|Bid||28.76 x 1000|
|Ask||29.18 x 900|
|Day's Range||28.75 - 28.76|
|52 Week Range||24.78 - 30.14|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.89|
|Expense Ratio (net)||0.39%|
Deere Announces Regular Quarterly DividendDeere announces regular quarterly dividendIn a press release today, Deere (DE) announced the key dates for the first quarter of 2019’s dividend. To be eligible for this dividend, investors must hold Deere
Deere's Q1 Earnings: What Can Investors Expect?(Continued from Prior Part)Deere’s revenues Deere (DE) is expected to report revenues of $6.82 billion in the first quarter from its equipment operations. The figure doesn’t include the revenues from
Key Updates from the Industrial Sector Last Week (Continued from Prior Part) ## Deere gets six AE50 awards On January 10, 2019, Deere (DE) announced that it had received six AE50 awards. The reward is presented by the American Society of Agricultural and Biological Engineers for innovative product-engineering designs in agriculture. It recognizes 50 innovative products chosen by international engineering experts. Deere received awards for the following products: * Command Pro joystick for 6R tractors * Bale mobile app * 2660VT, a variable-intensity tillage tool * Tracks * 700FD Hydraflex Draper * a machine performance app that’s part of the Generation 4 command center These kinds of innovations help Deere to launch new products and further help farmers to save time, costs, and labor. Joel Dawson, director of production and precision agriculture for Deere, said, “This year’s AE50 Awards reaffirms the innovative spirit of our employees and illustrates our company’s commitment to bringing those linked to the land the most useful, high-quality products possible. Around the globe, John Deere engineers work tirelessly to create exciting new products and technology to benefit our customers.” ## Deere’s stock price Deere stock remained positive for the week. The stock gained ~4.4% and closed at $158.28 for the week ending January 11. The gains resulted in Deere trading 7.3% above its 100-day moving average price of $147.45. So far in 2019, Deere has gained ~9.0%. Deere’s peers Caterpillar (CAT), AGCO (AGCO), and CNH Industrial (CNHI) have fallen 5.2%, 13.3%, and 7.4%, respectively. Deere’s 14-day relative strength index score of 60 indicates that the stock isn’t overbought or oversold. Investors could hold Deere indirectly through the iShares MSCI Global Agriculture Producers ETF (VEGI), which had 15.2% of its portfolio invested in Deere as of January 11, 2019. Continue to Next Part Browse this series on Market Realist: * Part 1 - Honeywell to Collaborate with Optoro on Reverse Logistics * Part 3 - Cummins Announces CFO Change
Deere (DE) reported its earnings results for the fourth quarter of fiscal 2018 before the market opened on November 21. It reported adjusted EPS of $2.30, reflecting a rise of 46.5% YoY (year-over-year). In the fourth quarter of fiscal 2017, its adjusted EPS were $1.57.
Deere (DE) is expected to report Q4 revenues of $8.57 billion from its equipment operations. In the fourth quarter of fiscal 2017, Deere reported revenues of $7.09 billion from equipment operations. If Deere meets the revenue expectations, it would be the highest fourth-quarter revenues since the fourth quarter of fiscal 2013.
On November 7, John Deere (JD) announced that Pheasants Forever and Quail Forever will help improve wildlife habitats across the US. Deere also announced that it will provide discounts on purchases of select models of new equipment like compact utility tractors, riding mowers, rotary cutters, and other products to Pheasants Forever and Quail Forever.
On October 2, Deere (DE) announced senior leadership changes. The company’s senior management will undergo a planned retirement at the end of 2018. The changes will be effective on November 15.
On September 26, Deere (DE) announced that it completed the acquisition of PLA. Deere entered the definitive agreement to acquire PLA in July. Deere didn’t disclose the financial aspects of the takeover.
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To be eligible for this dividend, investors must hold Deere stock as of September 28. Deere is expected to pay dividends on November 1. At the end of Deere’s fiscal Q3 2018, there were 328 million outstanding shares.
On September 18, Deere announced the launch of the new L-series II and Wheeled Feller Bunchers. The new series has a simplified design and provides a more reliable solution. The new series maintained the productivity from the original line-up including hydraulic speed, large grapples, and weight distribution.
On September 14, Deere (DE) and Granular launched a farm management tool called “Profit Maps.” Profit Maps is a free tool that can be accessed through John Deere’s operations center. Profit Maps helps farmers by providing information about the average cost. The product also provides revenue profit map layers at the sub-field level.
On September 7, Deere & Company (DE) announced the product updates for the 310L EP backhoe and the 210L EP tractor loader. Deere stated that these enhancements are expected to improve productivity and trim operating costs.
On August 29, Deere announced the regular quarterly dividend on its outstanding shares. To be eligible for the dividend, investors should hold Deere shares as of September 28 in the company’s record. The dividend is expected to be paid on November 1. At the end of the third fiscal quarter, Deere had 328 million outstanding shares. Assuming no buyback happens, Deere will be paying ~$226.32 million in dividends to its shareholders.
Deere & Company (DE) announced its fiscal third-quarter earnings before the market opened on August 17. Its reported adjusted EPS was $2.59, an increase of 31.5% YoY (year-over-year).
Deere (DE) reported its Q3 2018 results on August 17 before the markets opened. Its adjusted EPS was $2.59, reflecting a growth of 31.5% YoY (year-over-year). In Q3 2017, its adjusted EPS was $1.97.
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.
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.
On May 30, Deere (DE) declared a dividend of $0.69 per share for shareholders as of June 29, which represents a 15% increase over its previous dividend of $0.60 per share. The last time DE increased its dividend was in Q3 2014. The dividend is expected to be paid on August 1.
Deere & Company (DE) announced its fiscal second-quarter earnings before the market opened on May 18. DE reported adjusted EPS (earnings per share) of $3.14, a 26.1% rise YoY (year-over-year). DE reported fiscal second-quarter SG&A expenses of $939.2 million, representing 9.6% of its equipment revenue compared to 11.8% in the second quarter of the previous fiscal year, implying a reduction of 120 basis points YoY.
Deere (DE) is scheduled to announce its fiscal second-quarter earnings on May 18 before the market opens. The announcement will be followed by a conference call. In this series, we’ll analyze Deere’s stock performance since it announced its first-quarter earnings on February 16. We’ll also discuss analysts’ earnings and revenue expectations for the second quarter.