Deere & Company (DE) to Release Earnings on Thursday

Deere & Company (NYSE:DE - Get Free Report) is scheduled to be announcing its earnings results before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $3.90 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Deere & Company (NYSE:DE - Get Free Report) last released its quarterly earnings data on Thursday, August 15th. The industrial products company reported $6.29 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $5.63 by $0.66. Deere & Company had a net margin of 14.69% and a return on equity of 36.71%. The company had revenue of $11.39 billion for the quarter, compared to analysts' expectations of $10.94 billion. During the same quarter in the prior year, the firm earned $10.20 EPS. The business's revenue was down 20.3% on a year-over-year basis. On average, analysts expect Deere & Company to post $25 EPS for the current fiscal year and $22 EPS for the next fiscal year.

Deere & Company Stock Up 1.3 %

DE stock traded up $5.23 during trading on Thursday, reaching $394.68. 1,224,979 shares of the stock were exchanged, compared to its average volume of 1,432,701. The firm has a market cap of $107.98 billion, a P/E ratio of 13.29, a price-to-earnings-growth ratio of 1.50 and a beta of 0.93. Deere & Company has a twelve month low of $340.20 and a twelve month high of $420.47. The firm's 50 day moving average is $403.47 and its 200 day moving average is $385.64. The company has a current ratio of 2.07, a quick ratio of 1.87 and a debt-to-equity ratio of 1.85.

Deere & Company Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 8th. Shareholders of record on Monday, September 30th were paid a dividend of $1.47 per share. The ex-dividend date was Monday, September 30th. This represents a $5.88 dividend on an annualized basis and a yield of 1.49%. Deere & Company's dividend payout ratio (DPR) is presently 20.06%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Bank of America upped their target price on shares of Deere & Company from $400.00 to $410.00 and gave the stock a "neutral" rating in a report on Friday, August 16th. Evercore ISI upped their price target on Deere & Company from $371.00 to $378.00 and gave the stock an "in-line" rating in a report on Monday, August 19th. BMO Capital Markets assumed coverage on Deere & Company in a research note on Friday, August 9th. They set a "market perform" rating and a $400.00 price objective on the stock. Truist Financial upped their target price on shares of Deere & Company from $443.00 to $496.00 and gave the stock a "buy" rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. boosted their price objective on Deere & Company from $360.00 to $420.00 and gave the stock a "neutral" rating in a research report on Friday, October 11th. Twelve research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, Deere & Company has an average rating of "Hold" and a consensus price target of $420.69.

About Deere & Company

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.