Breaking News Bar

Business News and Information

Company Update: Deere & Company (NYSE:DE) – John Deere Enhances Residential Mowers for a Quick, Quality Cut

[PR Newswire] – CARY, N.C., March 2, 2016 /PRNewswire/ — This spring, John Deere introduces updates to its extensive residential mower line, ensuring homeowners achieve a quick, quality cut each time they mow. Updates … Read more on this. Deere & Company (DE) , valued at $25.95B, started trading this morning at $80.64. Looking at today’s market, DE one day range is $80.16 to $82.06 with a trailing 52-week range being $70.16 to $98.23. DE shares are currently priced at 19.77x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.12x forward p/e ratio. The company pays shareholders $2.40 per share annually in dividends, yielding 3.02%. According to a consensus of 20 analysts, the earnings estimate of $1.48 per share would be $0.55 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $4.10, which would be a $1.67 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $6.70 Billion. If reported, that would be a 9.46% decrease over the year-ago quarter. Recently, Argus upgraded DE from Hold to Buy (Feb 24, 2016). Previously, Societe Generale Initiated DE at to Hold. The average price target for DE shares is $75.67, which is 6.16% below where the stock opened this morning. See more in (NYSE:DE) Similar Articles: Stock Update: Deere & Company (NYSE:DE) – Deere announces factory workforce adjustments Stock Update (NYSE:DE): John Deere and the Climate Corporation Expand Precision and Digital Agriculture Options for Farmers Market Update: Deere & Company (NYSE:DE) – Deere, DN2K form joint venture with focus on decision making tools for agriculture advisers
Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
bottom clear