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  - 07/21 10:01:24 pm
125.75 USD   +0.12%
12:25a DEERE MPANY : Saddle up for the Golan Country Festival
07/21 DEERE MPANY : Right to repair
07/20 DEERE MPANY : Shades of paint
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 CEST
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 austen.hufford@wsj.com

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on DEERE & COMPANY
12:25a DEERE MPANY : Saddle up for the Golan Country Festival
07/21 DEERE MPANY : Fremont County Farmer, Chris Teachout, Named Iowa Conservation Far..
07/21 DEERE MPANY : Right to repair
07/20 DEERE MPANY : Patent Issued for Mulch Kit Control Lever (USPTO 9699963)
07/20 DEERE MPANY : Patent Issued for Mower Deck Spindle Cover (USPTO 9699966)
07/20 DEERE MPANY : Combined Synopsis/Solicitation - NCAO Utility Tractor - John Deere..
07/20 DEERE MPANY : Combine Solicitation - NCAO Utility Tractor - John Deere 210L
07/20 DEERE MPANY : Shades of paint
07/20 DEERE MPANY : MoDOT invites City Council to upcoming public meeting
07/19 DEERE MPANY : Service for maintenance of combine harvester John-Deere 9640i
More news
News from SeekingAlpha
07/21 No Fruitful Harvest For Farmland Partners
07/19 BRIGGS & STRATTON : American Icon Trading At A Discount
07/18 Bank of John Deere - WSJ
07/17 WASDE Comes At An Auspicious Time This July
07/12 Deere dips after June retail sales
Financials ($)
Sales 2017 25 449 M
EBIT 2017 2 883 M
Net income 2017 1 877 M
Debt 2017 30 663 M
Yield 2017 1,91%
P/E ratio 2017 20,47
P/E ratio 2018 18,83
EV / Sales 2017 2,78x
EV / Sales 2018 2,69x
Capitalization 40 175 M
Chart DEERE & COMPANY
Duration : Period :
Deere & Company Technical Analysis Chart | DE | US2441991054 | 4-Traders
Technical analysis trends DEERE & COMPANY
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 132 $
Spread / Average Target 5,0%
EPS Revisions
Managers
NameTitle
Samuel R. Allen Chairman & Chief Executive Officer
Rajesh Kalathur CFO, CAO & Senior Vice President
Ganesh Jayaram Vice President-Information Technology
John C. May Chief Information Officer
Patrick W. Webber Vice President-Information Technology
Sector and Competitors
1st jan.Capitalization (M$)
DEERE & COMPANY21.89%40 175
CATERPILLAR16.29%63 228
KOMATSU LTD12.87%25 692
PACCAR7.28%24 080
KUBOTA CORP15.56%21 249
CNH INDUSTRIAL26.32%15 974