earnings estimate of $0.54/share. (NYSE:TPX) is expected to report revenue of $689.95 Million for the current quarter, according to consensus estimate of 5 analysts. (NYSE:DE) last posted its quarterly earnings data on Wednesday, November 23rd. FineMark National Bank & Trust now owns 1,451 shares of the company's stock worth $118,000 after buying an additional 26 shares during the period.

But higher warranty costs and effective tax rate, along with voluntary employee separation program (started to reduce operating costs), resulted in net income from the equipment operations dropping to $80 million, compared to $127 million in Q1 2016. The Company is engaged in providing financial services. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

Sales of Deere construction and forestry equipment dropped 6% during the quarter to $1.1 billion as operating income plunged 51% to $34 million.

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