|Bid||156.51 x 1000|
|Ask||156.54 x 900|
|Day's Range||156.06 - 158.29|
|52 Week Range||128.32 - 169.96|
|Beta (3Y Monthly)||0.86|
|PE Ratio (TTM)||15.21|
|Earnings Date||May 17, 2019|
|Forward Dividend & Yield||3.04 (1.87%)|
|1y Target Est||176.00|
Deere & Co NYSE:DEView full report here! Summary * Perception of the company's creditworthiness is positive * ETFs holding this stock have seen outflows over the last one-month * Bearish sentiment is low Bearish sentimentShort interest | PositiveShort interest is low for DE with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Money flowETF/Index ownership | NegativeETF activity is negative. Over the last one-month, outflows of investor capital in ETFs holding DE totaled $13.93 billion. Additionally, the rate of outflows appears to be accelerating. Economic sentimentPMI by IHS Markit | NeutralAccording to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Industrials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. Credit worthinessCredit default swap | PositiveThe current level displays a positive indicator. DE credit default swap spreads are near the lowest level of the last one year and indicate improvement in the market's perception of the company's credit worthiness.Please send all inquiries related to the report to email@example.com.Charts and report PDFs will only be available for 30 days after publishing.This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
In fact, higher raw material and logistics costs as well as rising trade tensions between the U.S. and China weighed on the company's first-quarter earnings. Warning! GuruFocus has detected 4 Warning Signs with DE. Cash used in operations was $1.7 billion in the reported quarter.
Deere & Co. said farmers are delaying purchases of machinery as they wait for a resolution of trade standoffs between the U.S. and major foreign buyers of farm commodities such as China. The company said Friday that initial orders of tractors, combine harvesters and other equipment were weak, contributing to the lower-than-expected quarterly profits. The company said initial buying across its major equipment categories was flat or down moderately from last year.
Deere earnings missed Wall Street estimates on Friday, as the agricultural equipment maker blamed President Trump's tariffs and trade policies for uncertainty that led farmers to delay purchases.
Deere & Co's first-quarter earnings on Friday missed Wall Street's estimates, hurt by higher raw materials and logistics costs as well as by slowing trade between the United States and its partners, particularly China, sending its shares lower. Deere's shares were down more than 2 percent at $159.01 in midday trade. Hoping that the trade issue would be resolved soon, Deere built up roughly $1.3 billion in inventory in the first quarter from the previous quarter.
Investing.com - The Dow wrapped up the week in strong form Friday, notching an eighth-straight week of gains as optimism that the U.S. and China were closing in on a trade deal triggered a sea of green across Wall Street.
A Deere earnings miss for the company's fiscal first quarter of 2019 has the stock heading lower on Friday.Source: Ford8n via Flickr (Modified)Deere (NYSE:DE) reported earnings per share of $1.54 for its fiscal first quarter of the year. This is an increase over its earnings per share of $1.35 from the same time in 2018. However, it wasn't good news for DE stock by missing Wall Street's earnings per share estimate of $1.76 for the period.Net income reported in the Deere earnings release for its fiscal first quarter of 2019 comes in at $498 million. This is better than the company's net loss of $535 million reported in the same period of the year prior.InvestorPlace - Stock Market News, Stock Advice & Trading TipsDeere earnings for its fiscal first quarter of the year also includes operating income of $769 million. The manufacturer of tractors and farming equipment reported operating income of $636 million in its fiscal first quarter of the previous year.The Deere earnings report for its fiscal first quarter of 2019 also sees revenue coming in at $6.94 billion. This is up from the company's revenue of $5.97 billion reported during the same time last year. It also comes in above analysts' revenue estimate of $6.82 billion for the quarter, but wasn't enough to keep DE stock from falling today. * 10 Hot Stocks Leading the Market's Blitz Higher "Despite unsettled conditions in some of our key markets, Deere expects to achieve strong financial results in 2019," Samuel Allen, Chairman and CEO of Deere, said in a statement . "We are confident Deere is well-positioned to achieve its financial goals and firmly believe the company remains on track for delivering solid operating performance and significant value to customers and investors in the future."DE stock was down 2% as of Friday morning. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * Should You Buy, Sell, Or Hold These 7 Medical Cannabis Stocks? * 7 Strong Buy Stocks With Over 20% Upside * 7 Reasons Stock Buybacks Should Be Illegal As of this writing, William White did not hold a position in any of the aforementioned securities.Compare Brokers The post Deere Earnings: DE Stock Dips on Q1 Miss appeared first on InvestorPlace.
