Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Deere & Company    DE

Delayed Quote. Delayed  - 11/17 10:00:47 pm
135.77 USD   +0.86%
11/17DEERE & COMPANY : annual earnings release
11/16 DEERE MPANY : Tillage tools feature TruSet Technology
11/16 DEERE MPANY : John Deere is taking tillage to new depths
SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets

Deere mpany : Shares Jump as Demand Improves

share with twitter share with LinkedIn share with facebook
share via e-mail
0
05/19/2017 | 01:55pm CET
By Austen Hufford 

Deere & Co. sharply raised its sales growth and profit forecasts for this year as the world's largest farm-equipment manufacturer said it saw modestly higher demand.

Shares rose 7% in premarket trading as the company topped profit expectations in its second quarter.

For the year, the company now expects revenue to grow about 9%, up from 4% expected previously, and net income of about $2 billion, up from the $1.5 billion expected before. The spring quarter is typically Deere's best of the year as farmers purchase equipment or replacement parts in advance of the spring planting season.

The Moline, Ill.-based company also said it saw a strong recovery from farm machinery sales in South America and that overall market conditions showed further signs of stabilization.

Still, equipment net sales in the U.S. and Canada fell 5% for the quarter as international sales increased 14%.

For the quarter ended April 30, sales of Deere's farm machinery rose 2.2% from a year earlier to $7.26 billion, as sales of construction and forestry equipment grew 0.9% during the quarter to $1.47 billion.

In all for the second quarter, Deere reported a profit of $802.4 million, or $2.49 a share, up from $495.4 million, or $1.56 a share, a year earlier.

Total revenue rose 2.8% to $8 billion. Total equipment sales for the quarter rose 2.2% to $7.26 billion. Analysts had forecast earnings of $1.68 with $7.32 billion of equipment sales.

Write to Austen Hufford at [email protected]

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEERE & COMPANY
11/17DEERE & COMPANY : annual earnings release
11/16 DEERE MPANY : Tillage tools feature TruSet Technology
11/16 DEERE MPANY : John Deere is taking tillage to new depths
11/15 U.S. delivery companies dig deep to hire holiday season help
11/15 DEERE & CO : Regulation FD Disclosure (form 8-K)
11/15 DEERE MPANY : Ag-Pro Expansion to 55 Locations Includes Neuhaus & Company and Fr..
11/14 DEERE MPANY : 24-- Cabbed Tractor with Loader and Trade-in of Tracked JD8310RT T..
11/13 DEERE MPANY : Crime stopper
11/13 DEERE MPANY : No decision on 2 new road graders
11/11 DEERE MPANY : Ag company could bring 500 jobs to area
More news
News from SeekingAlpha
11/18 Stocks to watch next week
11/13 Dealing With The 'Problem' Of Owning Overvalued Dividend Growth Stocks
11/10 Where Will Uber And Driverless Technology Take Us?
11/10 95 Dividend Growth Stocks Going Ex-Dividend Next Week
11/04 2 New Watch Lists
Financials ($)
Sales 2017 25 702 M
EBIT 2017 2 760 M
Net income 2017 2 033 M
Debt 2017 31 003 M
Yield 2017 1,76%
P/E ratio 2017 21,63
P/E ratio 2018 19,97
EV / Sales 2017 2,90x
EV / Sales 2018 2,53x
Capitalization 43 622 M
Chart DEERE & COMPANY
Duration : Period :
Deere & Company Technical Analysis Chart | DE | US2441991054 | 4-Traders
Technical analysis trends DEERE & COMPANY
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 21
Average target price 133 $
Spread / Average Target -2,4%
EPS Revisions
Managers
NameTitle
Samuel R. Allen Chairman & Chief Executive Officer
Rajesh Kalathur Chief Financial Officer & Senior Vice President
Ganesh Jayaram Vice President-Information Technology
John C. May Chief Information Officer
Vance D. Coffman Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
DEERE & COMPANY31.76%43 622
TORO CO10.40%6 657
XINJIANG MACHINERY RESEARCH INST CO LTD--.--%2 572
ALAMO GROUP, INC.47.45%1 318
ESCORTS LIMITED133.36%1 308
TURK TRAKTOR VE ZIRAAT MAKINELERI AS--.--%1 047