Company Overview - Deere's stock closed at $408.64, reflecting a +0.49% change from the previous day, outperforming the S&P 500's loss of 0.92% [1] - Over the past month, Deere's stock has decreased by 1.03%, underperforming the Industrial Products sector's loss of 1.22% and the S&P 500's gain of 2.68% [1] Financial Performance - Upcoming EPS for Deere is projected at $3.90, indicating a significant 52.78% decline compared to the same quarter last year [1] - Revenue is expected to be $9.34 billion, down 32.35% from the prior-year quarter [1] - For the entire fiscal year, earnings are estimated at $25 per share, reflecting a -27.81% change, while revenue is projected at $45.38 billion, indicating an -18.32% change from the previous year [2] Analyst Estimates and Valuation - Recent analyst revisions suggest a favorable outlook on Deere's business health and profitability, with the Zacks Consensus EPS estimate moving 0.1% lower in the past month [2][3] - Deere currently holds a Zacks Rank of 4 (Sell), with a Forward P/E ratio of 16.26, aligning with the industry average [3] - The PEG ratio for Deere is 1.36, consistent with the Manufacturing - Farm Equipment industry's average PEG ratio [3] Industry Context - The Manufacturing - Farm Equipment industry is part of the Industrial Products sector and holds a Zacks Industry Rank of 209, placing it in the bottom 18% of over 250 industries [4] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [4]

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about Deere (DE) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.Deere currently has an average brokerage recomm ...

Deere (DE) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future. Over the past month, shares of this agricultural equipment manufacturer have returned +3.4%, compared to the Zacks S&P 500 composite's +6.4% change. During this period, the Zacks Manufacturing - Farm Equipment industry, which Deere falls in, has gained 5.4%. The key question now is: What could be the stock ...

Arrow symbol glowing amid black arrow symbols on black background. Horizontal composition with copy ... [+] space. Stock market and finance concept.gettyLet’s talk about companies that are serious about dividend hikes. I’m talking about recent payout raises of 25%, 67% and even 120%.Know what happens to a stock that raises its dividend like this? Its shares skyrocket.Consider Graco (GGG), a company that specializes in fluid-handling systems, serving everyone from homeowners and contractors to industrial and ...

Deere (DE) closed the latest trading day at $408.74, indicating a -1.86% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.17%. On the other hand, the Dow registered a loss of 0.44%, and the technology-centric Nasdaq decreased by 0.04%. Heading into today, shares of the agricultural equipment manufacturer had gained 6.26% over the past month, outpacing the Industrial Products sector's gain of 4.17% and the S&P 500's gain of 1.25% in that time. The investm ...

Deere & Company (DE) has recalled about 147,900 compact utility tractors in the United States due to a potential brake failure risk, per reports. This voluntary recall will ensure customer safety. The recall applies to models 1023E, 1025R and 2025R sold between November 2017 and July 2024. In Canada, the company has recalled another 16,800 of the compact utility tractor models. The front bell crank in the brake linkage of the recalled tractors may break, endangering users in the event of a crash, according ...

Republican presidential nominee former President Donald Trump speaks at a campaign event at a farm, Monday, Sept. 23, 2024, in Smithton, Pennsylvania.Former President Donald Trump on Monday threatened John Deere with a 200% tariff if the agricultural manufacturer moves production to factories in Mexico."They've announced a few days ago that they're going to move a lot of their manufacturing business to Mexico," the Republican nominee said at a policy roundtable in Smithton, Pa., hosted by the Protecting Ame ...

The maker of John Deere tractors has agreed to pay a $10 million penalty to the US government to settle charges that it lavished Thailand government officials with extravagant trips and visits to massage parlors — bribes that netted its subsidiary more than $4 million in profit. Deere & Co. came to an agreement on Tuesday with the Securities and Exchange Commission, which charged the company with violating the US Foreign Corrupt Practices Act. The Moline, Ill.-based company did not admit to any wrongdoing n ...

SEC Charges John Deere With FCPA Violations for Subsidiary's Role in Thai Bribery SchemeSeptember 10, 2024 4:52 PM EDT | Source: Newsfile SEC Press DigestWashington, D.C.--(Newsfile Corp. - September 10, 2024) - The Securities and Exchange Commission today announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve SEC charges that it violated the Foreign Corrupt Practices Act (FCPA) arising out of bribes paid by its wholly owned subsidiary, W ...

Deere & Company (DE) has been facing challenges due to weak farmer spending amid low commodity prices. This weighed on its earnings and share price performance. The U.S. Department of Agriculture's (USDA) report released on Sept. 5 suggests that while farm income will decline in 2024, it will be less severe than previously expected. USDA expects production costs to be favorable for farmers this year. Deere's shares dipped 2% on Sept. 5, following USDA's revised outlook, and have lost 1.2% since. Year to dat ...