The world’s biggest agricultural equipment maker reported first-quarter results that missed analyst estimates for sales and profit. Chief Executive Officer Samuel Allen cited worries by farmers struggling with the impact of tariffs and trade spats with China and other nations. The trade issues "have weighed on market sentiment and caused farmers to become more cautious about making major purchases," Allen said Friday in a statement.
Deere & Co., a manufacturer that faces threats from both ends of a trade war, cited rising costs and anxious farmers as it reported a profit shortfall for the first quarter Friday. Shares bounced back from sharp premarket declines, however, on a relatively strong outlook, and hopes that tensions with China will recede. The U.S. and China will continue to try to hash out trade differences next week in Washington after two days of talks wrapped up Friday in Beijing.
Investors appeared to be looking to end the week on a higher note than that set in the last session, when stocks ended mixed. Market participants appear to be hoping the two sides can come to an agreement before a March 1 deadline when tariffs on certain imported Chinese goods are set to increase from 10% to 25%.
Deere's (DE) fiscal 2019 results are likely to be aided by the Wirtgen acquisition, replacement demand for agricultural equipment and growing construction markets.
On Thursday, the farm belt’s malaise deepened after the U.S. Department of Agriculture predicted soybean exports would stay below their pre-trade war levels until the 2026-2027 season. “It’s not a pretty picture, but it’s not getting a lot worse quickly,” said Dan Kowalski, at farm lender CoBank Acb in Greenwood Village, Colorado. At the same time, U.S. meat production was soaring and dairies were overflowing.
Deere (DE) delivered earnings and revenue surprises of -14.44% and 1.87%, respectively, for the quarter ended January 2019. Do the numbers hold clues to what lies ahead for the stock?
Shares of Deere fell more than 4 percent in premarket trading after the tractor supplier reported first-quarter earnings that missed Wall Street's expectations. Higher raw material costs and concerns over tariffs and trade policies hurt the company's results, the company said. Deere expects company equipment sales to increase by about 7 percent for fiscal year 2019 compared to 2018.
Higher raw-material costs and tariffs hit the maker of farm and construction equipment, but sales and earnings guidance for 2019 was left unchanged.
U.S. equity futures edged higher Friday, following solid gains in Europe, on reports that officials from both the U.S. and China will continue trade talks next week in Washington, raising hopes of a near-term ...
Markets eagerly, and optimistically, moved higher earlier in the week, as elite-level discussions transpired in Beijing between U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin, and Chinese Vice Premier Liu He. Forced transfers of key technologies, subsidization of domestic businesses in competition with foreign entities, as well as intellectual property theft continue to be points where the two side are likely to be unable to find common ground.
Deere & Co. said Friday it had net income of $498.5 million, or $1.54 a share, in its fiscal first quarter, after a loss of $535.1 million, or $1.66 a share, in the year-earlier period, when the maker of agricultural equipment booked a tax charge. Adjusted per-share earnings came to $1.35, below the $1.76 FactSet consensus. Sales rose to $6.941 billion from $5.974 billion, ahead of the FactSet consensus of $6.853 billion. "Although Deere has continued to make solid progress on a number of fronts and reported higher earnings for the quarter, our results were hurt by higher costs for raw materials and logistics as well by customer concerns over tariffs and trade policies," Chief Executive Samuel R. Allen said in a statement. "These latter issues have weighed on market sentiment and caused farmers to become more cautious about making major purchases." The company is expecting those cost pressures to ease in 2019 and is hopeful for "clarity around trade issues". The company is expecting equipment sales to rise about 7% in fiscal 2019. Shares fell 1.5% premarket and are down 2.6% in the last 12 months, while the S&P 500 has gained 0.5%.
posted weaker-than-expected first quarter earnings Friday, citing"unsettled" conditions in key markets, but noted that easing cost pressures would allow it to be "cautiously optimistic" on profits for the 2019 year. Deere said earnings for the three months ending in January, the company's fiscal first quarter, came in at $1.54 per share, up 17.55% from the same period last year but well shy of the Street consensus of $1.77 per share. Group sales, Deere said, rose 16% to $6.94 billion and topped analysts' forecasts of $6.85 billion.
- Net sales rise 16% to $6.94 billion . - Construction & Forestry results move strongly higher. - Forecast for 2019 calls for net income of approximately $3.6 billion on sales gain of about 7%. MOLINE, ...