Deere & Company (DE)
| Market Cap | 106.52B |
| Revenue (ttm) | 58.63B |
| Net Income (ttm) | 9.47B |
| Shares Out | 275.57M |
| EPS (ttm) | 33.24 |
| PE Ratio | 11.63 |
| Forward PE | 15.99 |
| Dividend | $5.88 (1.52%) |
| Ex-Dividend Date | Jun 28, 2024 |
| Volume | 1,380,722 |
| Open | 385.27 |
| Previous Close | 381.69 |
| Day's Range | 384.07 - 389.99 |
| 52-Week Range | 345.94 - 441.47 |
| Beta | 0.94 |
| Analysts | Buy |
| Price Target | 422.76 (+9.37%) |
| Earnings Date | Aug 15, 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 $61.22 billion, an increase of 16.47% compared to the previous year's $52.56 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 $422.76, which is an increase of 9.37% from the latest price.
News
John Deere drops DEI initiatives
CNBC's Andrew Ross Sorkin reports on the latest news.
Deere Slashes Diversity Initiatives After Backlash From Conservative Activist
Deere DE 2.02%increase; green up pointing triangle & Co. said it would dial back some of its diversity initiatives after it was targeted by a conservative activist, becoming the second agricultural co...
John Deere is latest company to distance itself from diversity, inclusion efforts
NEW YORK — Farm equipment maker John Deere says it will no longer sponsor “social or cultural awareness” events, becoming the latest major U.S. company to distance itself from diversity and inclusion ...
John Deere turns back on wokeness, rejects DEI policies: ‘Committed to our customers'
John Deere pledged that the company "will no longer participate in or support external social or cultural awareness parades, festivals or events."
Will Deere Stock Rebound To Its 2022 Highs Of Around $440?
Deere stock (NYSE: DE) currently trades at $355 per share, around 20% below its peak level of $438 seen in April 2022. In comparison, its peer – Caterpillar stock (NYSE: CAT) saw its stock rise by aro...
Deere Becomes Oversold
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important ...
John Deere and Employees Extend Support to Rock Valley, Iowa Community in Wake of Devastating Floods
MOLINE, Ill. , July 8, 2024 /PRNewswire/ -- In the aftermath of the recent flooding that has left over 500 homes damaged in Rock Valley, Iowa, John Deere and its employees have stepped up to support f...
Retired John Deere employee on mass layoffs: 'It's going to be devastating'
Retired John Deere employee Chris Laursen reacts to the company peeling off jobs amid production shift to Mexico on 'The Bottom Line.'
USO and John Deere Join Forces To Support Those Who Serve
The two-year commitment strengthens USO support of military service members and their families. MOLINE, Ill.
These 4 undervalued stocks could be hidden gems of H2 2024
U.S. stocks did amazingly well in the first half this year and the second half is unlikely to be any different, says Christopher Carey – portfolio manager at Carnegie Investment Counsel. Following are...
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.
5 Cheap Stocks Buying Back Shares at Reasonable Prices
Buybacks are in fashion. But at today's valuations, companies could be paying up for their own stock—and that's never a good idea, whether you're a CEO or a retail investor.
‘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
The Investment Committee discusses some of their stocks that are on the move.
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.