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Market Update: Deere & Company (NYSE:DE) – John Deere ranked among America’s Best Employers

[PR Newswire] – MOLINE, Ill., March 24, 2016 /PRNewswire/ — John Deere (NYSE: DE) is among America’s Best Employers based on research conducted on behalf of Forbes magazine. In the 2016 results released today by Forbes, … Read more on this. Deere & Company (DE) , valued at $25.30B, opened this morning at $80.50. A quick look at the market, the company’s stock traded between $80.00 and $80.58 with a one year range of $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 14.06x earnings multiple. And for income investors, the company pays shareholders $2.40 per share annually in dividends, yielding 2.92%. In a review of the consensus earnings estimate this quarter, 20 sell-side analysts are looking at $1.48 per share, which would be $0.55 worse than the year-ago quarter and a $0.03 sequential decrease. The full-year EPS estimate is $4.09 which would be a $1.68 worse than last year’s full-year earnings. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $6.71 Billion. If realized, that would be a 9.32% 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. Investors should keep in mind is that the average price target is $75.90, which is 5.71% below where the stock opened this morning. See more in (NYSE:DE) Similar Articles: Company Update: Deere & Company (NYSE:DE) – John Deere Enhances Residential Mowers for a Quick, Quality Cut Stock Update: Deere & Company (NYSE:DE) – Deere announces factory workforce adjustments Market Update: Deere & Company (NYSE:DE) – Deere, DN2K form joint venture with focus on decision making tools for agriculture advisers
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