|Bid||137.29 x 800|
|Ask||137.33 x 800|
|Day's Range||136.36 - 138.12|
|52 Week Range||112.87 - 175.26|
|PE Ratio (TTM)||24.70|
|Earnings Date||Aug 17, 2018|
|Forward Dividend & Yield||2.76 (1.91%)|
|1y Target Est||180.76|
In the previous part, we looked at analysts’ recommendations for Deere (DE). In this part, we’ll compare Deere’s valuation with its peer.
Since the last quarter, the number of analysts tracking Deere has remained unchanged at 23. For Deere, 65% of the analysts have a “buy” recommendation, 31% of the analysts have a “hold” recommendation, and 4% of the analysts have a “sell” recommendation.
Shares of Deere & Company (DE) sunk over 2% through early afternoon trading Wednesday in a sign that investors might be nervous about the firm ahead of its quarterly earnings release, which is scheduled for Friday. Unfortunately, Deere's dip is part of a much larger decline over the last six months. Yet, Deere's top and bottom lines are projected to soar this quarter.
Deere (DE) is expected to post an adjusted EPS of $2.75 for the third fiscal quarter—an increase of 44% on a YoY (year-over-year) basis. In the third fiscal quarter of 2017, Deere reported an adjusted EPS of $1.91. Deere didn’t meet analysts’ expectations in the previous quarter.
Deere (DE) is expected to report revenues of $9.21 billion in the third fiscal quarter from its equipment operations. In the third fiscal quarter of 2017, Deere reported revenues of $6.83 billion from equipment operations. If Deere meets the revenue expectations, it would be the highest third-quarter revenues since the third fiscal quarter of 2013.
Deere (DE) is scheduled to announce its third fiscal quarter earnings on August 17 before the market opens. The announcement will be followed by a conference call at 10:00 AM EST. In this series, we’ll analyze Deere’s stock performance since it announced its second-quarter earnings on May 18. We’ll discuss analysts’ earnings and revenue expectations for the third quarter. We’ll also provide insight into analysts’ recommendations and valuations.
On August 7, Stanley Black & Decker (SWK) announced that it signed a definitive agreement to acquire International Equipment Solutions Attachments Group. The deal is valued at ~$690 million in cash. Stanley Black & Decker is expected to fund the acquisition through cash in hand and proceeds from borrowings. However, the company didn’t state when the acquisition will be complete.
UBS analysts identified 34 stocks in their coverage universe most vulnerable to trade wars, and these stocks have trailed the S&P 500 by about 4.5 percent since March. UBS analysts say escalation of trade wars could impact earnings growth and send stock prices lower. UBS analysts said the stocks in their coverage universe most impacted by trade tensions have underperformed the S&P 500 by about 4.5 percent since trade frictions began to intensify in mid-March.
DowDuPont’s (DWDP) Material Science segment, which will be spun off and called Dow by the end of Q1 2019, accounted for 51.9% of DWDP’s total revenues in Q2 2018. The Materials Science segment revenue increase was primarily driven by double-digit growth across all the businesses under this segment.
Drug safety scandals in recent weeks have underlined the risks to international consumers posed by weak oversight in China, the world’s largest supplier of active pharmaceutical ingredients. The European Medicines Agency and the US Food and Drug Administration issued alerts over a cancer-causing ingredient used in a blood pressure medication, supplied by Chinese company Zhejiang Huahai, resulting in a recall of affected drugs. doses had been sold in China, prompting a public outcry.
On July 31, Deere (DE) announced that it has entered into a definitive agreement to acquire PLA—an Argentinian-based company. PLA is a private company that manufactures agriculture sprayers, planters, and specialty products. PLA, which was founded in 1975, has manufacturing facilities in Las Rosas, Argentina, and Canoas, Brazil. PLA is active on four continents with ~450 employees. The acquisition helps Deere strengthen its position in Argentina. However, Deere didn’t disclose the financial aspects of the acquisition.
Investing.com - Real estate stocks surged in midday trading in the wake of solid quarterly results and a drop in interest rates.
The Trump administration, frustrated by a persistent trade deficit that exceeds $400 billion, has kicked off a trade war with the goal of reducing this imbalance over time while also protecting domestic industries, technologies and jobs, notes John Eade, analyst and director of research and market strategist with Argus Research, a leading independent Wall Street research firm. This latest round of tariffs involves numerous trading partners, including China, Canada, Mexico and the European Union. Consumers, companies and investors can count on several outcomes from a trade war.
MOLINE, Ill. , July 31, 2018 /PRNewswire/ -- Deere & Company (NYSE: DE) has signed a definitive agreement to acquire PLA, a privately-held manufacturer of sprayers, planters, and specialty products for ...
Caterpillar (CAT) reported revenue of $14.01 billion for Q2 2018 today, reflecting growth of 23.7% over Q2 2017. The company easily beat Wall Street analysts’ estimate of $13.88 billion. Continued demand across its primary reporting sector resulted in a higher sales volume, and favorable foreign currency on the back of the strong euro and Chinese yuan drove CAT’s overall revenue growth. Resource Industries recorded the highest revenue growth at 38%, followed by Construction Industries at 24% and Energy & Transportation at 20%.
Caterpillar (NYSE:CAT) reported earnings this morning and investors liked what they saw. CAT stock came into the earnings report up 24% in one year, so the setup for a dip was real. Management is still successfully executing on plans and they rarely give Wall Street a fundamental reason to sell the stock.
Reuters is reporting the tense rhetoric China's using with the US is creating a rift in the communist party. Yahoo Finance's Seana Smith, Dion Rabouin, Dan Robert and Ethan Wolff-Mann discuss.
China vows to stand up to President Trump's Tariff threat, saying it's not concerned about the short term economic impact. Yahoo Finance's Seana Smith, Andy Serwer and Dion Rabouin discuss.
President Trump is reportedly ready to slap a 25% tariff on $200B worth of Chinese goods. Yahoo Finance's Seana Smith, Dan Roberts, Dan Howely and Pras Subramanian discuss.