Deere & Company (DE)
| Market Cap | 100.57B |
| Revenue (ttm) | 58.63B |
| Net Income (ttm) | 9.47B |
| Shares Out | 275.57M |
| EPS (ttm) | 33.24 |
| PE Ratio | 10.98 |
| Forward PE | 15.04 |
| Dividend | $5.88 (1.61%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 1,289,816 |
| Open | 359.53 |
| Previous Close | 360.99 |
| Day's Range | 359.25 - 365.46 |
| 52-Week Range | 353.15 - 450.00 |
| Beta | 0.99 |
| Analysts | Buy |
| Price Target | 424.35 (+16.28%) |
| Earnings Date | Aug 16, 2024 |
About DE
Deere & Company engages in the manufacture and distribution of various equipment worldwide. The company operates through four segments: Production and Precision Agriculture, Small Agriculture and Turf, Construction and Forestry, and Financial Services. The Production and Precision Agriculture segment provides large and medium tractors, combines, cotton pickers and strippers, sugarcane harvesters and loaders, harvesting front-end equipment, pull-behind scrapers, and tillage and seeding equipment, as well as application equipment, including spray... [Read more]
Financial Performance
In 2023, DE's revenue was $61.25 billion, an increase of 16.50% compared to the previous year's $52.58 billion. Earnings were $10.17 billion, an increase of 42.56%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for DE stock is "Buy." The 12-month stock price forecast is $424.35, which is an increase of 16.28% from the latest price.
News
These 4 undervalued stocks could be hidden gems of H2 2024
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Caterpillar Stock Is a Better Bet Than Deere's, Says Analyst. This Is Why.
Citi analyst Kyle Menges launched coverage of several U.S. machinery stocks. He has a Buy rating on Caterpillar stock, and a Hold rating on Deere's.
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‘Greed': John Deere rolls out hundreds of US layoffs and sends work to Mexico
Agricultural equipment company plans to move production out of the country in move condemned by workers
Deere to cut salaried and production jobs in the next couple of months
Deere & Co. disclosed Wednesday that it is cutting jobs, with the layoffs expected to occur in the next couple of months.
Deere & Co. Cutting Production, Salaried Workforce
The farm and construction machinery maker said it plans to reduce its production and salaried workforce as part of efforts to meet its strategic priorities while reducing overlap and redundancy.
John Deere Helps Increase Access to Higher Ed
$6.6M Commitment Creates John Deere Scholarship Program MOLINE, Ill. , June 3, 2024 /PRNewswire/ -- A groundbreaking partnership between the John Deere Foundation, the University of Iowa (UI), and the...
Deere & Company Announces Quarterly Dividend
MOLINE, Ill., May 29, 2024 /PRNewswire/ -- The Deere & Company (NYSE: DE) Board of Directors today declared a quarterly dividend of $1.47 per share payable August 8, 2024, to stockholders of record on...
Is Deere Stock Fully Valued At $400?
Deere (NYSE: DE) recently reported its Q2 fiscal 2024 results (fiscal ends in October), with revenues and earnings exceeding the street estimates. The company reported equipment revenue of $13.6 billi...
Deere (DE) Struggles with Waning Demand for Agriculture Equipment
Deere (DE) slides despite beating earnings estimates. Jonathan Sakraida talks about how Deere is grappling with declining demand for agriculture equipment and machinery.
Committee Stocks on the Move: Cisco, Deere, Target, Palo Alto and IBM
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Deere Cuts Annual Profit Outlook as Farmer Demand Slows
Deere & Co. reduced its profit outlook for the year, saying net income for the fiscal year will be at least $500 million, or 6.7%, lower than the company's previous forecast. Christopher Ciolino of Bl...
Deere Cuts Outlook Again as Farm Equipment Demand Drops
Shares of Deere & Co. (DE) fell in intraday trading Thursday as the manufacturer of big farm and construction equipment cut its profit forecast for a second consecutive quarter on limited demand for i...
Deere reports a strong Q2 but trims guidance
Deere & Co (NYSE: DE) is trading down in premarket on Thursday even though it reported better-than-expected financial results for its second quarter. Why is Deere stock down on Thursday?
Deere's stock slides 5% on soft guidance for fiscal 2024
Deere & Co. Inc.'s stock DE, +0.30% tumbled 5.8% early Thursday, after the maker of agricultural and construction machinery posted better-than-expected earnings for its fiscal second quarter but offer...
Deere Reports Second Quarter Net Income of $2.370 Billion
Quarterly results underscore sound execution in the face of challenging market conditions. Global agricultural and turf demand further softens while the construction industry remains stable.
Falling Farm Income Will Weigh on Deere Earnings
For Deere's fiscal second quarter, Wall Street is looking for earnings per share of $7.86 from equipment sales of $13.2 billion,
Record Year of Giving Back Leads to 3x Honor
John Deere Named to The Civic 50 — Again! MOLINE, Ill.
Inflation Data, Plus Walmart, Deere, Alibaba, and More Stocks to Watch This Week
The April consumer price index is expected to be up 3.4% from a year earlier. Plus, retail sales, the leading economic index, and producer price index data.
Deere to Announce Second Quarter 2024 Financial Results
MOLINE, Ill. , May 8, 2024 /PRNewswire/ -- Deere & Company (NYSE: DE) will hold its second quarter 2024 earnings call on Thursday, May 16, beginning at 9:00 a.m.
TVS Supply Chain Solutions North America Earns Recognition as a John Deere 'Partner-Level Supplier'
The Partner-level status is Deere & Company's highest supplier rating recognition CHENNAI, INDIA / ACCESSWIRE / April 23, 2024 / TVS Supply Chain Solutions Limited (NSE:TVSSCS)(BOM:543965), a global s...
Deere Peer CNH Announces CEO Departure. The Stock Is Falling.
Chief executive Scott Wine is leaving the maker of agricultural machinery after three years at the helm.
John Deere is hiring a CTO — that's Chief Tractor Officer — to help launch its TikTok channel
John Deere is looking for a different kind of CTO — a Chief Tractor Officer. The winner of the competition will help launch the agriculture equipment company's new TikTok channel.
Final Trades: Steel Dynamics, Sabra Health Care, ASML Holding and Deere
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Kellye Walker Joins Deere & Company as Senior Vice President, Chief Legal Officer and Worldwide Public Affairs
MOLINE, lll., March 25, 2024 /PRNewswire/ -- Deere & Company (NYSE: DE) announced today that former Eastman Chemical Company executive, Kellye Walker, will join its leadership team as senior vice pres...