LONDON, UK / ACCESSWIRE / September 8, 2017 / Pro-Trader Daily has just published a free post-earnings coverage on Deere & Co. (NYSE: DE) ("Deere"), which can be viewed by registering at http://protraderdaily.com/optin/?symbol=DE, following the Company's reporting of its financial results on August 18, 2017, for the third quarter of the fiscal year 2017. The Company's total revenue increased 16% on a y-o-y basis. Our daily stock reports are accessible for free, and with those to look forward today you also will be signing up for a complimentary member's account at:

http://protraderdaily.com/register/

At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on DE. With the links below you can directly download the report of your stock of interest free of charge at:

http://protraderdaily.com/optin/?symbol=DE

Earnings Reviewed

For the three months ended July 30, 2017, Deere's total revenue increased 16% to $7.81 billion from $6.72 billion in Q3 FY16. During Q3 FY17, the Company's equipment operations revenue increased 17% to $6.83 billion from $5.86 billion in Q3 FY16. The equipment operations revenue was below analysts' expectations of $6.89 billion.

For the reported quarter, the Company's R&D expenses decreased 1% to $335.4 million from $338.8 million in Q3 FY16. During Q3 FY17, Deere's selling, general, and administrative expenses (SG&A) increased 11.6% to 791.2 million from $709.0 million in Q3 FY16.

During Q3 FY17, Deere's operating income increased 22% to $995 million from $816 million in Q3 FY16. For the reported quarter, the Company's operating margin increased 60 basis points to 12.7% of revenue from 12.1% of revenue in Q3 FY16.

During Q3 FY17, Deere's net income increased 31% to $641.8 million on a y-o-y basis from $488.8 million in Q3 FY16. For the reported quarter, the Company's diluted earnings per share (EPS) increased 27.1% to $1.97 on a y-o-y basis from $1.55 in Q3 FY16. The diluted EPS surpassed analysts' expectations of $1.93.

Segment Details

Equipment Operations - During Q3 FY17, Deere's Equipment Operations segment's total revenue increased 16.9% to $7.12 billion from $6.09 billion in Q3 FY16. For the reported quarter, the segment's operating expenses increased 15.2% to $6.43 billion from $5.58 billion in Q3 FY16. During Q3 FY17, the segment's net income increased 31.3% to $641.8 million from $488.8 million in the same period of last year. For the reported quarter, the segment's total assets increased 13.5% to $29.20 billion from $25.73 billion in Q3 FY16.

Financial Services - During Q3 FY17, Deere's Financial Services segment's total revenue increased 12.5% to $808.2 million from $718.6 million in Q3 FY16. For the reported quarter, the segment's operating expenses increased 15.4% to $608.3 million from $527.3 million in Q3 FY16. During Q3 FY17, the segment's net income increased 4.2% to $131.2 million from $125.9 million in the same period of last year. For the reported quarter, the segment's total assets increased 1.6% to $42.26 billion from $41.58 billion in Q3 FY16.

Balance Sheet

As on July 30, 2017, Deere's cash and cash equivalents increased 51.4% to $6.54 billion from $4.32 billion in Q3 FY16. During Q3 FY17, the Company's inventories increased 10.4% to $4.25 billion from $3.85 billion in Q3 FY16.

During Q3 FY17, the Company's long-term debt decreased 1.7% to $23.67 billion from $24.07 billion in Q3 FY16. During FY17, Deere's YTD cash provided by operating activities was $729.3 million compared to $1.32 billion in the same period of last year.

Outlook

For FY17, Deere expects total equipment revenue growth to be 10% and net sales growth to be 11%.

The Company estimates net income of $2.08 billion for the fiscal year 2017.

Stock Performance

At the closing bell, on Thursday, September 07, 2017, Deere's stock rose slightly by 0.09%, ending the trading session at $116.33. A total volume of 2.88 million shares have exchanged hands, which was higher than the 3-month average volume of 2.44 million shares. The Company's stock price soared 6.16% in the past six months and 38.46% in the previous twelve months. Moreover, the stock surged 12.90% since the start of the year. The stock is trading at a PE ratio of 19.49 and has a dividend yield of 2.06%. The stock currently has a market cap of $37.32 billion.

Pro-Trader Daily:

Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: contact@protraderdaily.com

Phone number: (917) 341.4653

Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Pro-Trader Daily