February 25, 2017

Recent analysts Ratings: Deere & Company (NYSE:DE)

17 February 2017, 07:21 | Melvin Schneider

Deere announces first-quarter earnings; says business is 'solidly profitable'


While looking at the Stock's Performance, Deere & Company now shows a Weekly Performance of 0.05%, where Monthly Performance is 3.73%, Quarterly performance is 20.33%, 6 Months performance is 42.84% and yearly performance percentage is 39.76%. On average, equities research analysts forecast that Deere & Company will post $4.52 EPS for the current year. The disclosure for this sale can be found here.

Deere & Company (NYSE:DE) shows its Return on Assets (ROA) value of 2.6 percent, while the Return on Equity (ROE) value is 22 percent and Return on Investment (ROI) value stands at 5.3 percent. Based on the year-ago second quarter, that's a decline of about 2%, compared with the company's own forecast for a rise of about 1%. (DE) on Friday reported fiscal first-quarter results that topped expectations, boosted its sales outlook, and said there were signals of a rebound in some agricultural markets that have been hit hard by low crop prices.

A number of equities analysts recently commented on the stock. The institutional investor owned 1,822,152 shares of the company's stock after selling 1,090,714 shares during the period. First Eagle Investment Management LLC now owns 6,325,129 shares of the company's stock valued at $539,850,000 after buying an additional 1,072,390 shares in the last quarter. The Market Capitalization of the company stands at 34.42 Billion.

Among analysts who offered their Analysis on Deere & Company (NYSE:DE)-5 analysts issued Strong buy for the stock, 3 analysts have given a Buy rating, 11 think it's a HOLD, 3 reported it as Underperform, while 1 analyst issued a Sell rating. The stock tumbled -41.76 percent over the last 6 months.

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Full-year sales forecasts are pegged at $7.48B, representing a drop of almost -4.23% over last fiscal year's revenues of $7.81B. According to Zacks Investment Research, based on 1 analysts' forecasts, the consensus EPS forecast for the quarter is $-0.47.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 1st. Deere & Company's quarterly revenue was down 4.8% on a year-over-year basis. Investors of record on Friday, December 30th were issued a $0.60 dividend. The ex-dividend date was Wednesday, December 28th. This represents a $2.40 annualized dividend and a yield of 2.20%. Deere & Co.'s dividend payout ratio (DPR) is presently 49.90%.

Deere has struggled in light of a USA farming downturn that has weakened demand for its equipment.

With declining agricultural prices leading to weaker equipment sales, Deere has been sounding the alarm on a "global farming recession" over the past few quarters as an explanation of declining results. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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