Deere up after beat, brighter outlook


Deere also raised it full-year forecast for net income attributable to the company to $1.5 billion from its previous estimate of $1.4 billion. Jolley Asset Management LLC now owns 1,225 shares of the company's stock worth $105,000 after buying an additional 150 shares during the period. Equipment net sales in the US and Canada were down 8 percent while net sales elsewhere rose 11 percent. The firm has a market capitalization of $32.45 billion, a P/E ratio of 21.43 and a beta of 0.77. Capital Investment Advisors LLC increased its position in Deere & Company by 0.8% in the third quarter. Hedge funds and other institutional investors own 71.09% of the company's stock. The stock has moved up across its 50-day moving average of $106.91. Full-year profit views are for Deere & Company to earn $4.52 in current year and grow profits by almost -6.03% over last year's earnings of $4.81.

Deere & Company (NYSE:DE) last released its quarterly earnings data on Wednesday, November 23rd.

In case of Revenue Estimates, 13 analysts have provided their consensus Average Revenue Estimates for Deere & Company as 4.67 Billion.

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The farming equipment maker reported quarterly earnings of $0.61 versus analysts' expectations $0.55 per share. The company raised outlook for fiscal year 2017. The High end of the forecast is $1.62/share, while the Low end is $0.35/share. Shareholders of record on Friday, December 30th will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, December 28th.

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Deere & Co. (NYSE:DE) has been given an average recommendation of "Hold" by the twenty-nine research firms that are presently covering the stock. Berenberg Bank began coverage on Deere & Company in a research note on Tuesday, January 24th.

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2 analysts rated the stock of Tempur Sealy International Inc. The consensus 12-month price target was $102.63 before the report.

Following the news, shares of Deere and Company ticked up in pre-market trading. Following the transaction, the insider now directly owns 55,427 shares in the company, valued at $5,705,655.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. While it's Return on Investment (ROI) value is 5.3%. Following the transaction, the insider now owns 96,855 shares in the company, valued at $9,847,247.85. The disclosure for this sale can be found here. Segment Sales: Agriculture & Turf. flat; Construction & Forestry -6%. The agriculture and turf segment manufactures and distributes a line of agriculture and turf equipment and related service parts.

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