Deere & Company (DE) announced its most recent quarterly financial results on Wednesday, Nov-23-2016. DE said it had a profit of $0.90 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.51. Analysts had a consensus of $0.39. The company posted revenue of $5650.00 million in the period, compared to analysts expectations of $5363.20 million. DE’s revenue was down -4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 EPS.
Many Wall Street Analysts have commented on Deere & Company. Company shares were Upgraded by Robert W. Baird on Oct 31, 2016 to ” Outperform”, Firm has raised the Price Target to $ 100 from a previous price target of $86 .Deere & Company was Upgraded by Wells Fargo to ” Outperform” on Oct 10, 2016. Deutsche Bank Initiated Deere & Company on Sep 7, 2016 to “Hold”, Price Target of the shares are set at $90.
Deere & Company opened for trading at $91.69 and hit $92.19 on the upside on Monday, eventually ending the session at $91.96, with a gain of 0.21% or 0.19 points. The heightened volatility saw the trading volume jump to 23,98,470 shares. Company has a market cap of $28,914 M.
In a different news, on Dec 2, 2015, Rajesh Kalathur (Senior Vice President & CFO) sold 4,366 shares at $79.52 per share price. According to the SEC, on Jul 1, 2015, Jean H Gilles (Senior Vice President) sold 4,463 shares at $98.21 per share price. On Jun 30, 2015, Max A Guinn (President, WW C&F, Lbr Rltns) sold 14,374 shares at $97.32 per share price, according to the Form-4 filing with the securities and exchange commission.
Deere & Company is engaged in equipment operations and financial services. The Company operates through three business segments: agriculture and turf construction and forestry and financial services. The Company’s agriculture and turf segment primarily manufactures and distributes a full line of agriculture and turf equipment and related service parts. The Company’s construction and forestry segment primarily manufactures and distributes a range of machines and service parts used in construction earthmoving material handling and timber harvesting. The Company’s financial services segment primarily provides credit services which include finance sales and leases by John Deere dealers of new and used agriculture and turf equipment and construction and forestry equipment.